Interesting how they put plant rectifaction (impairment cost) as a cost for the year than being amortised as depreciation over life of plant, has made this years loss a lot larger than it could have been. Looks like if Mn keeps around $3 a dmtu they should break even this year. Have to think they are incapeable of running a mining plant when I see they are still skip loading ships instead of using an unloader rather pathetic also blaming poor plant design seems strange when they reached plant operating capacity in December but failed to maintain it due to not keeping the pits pumped out. Seems like poor operational management to me.. Will take my rights then sell down. Bootu should have been a cake walk as its a simple HMS process
OMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
