Yea ugly, didnt expect this, looks like it will test $2.
But the company hasnt changed, it has a NTA of 2.38, I read CITI or someone expected a write down of $500M on manganese, which is around 5% which could take NTA down to $2.26. I think all their other assets are good, it would be disturbing if there where more writedowns. All the analysts i read expected its fair value above its NTA.
Im expecting it to come back, but might take months.
Its always darkest before dawn.
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Yea ugly, didnt expect this, looks like it will test $2. But the...
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