Well not really. Considering that OMH exported 211 tonnes for the quarter to China and they even had a shipment brought forward from the December quarter, due to increase in demand. I think this stock is just hammered because so is every other stock.
The price of Mn will go down, I think we'll be looking at levels of 14-15 dmtu, which will give margins of 9- 10 dmtu. This is purely based on all commodities being downgraded while we all look at each other to work out this credit crisis. The Chinese economy, in my opinion, will bounce back harder in the 2nd half of next year, setting up OMH for a very healthy future.
On top of this I'm predicting a mine life upgrade of approx 5 years
chinese manganese imports decline 33pc in aug, page-3
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38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $295.0M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 40.0¢ | 38.0¢ | $18.33K | 48.16K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 38.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 77999 | 1 |
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| OMH (ASX) Chart |