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Here are some posts about how seriously I believed in this (note...

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tt2000

2,345 Posts.

539

07/03/19

10:53

Post #: 37682427
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Originally posted by tt2000 ↑

hi @Tomp03

I can confirm that I am not neither an:

Ex-Employee; nor

EX-Director of GMC or any affiliated company related to GMC GULFResource

I am, however, (and as previously stated) an ex shareholder that believed that GMC could close the deal with Pak Marthen after GMC stated numerous times that the funding from Pak Marthen was imminent. It didn't happen, and GMC have been chasing DSO ever since.

Since then a number of other "cornerstone investors" have popped up, but most of them drop away like Pak Marthen.

Much like you, at the time of buying into GMC, I was a believer of the story and GMC's ability to get the deal with Pak Marthen and DSO and was blind to those that pointed me to GMC's history (even prior to Pak Marthen to not be able to actually close a deal - they tried and failed to list on the Singapore exchange).

So I am simply here to remind those of the same risks that I didnt pay much attention of - make no mistake they are real.

At the end of the day we are all investors to make money - you want to make money, I want to make money.

So good luck to you mate - I hope DSO comes off. I stand to lose nothing if it does, and the more money you have, the better it is for the ASX (and therefore me), as you can re-invest it around.

But until I am wrong, I will simply continue to point out the risks in GMC.

If you look at the SEA forum (a stock that I own), I point out the risks in stocks that I am a holder in and also take what you call downrampers very seriously - as they often point out things that I may have overseen in my emotional attachment to the stock.

Don't take commentary on GMC personally - it is simply meant to be objective and based on facts.

Cheers mate and good luck

Could be a big week next week (as GMC alluded to), not that I believe it of course...

Expand

Here are some posts about how seriously I believed in this (note the date of the posts in 2016) - boy was I wrong.

As the saying goes, fool me once shame on you, fool me twice shame on me.

From experience, I have learnt you need to read and question every single word in the GMC announcements - there is a reason why after 3 years, they are still chasing after their tail. They are in a much more perilous position now though - with the debt, and importantly how the debt holders have title to the smelters.

GMC expect DSO next week - you can just about expect that there will be some delay, extension, or some new final step / process / application that comes in the way of actually achieving it.

https://hotcopper.com.au/threads/an...e-investment.3042470/page-81?post_id=20650700

https://hotcopper.com.au/threads/an...-investment.3042470/page-114?post_id=20659955

https://hotcopper.com.au/threads/10m-usd-cash-payment.3060914/page-52?post_id=21026636
Last edited by tt2000: 07/03/19

GMC Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

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Here are some posts about how seriously I believed in this (note...

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