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0.6¢ gulf manganese corporation limited

Ann: Update on Cornerstone Investment, page-30

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tonychung23

14 Posts.

1

19/10/18

23:13

Post #: 36194201
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Originally posted by MrWisemanSays: ↑

I was thinking more like 0.005 but even at that price it is too risky. Then again why would someone buy at 0.005 when there's a high chance of GMC to go straight into administration or close shop.

Frankly my opinion is, now that all the facts have been confirmed, anyone that wants to lose their hard earned cash just have to buy when suspension is lifted. Thats just my opinion.

We know the mine moratorium is now enforced, The supposedly "King of Coal" has run scared and doesn't want to waste his own cash, then you have 2 others that owns the title to both Smelters that wants out too.

I think yes you could be right, 0.003 or 0.004 is where it will open once Suspension is lifted. One has to be crazy to jump in. Man this was expected and the writing was on the wall.

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sheesh 1.7 billion options about to be worthless at that SP...most being those post Pak sophisticated investors.

There will be no Coal King capital dilution...

If there is an extension, i don't see many people lining up to commit $ to cap raising considering the original sophisticated investors are all losing massive amounts of money.

GMC Price at posting: 1.0¢ Sentiment: None Disclosure: Held
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