Why did BHP spin out S32 years ago??
Answer BHP doesn't like manganese and wanted to get rid of it.
BHP only buys worlds first class top quartile assets, like WMC's Olympic Dam.
E25 represents a bottom quartile asset.
You blokes need to start being realistic. The market has determined that E25 is currently worth $1 /share.
If E25 can turn a loss into a profit then there is some upside, whether E25 management can turn it around remains to be seen.
Hopefully they can, the next quarterly report will show whether they have turned the corner.
E25 Price at posting:
92.0¢ Sentiment: Buy Disclosure: Held
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