I feel the manganese purchase that is in the final stages of due dilligence may be one of Tony Sages most astute buys to date.Having researched the manganese market it is apparent that demand for this commodity is set to increase due to its high strength low weight properties.This is particularly apparent in the auto manufacturing industry wher manufacturers are under pressure to reduce the weight of their vehicals to reduce emissions and fuel consumption.The most effective way to acheive this is to use high strenght low weight metals and alloys,and this is where demand for manganese will increase significantly.Tony may have positioned chm beautifully here i feel.With 20mill in the bank and management with plenty of skin in the game the future looks bright for chm.
CHM Price at posting:
16.8¢ 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)