My understanding is the excess power has to be held as inventory in the terms of the power contract. I also understand that this will be used to power the 2 new manganese furnaces for several years before the recycled heat project kicks in. I am not sure what else they could have done given their power requirements diminished during the maintenance phase which thankfully is almost complete.
Prices are still bumping along the bottom but will hopefully start an upward cycle in 24, I also hope to see silicon metal production which IMO will help the company's profile. Until then I see the sp price pretty much staying where it is right now.
I dont see them selling the Tshipi stake with the manganese price where it is but I think they will buy BYH manganese interests at some point.
I hope 2024 is better for OMH than 2023 has been
My understanding is the excess power has to be held as inventory...
Add OMH (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
47.0¢ |
Change
-0.005(1.05%) |
Mkt cap ! $360.1M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 48.5¢ | 47.0¢ | $37.90K | 80.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28000 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 24300 | 3 |
View Market Depth
| Last trade - 14.46pm 06/06/2024 (20 minute delay) ? |
|
|||||
|
Last
47.0¢ |
Change
-0.005 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 47.5¢ | 47.5¢ | 47.0¢ | 10694 | ||
| Last updated 14.46pm 06/06/2024 ? | |||||
| OMH (ASX) Chart |