OMH 2.67% 38.5¢ om holdings limited

OMH - Strong Sell, page-36

  1. 12,238 Posts.
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    Who cares what these posters think, they're serial downrampers  and judging from their own investments they've little knowledge of OMH but their own stocks too.
    While other smelters are closing down and going broke, OMH is  at full production and all product is being sold.
    Any smelter with expensive power is grinding to a halt. Hernic is the next one to go broke in South Africa and they since can't sell their furnaces then the liquidators  will sell them for  scrap. "the liquidators are considering selling the smelters as scrap".
    https://intherightvein.com/2019/08/12/hernic-smelter-might-be-sold-for-scrap/
    Samancor had looked at buying the furnaces but have walked away. Without cheap power smelters aren't profitable in the current market, S32 has  announced the problem of cheap power in Malaysia making their FeMn and SiMn production uneconomic. S32 will close their smelters in Tasmania and South Africa latter this year.
 
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