Mr Low spoke that their decision is more conservative during the uncertainty trade war period. They modified the furnace with only couple of million to smelt higher value add types of minerals. They will be more demanding on roi during uncertainty. They will pare down debt if no great opportunity. If great opportunity come in they have enough fund to buy. They are renegotiating better financing term with the bank.
Many Malaysian institutional expressed interest as they mirror image Press Metal's (30X PE) great result as OM Sarawak and Press Metal are having the top 5 % cheapest cost smelting furnaces.
Overall, shareholders are very appreciative with the company’s performance.
I hope more selling. I can accumulate before institutional come in.
OMH Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
