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Manganese price outlook strong - Australian miner
Mining Weekly, South Africa - 31 Oct 2005
... The price rebound in China is reflected in firming manganese alloy prices worldwide, with alloy prices increasing in recent weeks by 5% to 10% in the United ...
Perhaps the AGM comments relating to 1st quarter price weakness was a historical reference and the market was about to move up again.
If Kiernan thought price weakness would continue his contract would have been left for an EGM when the sp would have been weaker and the resolution more likely to be approved as the Bonus $'s would be less.
China can play pre negotiation games and use up inventories but BHP / RIO know about the projects / requirements / growth of China.
If the games went on too long the kick up would be explosive - you can't produce without raw materials. I have not heard of anyone suggesting much of a slow down in the Chinese economy.
The share price fall was overdone.
All the Analyst / Broker valuations of $4 DCF use conservative future price inputs.
Time will tell.
CSM
cosmo gold limited
Google search manganese price click on NEWS for the...
Currently unlisted. Proposed listing date: TBA
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