Frankly I'm very disappointed, E25 should've spent all their energy in getting the Manganese ore business firing properly. Maybe they realised from the start that they needed to do the greenie battery spruiking to get investors onboard.
As a manganese ore venture E25 is a total disaster.
What needs to be understood is that if E25 can't make it producing Mn ore for a profit and sell it to a willing buyer (OMH) who will buy every single tonne produced then E25 will never make it long term.
E25 couldn't get a better partner than OMH, its obvious that OMH is getting pissed otherwise why would a OMH senior management join the board.
OMH needs loads of manganese ore, its now the largest Mn alloy smelter in Asia outside China, E25 hasn't lived up to contracts or expectations.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-10
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23.0¢ |
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Mkt cap ! $50.57M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 24.0¢ | 21.5¢ | $30.40K | 137.5K |
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| No. | Vol. | Price($) |
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| 3 | 134017 | 21.0¢ |
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| Price($) | Vol. | No. |
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| 23.0¢ | 195 | 1 |
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