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OMH - Strong Sell, page-37

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Tompo03

151 Posts.

31

13/08/19

11:11

Post #: 39973468
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Originally posted by rocket973: ↑

Who cares what these posters think, they're serial downrampers and judging from their own investments they've little knowledge of OMH but their own stocks too.
While other smelters are closing down and going broke, OMH is at full production and all product is being sold.
Any smelter with expensive power is grinding to a halt. Hernic is the next one to go broke in South Africa and they since can't sell their furnaces then the liquidators will sell them for scrap. "the liquidators are considering selling the smelters as scrap".
https://intherightvein.com/2019/08/12/hernic-smelter-might-be-sold-for-scrap/
Samancor had looked at buying the furnaces but have walked away. Without cheap power smelters aren't profitable in the current market, S32 has announced the problem of cheap power in Malaysia making their FeMn and SiMn production uneconomic. S32 will close their smelters in Tasmania and South Africa latter this year.

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There seems to be no end to this ...Down another 5% in early trade...Those power prices must be really hurting the bottom line

OMH Price at posting: 69.0¢ Sentiment: Sell Disclosure: Not Held
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(20min delay)
Last 38.5¢		Change 0.010(2.67%)		Mkt cap ! $295.0M

Open	High	Low	Value	Volume
38.5¢	38.5¢	38.5¢	$572	1.487K

Buyers (Bids)

No.	Vol.	Price($)
3	8797	37.5¢

Sellers (Offers)

Price($)	Vol.	No.
38.5¢	10000	1

View Market Depth

No.	Vol.	Price($)
3	8797	0.375
1	1000	0.370
1	2750	0.360
3	11002	0.350
2	30405	0.345

Price($)	Vol.	No.
0.385	10000	1
0.390	4144	2
0.395	85453	1
0.400	50000	1
0.415	4350	1

Last trade - 12.10pm 07/10/2024 (20 minute delay)

OMH (ASX) Chart