The reason E25 went up in the first place was the speculation that E25 would make a profit or at least a small profit, however that hasn't happened its obvious E25 is losing money and will continue to do so.
Frankly, I cannot see E25 making a profit unless the AUDv USD$ stays at 72c and the price of Mn ore goes to US$7.00/dmtu. Neither of these will happen in the short term as the iron ore price increases the exchange rate will return to 75c.
If the Mn ore price goes up then South African mines will just ramp up further again depressing the price. E25 wants to ramp up too, this will also help to depress the price further.
Until high cost Mn ore producers go broke and close down then its back to low prices.
Ann: Butcherbird Manganese Project Operational Update, page-45
-
- There are more pages in this discussion • 46 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add E25 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.08M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.5¢ | $3.847K | 18.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 47676 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 152276 | 3 |
View Market Depth
| Last trade - 14.18pm 05/07/2024 (20 minute delay) ? |
| E25 (ASX) Chart |