Obviously losing money even faster than I thought. Its impossible for E25 to make a profit at current manganese ore prices.
I've tried to point this out, if the E25 can only break-even when the Mn ore price is at record highs then what chance does the company have when the Mn ore price is sliding lower and lower by the day.
You won't even have a clue till the next quarterly report.
If E25 isn't profitable mining and shipping manganese ore then the company will never be successful.
Looking through rose coloured glasses will not make the company profitable.
I smelt a capital raise. Glad I'm out.
E25 Price at posting:
$1.44 Sentiment: Sell Disclosure: Not Held
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