GMC 0.00% 0.6¢ gulf manganese corporation limited

wowowo, I don't wish to be rude, but mate you don't have a clue....

  1. 4,695 Posts.
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    wowowo, I don't wish to be rude, but mate you don't have a clue.
    If you wish to bring information to the table its best to get it right otherwise its just plain foolish.
    OM Sarawak has a power supply contract signed for 20 years, this cheap hydro was the draw card to bring the Japanese investors and Singapore investors like OM Sarawak, Pertama and Sakura to Samalaju Industrial Park in Sarawak. This also included Press Metal the huge aluminium smelter. Billions$$$ have been invested in SCORE Sarawak because of the cheap hydro power. Whatever way you want to look at it, GMC power is at least triple the price paid in Sarawak by these main ferro alloy producers. OM Sarawak being the largest and most diversified alloy producer in Sarawak, if you did any research on the CEO you might understand why.
    Admittedly Indonesia is a producer of coal, although the price of coal is sold to PLN is at market price. If you think that power prices aren't the key to successful smelting, then you'd better think again.
    I agree that 2 years ago that OMH was struggling with huge debt and with only a couple of furnaces operational. That is why you could buy the shares for 5 to 10c. Now all furnaces are in operation since June 2018. Income will reach $1.5 billion this year.
    Maybe come back in two weeks and tell me how low OMH's profit is.
    I know who will have the last laugh.
 
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