All companies that deal with sweltering manganese and alumni.a have been hurting for a while. Hence the share price decline.
We are at the tipping point where smelters in Norway, Tassie, South Africa, are needing to close due to electricity prices.
Omh is looking good in this respect. 90% of my investments are in commodities due to there cyclical nature. That said omh is where its at for ferrometals.
All we need is more confirmation that companies such as s32, rio etc are shutting their smelters due to poor economics and game on for omh
OMH - Strong Sell, page-141
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Last
47.0¢ |
Change
0.020(4.44%) |
Mkt cap ! $360.1M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 47.0¢ | 44.5¢ | $6.948K | 15.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.5¢ | 11740 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OMH (ASX) Chart |