Have to say I am surprised this has fallen this far from almost $3 a share. I will probably buy back in over the next few days as it is hard to see it going much lower. With ore at such high prices its hard to see them not turning a profit probably not in this quarter but definitely the next.
I dont see it as a long term hold though as the manganese price tends to cycle and how will they fare when the price is 3-5 $ dmtu when they are struggling to make money at more than double that.
Some on here see battery grade manganese as the golden egg but the sp needs to be much higher to prevent huge dilution and manganese is plentiful in the world, if one or 2 of the large mines have suitable ore and opt to produce battery grade material then the projected shortfall supply could disappear quite quickly.
At this price though definitely a buy
E25 Price at posting:
43.0¢ Sentiment: Buy Disclosure: Not Held
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