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0.6¢ gulf manganese corporation limited

Still don't understand why someone who has no financial interest...

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Bananabender56

45 Posts.

3

20/08/18

10:35

Post #: 35031257
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Originally posted by rocket973 ↑

Amazing how most GMC investors can only post drivel and insults, how about some sensible discussion for a change.

ConcernedCitizen, I would like to point out that SiMn is often used as feedstock to produce refined alloys like LC and MC ferro manganese. I'm not sure why GMC management aren't producing LC or MC FeMn via this method, but can only assume that its due to the higher power requirement for the process.
SiMn is cheaper than FeSi. Its also possible that GMC could produce its own SiMn for feedstock but again it takes considerably more power plus GMC will only have two furnaces for production at this stage. Its possibly cheaper in the long run to buy the FeSi, but the cost as I've tried to point out is 50% more than the GMC's estimated costs which are well out of date.

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Still don't understand why someone who has no financial interest in GMC is spending so much time in researching prices of raw materials etc - must be a community service .

GMC Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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