for plough, page-2

I feel it is good value saint, the reason it is in the doldrums is because:
it took around 8 months longer than expected to get its Mn operation underway because subcontractor walker went broke and previous Mn manager Mr tennant was not that great
Manganese prices came off their high
The last 6 months of accounts show a loss
THere is little news of the stock ie no Andrew Forrest pumping it
Shipments of ore seem lower in volume than expected IMHO
Its easy to oversupply the Mn market

I am still holding all I have (put that down to a mix of blind faith and being an ameateur.
Positives are the recent exploration was very sucessfull
Plant is producing Mn to spec
Excellent management
Great infrastructure Darwin Alice railway and under utilised Port