Most brokers and analysts wouldn't have a clue on what is going on with ConsMin. The reason is, the manganese and chromite markets are opaque to say the least. I have found all this info out by checking on all the metal trading websites. But you have to be a subscriber and it will cost you US$1000/pa.
www.asianmetal.com
www.ferro-alloys.com
http://www.metal-pages.com/subscr/prices/mp.php?sid=fca72be8a6380e5894803b5442026970
Brokers and analysts only do their reports using information supplied by ConsMin in their updates.
In their reports they still talk about manganese at US$2.5/dmtu and chrome ore 42% at US$137/ton.
These prices have increased by 100% in 6 months.
A group of ConsMin shareholders have been checking all metal trading websites for the latest info. The info posted here is the latest, the only reason ConsMin management know about it is because I've sent it to them.
Chrome ore is US$270-280/ton FOB RSA Cr2O3 39% ore , ConsMin ore is 42%.
I know that this information will come out in a few days time. Otherwise ConsMin management will get a please explain from the ASX, they cannot hold back important market sensitive information, just to keep the share price down for their cosy deal with Pallinghurst.
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cosmo gold limited
consmin tex report on manganese ore increases, page-20
Currently unlisted. Proposed listing date: TBA
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