GMC 0.00% 0.6¢ gulf manganese corporation limited

Ann: Triple C Research Report, page-9

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  1. 135 Posts.
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    I have discussed your concerns with management .Firstly they have no intention of releasing
    more shares in the market as they will export manganese concentrate as soon as they get the
    permit which is in the process and is their first priority. Secondly there is no limit as to the
    amount of ore to be exported. Thirdly there is no problem with the supply as there is ample
    supply in Indonesia and which GMC can get at a cheaper cost than the market because
    the suppliers cannot export it so they will line themselves to GMC to buy their ore. Fourthly
    the cost of power may be higher than in China but the quality of the manganese ore that they
    are foing to process is considered to be one of the highest in the world and so the cost of
    production will be much lower than their market peers and the cashflow from the export of
    manganese concentrate will fill the gap if needed.
 
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