E25 could've raised $50 million to $100 million at 50c/share if E25 had the brains to announce restarting the Butcherbird mine.
Frankly E25 management need to be sacked as I consider that they're totally incompetent.
The price of 44% grade Mn ore is now at US$9/dmtu and while some idiots on this forum state that you can't re-start a mine in 5 minutes, the fact is if you don't re-start it then you lose as the mine stays shut.
The re-start of the mine should've been announced the day after S32 was hit by the cyclone.
Eramet (Comilog) raised its August manganese ore prices to $9 per dmtu for 44.5% Mn, 5% Fe material, c.i.f. China and its 43% Mn grade to $8.80. Meanwhile Eramet is undergoing a tax audit in **on, the location of its manganese deposit due to a ongoing tax dispute.
E25 Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
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