OMH - Strong Sell, page-4

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.

Nothing is going right until alloy prices recover. OM also has something like $510 million in debt as well as of 31 Dec.