No pay, no problem

GBM Resources has missed an end of year deadline to pay off the balance of Tranche 1 of its $A10 million loan agreement with UK financier National Federal Capital.

No pay, no problem No pay, no problem No pay, no problem No pay, no problem No pay, no problem

GBM at work.

The company repayed $3.5 million on December 7 but subsequently failed to pay off the rest by December 31, as per the loan agreement secured in October 2016.

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