GMC
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0.00% 0.6¢ gulf manganese corporation limited

The Tanah loan term was 3 months from settled drawdown which was...

  1. sadj89
    1,992 Posts.
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    20/03/17
    17:41
    Post #: 23489226
    The Tanah loan term was 3 months from settled drawdown which was 6 March 2017.

    If GMC is unable to raise funds by the end of the 3 month period, they will need to pay it back in cash. Since they do not have a spare $350,000, they will be insolvent and creditors will seek repayment from liquidators. I imagine this is a relatively small, very short term facility for that reason alone.
    GMC Price at posting: 4.2¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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