Hmm, not so sure really. Something else is driving this at the moment and it is not the price of manganese. I have a feeling this is being pumped for the dividend. Watching the manganese price closely at moment. Although, fundamentals seem screwed at the moment, all over really. Have to research this further but heard on the radio that Chinese steel was at a record production or something today. Prices would reflect production you would think, however, perhaps future production is now being priced in and the cycle is in reverse aka towards 2016. Hard to tell in this environment what is going to be the long term outcome.
Ann: Annual General Meeting - Live Webcast Details, page-41
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