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0.6¢ gulf manganese corporation limited

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Bananabender56

45 Posts.

3

24/05/18

10:54

Post #: 33286767
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Originally posted by rocket973 ↑

Yes, GMC is close to the power station where diesel generators will be used to generate power.
Have you checked the price of a barrel of oil lately? A 20% increase in a barrel of oil has already taken place recently. Checked the price at the Aussie fuel station lately?
http://www.infomine.com/investment/metal-prices/crude-oil/5-year/
If the Indonesian Gov't continues to subsidize power at current prices it won't take long before they're bankrupt. Won't be long before Indonesia will need another handout from Australian Gov't courtesy of the Australian taxpayers.

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Not sure I understand why this false information is allowed to be posted. The 2 power stations operating next to the Gulf site are coal fired. Pertamina has its own oil reserves and can sell oil at any price it chooses - irrespective of global spot prices.

GMC Price at posting: 1.1¢ Sentiment: Hold Disclosure: Held
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