The market has been really volatile of late. Many of the stocks followed on HC have followed suit. The postings on OMH have been almost non-existent, indicating there's not a lot of interest in this stock that has returned over 900% in the last 12 months.
If you talk to the company about what is driving their resurgent share price and you'll learn that they are firing on all 3 cylinders i.e. Bootu Creek production is being optimised as manganese prices are continually firming, refining operations in China are doing the same, and manganese trading is earning strong revenues.
A 2c dividend is about the paid for the past 6 months, and management suggest the next 6 months should be even more profitable which should also be reflected in increasing dividends.
I understand that a number of institutions are currently onsite at Bootu Creek. If impressed, they may well bid up the price to get a slice of the action on a tightly held register. OMH also announced today they are looking for a secondary listing on the Hong Kong exchange. We all know how the Chinese are looking for opportunities in the resources sector....OMH could be the next one to fly especially given the dwindling numbers of manganese producers in the world.....ConsMin production is about to be taken out of global supply. OMH is a sitting duck IMO.
I've ridden this for a while now and believe the best is still to come.
Cheers
Spec
OMH Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)