GMC 0.00% 0.6¢ gulf manganese corporation limited

Since the shareprice hit 0.02 a few weeks ago and we all heard...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,027 Posts.
    lightbulb Created with Sketch. 72
    Since the shareprice hit 0.02 a few weeks ago and we all heard of the mine moratorium, we all pretty much knew GMC was in trouble. Many have left and taken their money elsewhere and i dont think they will re-invest in GMC ever again. Management are a joke and there's too much risk in doing business in Indonesia. As you very well can see there is currently a STOP on all mining related activities. How long that would last ? 1 year ? 5 years ? or indefinitely.....

    From 0.02 2 weeks ago, SP now sits at 0.01 and after suspension gets lifted, i think any one that manage to exit at 0.005 should consider themselves lucky. Who would be crazy enough to invest now that GMC gets itself in the worst possible situation. GMC was Doomed from the beginning, if you ask me.
 
watchlist Created with Sketch. Add GMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.