GMC 0.00% 0.6¢ gulf manganese corporation limited

Volume Boom, page-73

  1. 740 Posts.
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    Well I can't advise you, but I can tell you how it works.

    Column 1
    0 GULF MANGANESE CORPORATION LIMITED (GMCO)
    1 OPTION EXPIRING 21-APRIL-2019
    2 Exercise Price: $0.005c

    So buy them as you would GMC, but use GMCO. It allows you to buy more. Once bought you can sell them at any time, or convert to GMC by paying the Exercise Price before the expiry date. To convert usually requires completing a form and lodging it with the funds payable. Before the expiry date the company will send out a reminder of the Option expiry and the process to follow.

    Like any share if you sell after 12 months of the buy date, then the capital gains tax is applied to 50% of the gain.

    Hope this helps.

    DYOR.
 
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Currently unlisted public company.

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