GMC 0.00% 0.6¢ gulf manganese corporation limited

As stated in the quarterly activities statement - "Discussions...

  1. 245 Posts.
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    As stated in the quarterly activities statement - "Discussions to obtain the necessary permitting to enable the commencement of the sale and shipment
    of manganese concentrates (>49% Mn) (DSO) from Kupang are still progressing."

    If this has been denied as some are suggesting it would have to be disclosed in an announcement.

    Patients is required. Great time to buy/ accumulate at low prices in my opinion.

    Once first two furnaces are commissioned which will hopefully be second half of the year this stock will be sitting in a very different position.

    DSO approval should rerate the stock price considerably when it comes as the cashflow it will produce derisks the momentum / timeframe of completing operational milestones.

    It is having an adequate supply and producing from the first two smelters (hopefully H2 of this year) that is going to put GMC in a strong financial position for the future. Once at full production with the 8 proposed smelters there may be alot of regret for those without the patience. Time will tell. Unfortunately there is no crystal ball.

    Until then lets hope its a smooth ride with minimal hiccups.

    I for one at this stage am in for the long run.

    GLTA
 
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