I'd doubt whether OMH would be interested, they have two other Mn ore projects in WA that they partner with including BYH.
The first time that I have to agree to this user. OMH already owns a higher percentage (I think it's currently 49%) of an Mn joint venture in Bryah Resources (ASX: BYH), which also has a first-class manganese resource - I also own a stake in BYH!
In this respect, I don't see any takeover fantasy from OMH here.
The scoping study for the battery manganese will then be carried out by E25 in about 2 weeks. Due to the small loss of confidence in the most recently published figures, I personally do not expect a fireworks display, but it will provide a solid foundation to justify higher prices. The fantasy here is certainly still with a possible purchase contract with a large battery manufacturer or car manufacturer - in this case there will certainly be a revaluation of E25 and prices of 4-6 AUD!
The negative news is, in my opinion, priced into the current price of E25. Unless there is a significant slump on **promotion blocked** (endless issue of Corona or war in Ukraine), the price of manganese falls sharply or the traffic of ships collapses, I don't see any significantly lower prices here - a loss should also be for the next quarter be included in the current course.
I tend to see rising prices in the next few months: positive news (scoping study, repair / discontinuation of the system, nameplate production at the end of 2021 / beginning of 2022, improved logistics and lowering costs) are no longer included in the current price and therefore ensure a corresponding imagination in the next month.
E25 Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
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