down 6% today, page-10

re: mn price down/plough there are broker reports on CSMs website I believe thats where I read the $3.99 a unit of Mn which woiuld work out @ around US 200.00 a tonne Mn @ 50% Mn in ore (i am guessing that the CSM ore is medium grade)
While you are correct regarding China's demand I would like to point out an oversupply of Mn is a lot easier to occur than an over supply of iron ore as it is not difficult for GEMCO South Africa Guyana or others to increase supplies at a moments notice, the reserves are already proved up! If you increase the supply the price will go down as is happening here.
The company's margins are going to go down considerably so the PE will to at least temporaraiy !