I agree. It's what's missing which worries me. If you want to see how a Manganese producer with nothing to hide reports their results, I encourage you to look at Jupiter Mines (ASX:JMS) quarterly. I have requested this level of detail from E25 and received an unsatisfactory response.
I suspect E25's concentrate grade falls well short of the 30-35% they are targeting, hence the sales revenue they are receiving is underwhelming.
DMS (Dense Media Separation) is probably the answer but it represents a capital outlay they seemingly don't want to incur (at this stage).
Ann: Quarterly Appendix 5B Cash Flow Report, page-16
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Last
25.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $55.47M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.5¢ | 25.0¢ | $40.03K | 160.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 124704 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 109998 | 2 |
View Market Depth
| Last trade - 16.10pm 09/05/2024 (20 minute delay) ? |
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Last
25.0¢ |
Change
0.000 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 25.0¢ | 25.0¢ | 25.0¢ | 19416 | ||
| Last updated 15.18pm 09/05/2024 ? | |||||
| E25 (ASX) Chart |