your figures are correct but you are assuming the highest price this year will be maintained for 12 months. If you take the lowest price this year and do the same calculation it doesnt look so bright, just above break even. Manganese prices can fluctuate wildly in a short period. I am not selling all my holding just 4%. Red Rock are also participating as I understand it. Are they and the 2 directors all mad, thats not my opinion?
Manganese price chart looking healthy, page-47
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30.5¢ |
Change
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Mkt cap ! $597.8M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.3¢ | 30.5¢ | $457.9K | 1.487M |
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| No. | Vol. | Price($) |
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| 1 | 25000 | 30.5¢ |
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| 31.0¢ | 143349 | 6 |
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