GMC
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0.00% 0.6¢ gulf manganese corporation limited

To get an idea of the potential capital raiaing: refer to Triple...

  1. tt2000
    2,345 Posts.
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    27/02/18
    23:41
    Post #: 31397728
    To get an idea of the potential capital raiaing: refer to Triple C's Research Report.

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    Cost of first two smelters is USD $17M = AUD $24M.

    So far GMC has only raised AUD$12M.

    So it needs another AUD $12M just to get the first smelters installed.

    Now not only do I think it's a CR, it's a big capital raising to fund this capital requirement.
    GMC Price at posting: 1.2¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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Currently unlisted public company.

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