2.65bn shares and 1.63bn options at $0.05
At $0.012 = diluted market cap of $43M for 75% of the project.
And still the investor has not subscribed for 25% of the project for $6M with title to the smelters. Would have thought they were jumping at the opportunity?
Other concern for me is below. GMC Have to date only received $2M converting notes. It states a default event is a "default under the other Investmemt Documentation"
Has anyone seen the "other" Investment Documentation that contains the list of what would constitute a Default Event?
GMC Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held