Regardless of the outcome you seem to be completely void of all...

First 6 Last

Share
Profile

Follow
gatorzz

458 Posts.

23/02/17

11:16

Post #: 22838573
Share

Originally posted by tt2000 ↑

For those of you thinking the CR will be good read this
Gulf raised circa $1 million via the placement of 70 million shares at 1.5c per share, with an attaching 2 new shares issued for 1 listed option (GMCO). The issue of the attaching listed options will be subject to shareholders approval. Triple C Consulting acted as the lead manager for the placement which was heavily oversubscribed.

Following the recent securing of a potential cornerstone investor (see ASX release 5 August 2016), the Company has received significant interest from a number of strategic investors. As a result, Gulf has taken this opportunity to secure additional funding in order to provide the requisite financial flexibility prior to the receipt of final site approvals.

The best GMC could raise at, whilst we had the cornerstone investor was shares issued at $0.015 with an attaching 2 new shares issued for 1 listed option at $0.005 - i.e. an effective price of $0.0012.

Given that the agreement with Pak has now been terminated, you would have to think that the terms of this CR would be less favorable to the previous one.

The only thing that can save us is the terms of Pak's counter offer, which management should have to disclose to us immediately.

Expand

Regardless of the outcome you seem to be completely void of all hope. Enjoy stress and loathing. Speculation from you over the last few weeks has been somewhat boring and unnecessary.

GMC Price at posting: 4.2¢ Sentiment: None Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

There are more pages in this discussion • 28 more messages in this thread...

First 6 Last

Add GMC (ASX) to my watchlist

Regardless of the outcome you seem to be completely void of all...

Top Stories

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Trump is President Again: What Does This Mean for Crypto?

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Featured News