9% up for the day Cash projected to run out in 20 business days....

9% up for the day

Cash projected to run out in 20 business days.

$1M current liability from 28 June 2018 best case (sooner if redeemed earlier).

Without any additional cash, its solvency is extremely risky.


Shows issue date 27 June 2017.


Shows it can be redeemed within one month.

So if this is redeemed, GMC have one month to come up with $1M AUD.

With nil cash projected this month, this solvency situation appears perilous.

But hey it was up 9% today!!!