Another nothing day yet commodity leveraged stocks continue their run. Will cringe if the next annoucement is along the same lines as the previous one's ie. 'we are pleased to announce that we have exported circa 37,000 tonnes of high quality manganese' and state nothing more.
Time for some future guidance and commitment to ship out what was stated would be in the PFS. Nine months thereabouts in production, need to step out if Kindy and at least move into High School.
On a positive front I'm looking forward to seeing bidding prices following tomorrow's auctions re. Manganese prices in Tianjin. We could possibly see prices closer to $7.00 dmtu. Just have to look at what has happened to Nickel prices following the Russian imposed bans! Not withstanding that manganese makes up already 1/3 in NMC batteries. Maybe this will need to change and become a more substantial commodity in the make up of EV batteries
E25 Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held
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