Lets hope the next E25 Quarterly Report is in line with a proper production report, because so far E25 reporting is disgraceful. At current manganese ore prices I see E25 as breakeven at best, all the costs have gone up considerably. Thats why the Mn ore price has gone up, shipping has gone back up and the price of fuel and labour are increasing.
Now that I'm an E25 shareholder doesn't mean that I'm putting on rose coloured glasses like most E25 cheerleaders. I'll state the facts as I see them, although I do see an improvement from previous quarters.
Its about time that E25 files a proper Quarterly Report instead of 90% distracting talk about battery materials which are 4 to 5 years away from production. E25 needs to announce C1 costs as well as BCM production figures, grades and sales.
I'll be buying more E25 under $1/share as I see a reasonable upside from here.
E25 Price at posting:
$1.00 Sentiment: Buy Disclosure: Held
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