Interesting how S32 have failed to update the market on the current state of affairs on Groote Eyalndt. Considering currently GEMCO operations supply approx. 15% of total world demand for Manganese to have production completly stopped for months and the Shiploader destroyed likely to never be able to be used again I would have thought updating the market would be mandatory. They still have no idea of when/if operations will resume and at what cost to the business. I understand this is only a small portion of the whole business however this is a large percentage of annual profit a Groote Eylandt is one of their most profitable projects.
Ohwell see what comes of it.
DYOR GLTAH
S32 Price at posting:
$3.19 Sentiment: Hold Disclosure: Held
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