Ann: Gulf Signs Power Purchase Agreement, page-49

"Once a line is designated as a certain voltage, it is regulated to stay at that voltage.

If the GMC draws more than 30 MVA then it will be put on a higher tariff, not a higher voltage."​

I think you are forgetting where they are located, GMC is right next door to the power station. Surely as power needs increase, then it is feasible it would be able to put in a new line to obtain the higher voltage. This is assuming the cost of installing a new line would be cheaper than the cost differential of a higher tariff.

The thing is the agreement GMC is highly likely a 'commercial in agreement' and details won't be divulged. The prices being thrown around on here are really on guesses and no one on this board can purport to know anything differently. The amount of the 'sky is falling' posts on this board is not only ridiculous, but actually extremely amusing.

I will place my faith in the management of GMC who are 'the experts in manganese smeltering' over and above any poster on this board, and in particular those who do not own the stock and have been known down rampers for quiet sometime on this sub.

The furnaces are ready to be shipped, the plant is being built, the power is ready, high grade manganese is (price continues to increase upon increase in demand), the team is on the ground training the people, as far as I am concerned GMC continues to take steps in the right direction (albeit slower than I wanted). If people want to off-load at cheap prices then I am might be willing to take some more of their hand.

Good luck to all shareholders! FO to everyone else!