I took my own advice and bought more OMH yesterday and will buy more today if it goes down further, can't resist a bargain especially after reading that Quarterly report. Pity that most OMH shareholders don't have a full understanding of the alloy business, and don't realise the profits being made. You only have to look at the latest Vale Report which shows in detail the huge profits being made on manganese ore and manganese alloys.
Vale Report page 31
http://www.vale.com/EN/investors/in.../ReleaseDocuments/2017 3Q Vale IFRS USD_i.pdf
The average manganese alloy price was US$1,380.30 per mt in the third quarter vs. US$1,265,35 in the second quarter of 2017 and only US$806.45 in the third quarter of 2016.
OMH gave an insight into some of the prices received in the report ie
"Platts reported that prices of FeSi to Japan closed at $1,380 per metric tonne at the end of September 2017, up from $1,215 per metric tonne at the end of June 2017. "
OMH costs are around US$800/tonne, so at US$1380 there is a US$580/tonne profit x 45,899 tonnes
- Forums
- ASX - By Stock
- OMH
- Ann: Quarterly Update
Ann: Quarterly Update, page-13
Featured News
Add OMH (ASX) to my watchlist
|
|||||
Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $291.1M |
Open | High | Low | Value | Volume |
38.0¢ | 38.0¢ | 38.0¢ | $9.405K | 24.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 25000 | 36.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
38.5¢ | 5168 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 21010 | 0.360 |
1 | 10000 | 0.355 |
1 | 5780 | 0.350 |
1 | 10000 | 0.340 |
2 | 31500 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.385 | 5168 | 1 |
0.415 | 4350 | 1 |
0.440 | 2358 | 1 |
0.455 | 6528 | 1 |
0.485 | 11740 | 2 |
Last trade - 13.34pm 30/08/2024 (20 minute delay) ? |
Featured News
OMH (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online