GMC Chart, page-121

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Deano65

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20/08/18

22:15

Post #: 35048954
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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of the worlds largest smelter complexes without borrowing money, if you do it like GMC you just end up with a pile of outdated junk.
That pile of outdated junk will cost GMC 6 billion shares for a 50% share by the time its finished, and then it will be impossible to make money because input costs will be too high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.

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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
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