Certainly overdue for an update. It'd be nice to know how Stanton is progressing along with the ramp up and smelter plans, etc
I guess they are gradually ramping up throughput at Unanderra as they mentioned in the half yearly. Lead price has come back a bit over the last few weeks so hopefully competition for waste batteries has eased off a bit. Market cap of the company is back under $35 million which is surprising considering first half profits of $3.6 million. Even if the company only half matched that in the second half due to the weakening lead price and strong A$, the company will still make around $5.5 million for the full year at worst IMO. Certainly make a tasty addition to the bottom line of any potential predators. Back to the waiting game!
Cheers, xmagx
HMC Price at posting:
0.0¢ Sentiment: None Disclosure: Held
