What is again being conveniently overlooked is the fact that right next door to GMC are 2 thermal power stations (as seen in the twitter and other photos) . Both are coal fired and one is relatively new. At this point in time the cost of diesel is irrelevant for GMC. The power cost is fixed for a period irrespective of changes to generating mix and cost.
GMC Price at posting:
2.0¢ Sentiment: Hold Disclosure: Held