GMC 0.00% 0.6¢ gulf manganese corporation limited

Crap company, Sack the board, page-41

  1. 245 Posts.
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    Do you honestly believe they have not planned for this? They suddenly woke up and are in this situation.

    They just raise more cash as they have been doing since 2015. Maybe check all the previous quarterly cashflow reports and you can see that this is not the first time they had to raise cash.
    The frustrating part especially for those looking to make a "quick" dollar is that this has taken longer to get the first two smelters producing alloy. The breakdown of the investment from Pak Marthen put alot of milestones on hold for around 6-7 months.

    For those in it for the long term understand its a 4-5 year project and that's if everything goes smoothly (which it never does but this is the nature of the business world). If you go back and check the detailed report of this project which was posted in 2015 you would see this.
 
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