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0.6¢ gulf manganese corporation limited

"The Company requests the voluntary suspension remain in place...

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tt2000

2,345 Posts.

539

26/10/18

09:23

Post #: 36268685
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Originally posted by MrWisemanSays ↑

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.

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"The Company requests the voluntary suspension remain in place until the Company makes an announcement to the market which we expect to make no later than on 26 October 2018"

Unfortunately, today could well be the end of GMC...

Really sad for all - this is deja vu of Pak Marthen

GMC Price at posting: 1.0¢ Sentiment: Sell Disclosure: Not Held
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