GMC 0.00% 0.6¢ gulf manganese corporation limited

Continuous Disclosure, page-17

  1. 4,695 Posts.
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    Obviously you don't read announcements, and have little knowledge of understanding about the ferro alloy industry.
    OMH profits have resulted in a 1300% increase in share price.( 10c to $1.30 due to huge profits)
    Now the smart people who bought OMH a year or so ago will get a 60% return on their initial investment every year in dividends. When Phase 2 starts it will be 100% return annually from dividend, so laukok you'd better go back to sleep.
    The cost of power is far more significant than what GMC cheer squad think. Just for example if Silicon metal were produced in Sarawak it would cost US$390/tonne for power in Indonesia at Kupang it would cost US$1,430/tonne.
    GMC would never be able to produce any high power requirement products, its only FeMn that its even able to contemplate. Even then it may be possible to stay afloat because all those rice and chicken farmers will run around picking up lumps of Mn ore and donate to GMC as goodwill.
    Can't stop laughing when I read that it will take 18 companies to produce/find/pickup 10,000 tonnes per month.
    Tshipi produces that much in a day.
 
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