Hi all, Yesterday I emailed Peter Toth, our Managing Director, and expressed my concern at the massive shift in market sentiment towards OMH..... as shown in the current market depth. I thought some of you may want to see his response: Brian, thanks for the note, I believe two things are happening. The overall market sentiment is very negative towards steelmaking raw materials and while the manganese supply/demand fundamentals are a lot more robust than iron ore, we take the ‘sentiment’ hit regardless. Furthermore, looking at the timing of the share price weakening, clearly some of our shareholders are not supportive of the equity raising for the Sarawak project and unfortunately a large volume of stock has come onto the market in a short period of time. It’s challenging times but I believe the manganese market and the company fundamentals remain solid. Peter
OMH Price at posting:
32.5¢ Sentiment: Hold Disclosure: Held
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