If you are only looking to make 30% then i wish you all the best. I was purely saying for the risk, it doesn't look cheap. Maybe there were some people trying to make 30% prior to it going into suspension?
Stocks trade lower than their capital raising price all the time so don't be fooled.
Fully diluted it has a market cap of $40m for an under capitalised, industrial business. Until it is producing cash, it looks expensive.
The share price could easily halve again from here, espicially in this market. There are plenty of stocks with huge forward cash flow predictions trading below $20m market cap so be very wary.
Those are my thoughts, good luck, nothing for me here.
GMC Price at posting:
1.0¢ Sentiment: Sell Disclosure: Not Held
