"the share price has fallen back down to nearly the low's seen in 2021."
Yes its worth a punt at the current share price, so I bought some E25 at the bottom.
The Mn ore price has risen slightly and the escapades in the Ukraine could see higher Mn alloy prices which will feed into Mn ore prices. Yesterday the ferroalloy market and prices went into a deep freeze with sellers deciding to hold onto their metal a little longer in anticipation of higher energy prices will force producers to raise their prices.
The oil price is a concern now at US$98/barrel and the shipping prices increasing.
However E25 under $1.10 its worth a punt. The next report will be a decider, if E25 makes a few dollars then its possible to see $2/share again. If E25 makes another loss then I'll be binning my E25 shares in the closest trash can.
E25 Price at posting:
$1.10 Sentiment: Buy Disclosure: Held
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