GMC Chart, page-121

First 121 Last

Share
Profile

Follow
Deano65

99 Posts.

9

20/08/18

22:15

Post #: 35048954
Share

Originally posted by rocket973 ↑

Dennie, you don't build a state of the art smelter complex for peanuts. OMH didn't go down the path of buying 2 x 50 year old second hand junk from cash converters. Nor did they dilute shareholders by issuing billions of shares. OMH originally borrowed the money ie more than $650 million. More than $100 million was repaid just last year and they currently owe around $400 million and will reduce by another $100 million this current year.
You don't build one of the worlds largest smelter complexes without borrowing money, if you do it like GMC you just end up with a pile of outdated junk.
That pile of outdated junk will cost GMC 6 billion shares for a 50% share by the time its finished, and then it will be impossible to make money because input costs will be too high to make a profit.

wowogo, when OMH starts paying a 10c divi next year I really don't care how much the CEO gets paid.

Expand

100% correct you can’t build anything out of thin air. GMC and OMH are apples and oranges at far different stages of development. I’m pretty sure OMH had a couple of tankings along the way. Anyways thanks for your advice. Personally I don’t think GMC will ever be anything like OMH, GMC will always be a much smaller concern.

I just read some financial reports can you tell me how a company with about 100m turnover pay 100m in debt per year. They print money there too?

GMC Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Bitcoin jumps 8% to beat record on Trump vote optimism

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

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

RLF

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

There are more pages in this discussion • 12 more messages in this thread...

First 121 Last

Add GMC (ASX) to my watchlist

GMC Chart, page-121

Top Stories

Bitcoin jumps 8% to beat record on Trump vote optimism

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

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

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Featured News