GMC 0.00% 0.6¢ gulf manganese corporation limited

blokes, the link about manganese for electric vehicles doesn't...

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  1. 4,695 Posts.
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    blokes, the link about manganese for electric vehicles doesn't apply to GMC.
    GMC plans to build a smelter, if you think that the Indonesian Gov't will allow GMC to constantly provide DSO ore to the international market then you're living in fantasy land.
    Everybody on here said the DSo would be approved by Xmas, where is it? Every month that goes by and no income the snouts at the trough will suck the trough dry. It will be another capital raising before even one furnace is fired up. GMC doesn't have enough money to even buy some raw materials to feed one furnace.
    You'd be better off buying shares in JMS when it relists as it has a 49.9% stake in the worlds largest manganese miner Tshipi in South Africa currently ripping out 3 million tonnes pa of Mn ore. S32 and OMH are good bets too thats if you want REAL exposure to manganese for electric vehicles. Taking about it on GMC is a waste of time.
 
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