Ann: Gulf Corporate Presentation February 2019, page-21

Hi friends let’s not get too hostile here, we all have different views on this, some prefer to think their comments carry more weight than others’. we should look at facts and admit our mistakes if any

its getting very very worrying that they need to issue shares just to raise $75. i agree a turn in price may be triggered only when production commences but has anyone looked at the global prices of ferromanganese? Especially so for high carbon grade it is terrible and the only salvation for producers of FeMn is the profits from mn ore this is IF they are miners themselves. GMC is not mining ore so I am worried about the future