Article in today's Australian. Spot on with OMH. Very promising that they are a major shareholder in SRR. Seems they might be spot on the money here. Atlas Iron also a major supportive shareholder.
Crazy not to get in on ground level here. Cheap at .19cents. This could definitely be a multibagger. Chart looks very positive as well.
"The falling demand for manganese is the short-term situation. Longer term, of course, steel production will pick up and manganese will again be in strong demand, and we will almost certainly see a return to the high contract prices that were locked in for 2007 and some of 2008.
And you have to remember that the weaker players will be going to the wall.
Northern Territory manganese producer OM Holdings said this morning it was expanding its product range to take advantage of new market opportunities. It noted that many higher cost, low grade Chinese domestic and marginal seaborne ore producers were not economic and - most importantly - were ceasing production at these present low prices."
SRR Price at posting:
17.6¢ Sentiment: Buy Disclosure: Held
