E25 19.1% 25.0¢ element 25 limited

Ann: Suspension from Quotation, page-15

  1. 12,103 Posts.
    lightbulb Created with Sketch. 1759
    To make matters worse the manganese ore price has collapsed as well. Now down to US$4.43/dmtu CIF China.
    Losses will increase further.
    It costs A$127/t to the mine gate = US$2.80/dmtu
    It cost A$201/t to the port = US$4.43/dmtu
    Freight cost is US$18/tonne = US$0.60/dmtu
    Discount to OMH for buying and selling in China 10% of selling price = US$0.43/dmtu

    By my calculations at the current Mn ore price E25 =US$4.43 + US$0.60 + US$0.43 = US$5.46/dmtu

    So E25 is losing US$1.03/dmtu or A$47/tonne.
    On 300,000 tonnes annually = A$14 MILLION LOSS
    Sounds like good business.
    OMH is doing OK they make a profit regardless.
 
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25.0¢
Change
0.040(19.1%)
Mkt cap ! $54.97M
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21.5¢ 26.0¢ 21.5¢ $22.23K 90.37K

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1 35000 23.5¢
 

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26.5¢ 20000 1
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