quarterly report - update, page-2

Well mkt liked the qtrly report and SP rose 14.3%. It's mainly good news although i would have liked to have seen actual production figures since plant was refurbished. However, they do expect 70,000 tons to be achievable when repairs are concluded over next few weeks. I'm not peturbed that manuafacturers are taking time to test SpehriChrome carefully beforeswitching over from straight Chromite. Its clear we have a superior product and rekease emphasises it's aimed at high-value production e.g. moulds producing accurate castings with minmal finishing. BMW et al are not going to switch casting material without a through research/testing period. Overall i remain optimistic SpheriChrome is a product with a big future and IDM as sole-supplier in a strong niche. The next quarterly results should be very promising. My take is: BUY on a moderate risk/high risk v very high reward opportunity.
Where will SP be in 3, 6 or 12 months? Impossible to say but 12months@24c not inconceivable. Manufactures have to reduce costs, and SpheriChrome is a simple method to achieve this.