raj
It may have something to do with the declining price of ore, the news on HPMSM is promising which I suspect lead to the rise but the price of ore is not so good, this is taken from the OMH quarterly report
Fastmarkets MB reported that the price of 44% Mn ore closed at US$4.41/dmtu CIF China at the end of September 2022, a decrease of 39.3% from US$7.27/dmtu CIF China at the end ofJune 2022.
Difficult to see E25 making good profits when the price is 4 to 5 $ when they failed to make money when it was 7 to 8.
I suspect the sp may come under pressure prior to December when I understand the feasibility report is due.
I am out for now but will be looking for an opportunity to get back in if it goes lower.
rajIt may have something to do with the declining price of ore,...
-
- There are more pages in this discussion • 4 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 |
| 20.5¢ | 20.5¢ | 20.5¢ | $1.227K | 5.987K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 24115 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 69378 | 4 |
View Market Depth
| Last trade - 10.02am 12/07/2024 (20 minute delay) ? |
| E25 (ASX) Chart |