GMC 0.00% 0.6¢ gulf manganese corporation limited

GMC moving forward, page-74

  1. 2,345 Posts.
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    Based on the purchase of a $0.003 option (with an exercise price of $0.005) – this means they value it at $0.008 – which is exactly where the share price is trading.

    Options expire in less than 60 days

    Stop being so one-eyed like Tompo – who now thinks I am a disgruntled ex employee simply because it fits his narrative.

    I think those with tunnel vision on here need to stop making everything fit your narrative (that GMC is this successful enterprise). The facts remain that:

    • 1.6 billion options expire on 21st April – it is likely most holders will sell down their stock to purchase the options
    • No DSO (despite it being imminent for over 3 years now)
    • No commissioning of smelters
    • No news on funding – receival of next tranche
    • No mine site acquisition

    There are real reasons why this has fallen from over 2c to $0.008 in the last few months – please think about them in the context of your narrative.

    Bid for the options is now $0.002 - and not much depth there for option holders. They will need to come up with $0.005 if they want to convert to shares! (and how do you think they will fund this requirement???)
    Last edited by tt2000: 28/02/19
 
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