I'd be wary of the problems that S32 is facing in South Africa and Mozambique. The power situation is getting worse by the day. Load shedding is happening a few times a week. Eskom and Nersa are heading to court this week, re further escalation of power prices. Manganese alloy business is hanging over the edge of a cliff, and the aluminium smelting in South Africa is looking nearly as bad.
The next financial report will tell it all. Manganese alloy smelter in Tasmania will most likely shut down or be sold if they can find a sucker.
Eskom mulls new maintenance strategy that would leave 5 000 MW gap for two years
6th January 2020
http://m.miningweekly.com/article/e...ap-for-up-to-two-years-2020-01-06/rep_id:3861
Eskom concerned over high level of unplanned breakdowns
09:56 (GMT+2) Sat, 04 Jan 2020
https://www.algoafm.co.za/article/d...erned-over-high-level-of-unplanned-breakdowns
I'd be wary of the problems that S32 is facing in South Africa...
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Last
$3.37 |
Change
0.060(1.81%) |
Mkt cap ! $15.26B | |||
| Open | High | Low | Value | Volume |
| $3.30 | $3.38 | $3.30 | $66.35M | 19.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 23749 | $3.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.38 | 132332 | 27 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$3.37 |
Change
0.060 ( 1.80 %) |
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| Open | High | Low | Volume | ||
| $3.31 | $3.38 | $3.30 | 19512433 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| S32 (ASX) Chart |