Quote "Either way at current $4.33 price they are looking at 50%+ margins which is incredible cashflow"
Current price is US$4.52/dmtu, so margins are getting even better. Pity JMS isn't on the market as the share price would be rocketing. Although looking across at OMH which OMH shareholders effectively owns as much of Tshipi (due to lower number of OMH shares) hasn't been recognised by investors yet.
GLOBAL MANGANESE WRAP: Low grade ore prices jump; steel production curbs spook Chinese alloy market
Low grade manganese ore prices jumped on Friday August 11 as miners raised offer prices, citing continued strong demand and a stronger steel sector.
Metal Bulletin’s 37% manganese ore index, fob Port Elizabeth rose 19 cents to $4.52 per dmtu.
- Low grade ore prices jump 19 cents
- Steel production restrictions turn alloy sentiment bearish
- Indian silico-manganese prices edge up
- European silico-manganese prices weaken
- Ferro-manganese prices keep rising in the USA
Metal Bulletin’s 44% manganese ore index, cif Tianjin rose 5 cents to $6.08 per dmtu.
Sales and offer prices reported to Metal Bulletin in the week to August 11 by suppliers outside China were almost all above $5 per dmtu.
Quote "Either way at current $4.33 price they are looking at...
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Last
24.3¢ |
Change
-0.023(8.49%) |
Mkt cap ! $480.2M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 24.0¢ | $4.803M | 19.54M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 953995 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 504407 | 16 |
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| Last trade - 15.55pm 31/07/2024 (20 minute delay) ? |
| JMS (ASX) Chart |