Bene449Try and Remove your rose tinted glasses and actually look at the facts below stated by the same poster who caught out Rocket 3 times this week and now Rocket is Back peddling ..changing his statements and admits his huge losses due to been emotionally attached....
You are just as bad.... I’m here to talk about OMH ,however you seem determined to try and provoke me into some debate about other manganese (High Grade stock)... unfortunately for you pal ... I’m not biting
You would be better off joining Rocket and placing me on ignore, I for one will be watching OMH dwindle back down to where it belongs
Remember.....OM Holdings has something like $510 million in debt as of 31 Dec.
As quoted ....
Be very wary about PE ratios of OM as these earning numbers are unlikely to be repeated in the medium term. Bootu Creek is gonna run out in 2021 as well and this is a major contributor to earnings (about $95m in earnings).
Bootu Creek is not in the bottom quartile of costs so not much room for error if manganese prices go south (Already happening with the trade war) and/or production/grade issues occur (flagged a few times in last 2 quarterlies).
Marketing, sales and logistics are likely to take a hit from lower volumes.
Contributions of OM sarawak are not getting any better.
Easy to see why someone would want to short OM.
And a share price that is tanking , just in case you forget where OMH was 12 moths ago , I have attached a chart
From $1.70 to today’s price of 0.73c
Speaks Volumes to me
Just Saying
