Member Info for mattwales

at 10000 tons MNH turnover approx. $24.2m based on current market prices.

Acker apologies ur right.

if 38000 tons x 12 months equated to their $80m turnover (in the PREM MNH presentation report on their website)
.
then ur talking roughly $3m in lost turnover (this is with market prices which are roughly 15% higher now than the report)

actually I take that back googling...….they closed them 3 weeks.....

Namibia like every single country did not lockdown their mines.

orders took a 60% battering in the first quarter, even ferrari only managed a 4% dip.

How is this appropriate to comments of However your typical Aston customer is a high net worth individual, so orders tend not to take too much of a battering.

Then everyone harps on about well all the vehicles are sold out for limited editions.

You have absolutely no way of knowing what orders have been cancelled.

not at all acker ur transparent to all...u either sold or u sold and went short.

next time u buy in positive for 10 mins until u sell out. rinse/repeat

sold out again then acker.....

acker, not in an RNS he cant......

from earlier PREM RNS we're told MNH was profitable at the lowest market prices last year

manganese prices rocketed since then.

one tiny bit of good news is the stake in MNH they have agreed will mean half the dilution (based on current prices).

the more these guys align with MNH the greater the stability to PREM.

Acker, I like you I expect a commodities POP which is the last domino to fall before we rebuild for growth in economies.
If we look at every recession retail/banks get hit first, commodities last.

Steel demand with cars/plane production should be down right.

However, as soon as Governments meet a problem they are throwing more cash at it.

You also have big producers limiting supply and investment.
Anglo American is just one example across all commodites as they look to cut $500m operating costs and $500m in investment.

Governments are also trying to stall the nastiness by paying everyone...…..while I dont fully agree with socialism if they didnt do this we would have the worst bust of our lifetimes.

I think we'll have a very nasty recession/depression. Governments to counter this with infrastructure booms.

On the supply side however, with lockdowns they will still be producing just not as much and ports will be slower to ship.

you also have South Africa still under lockdown......manganese huge pits South Africa which should still add short term prices gains.

Acker, you do realise with the breakdown of Manganese prices last year, investment got stalled/cut like what is happening with oil.

Cut to a year later huge increase in demand for Manganese especially dioxide batteries and limited supply which is why prices are rising.

everyone complains about GR but at least his focus has been at last to go into producing assets.

His latest move to increase this stake to 17% and have a special meeting to increase share capital is a good one.
This dilution into MNH will continue and as we know MNH are producing revenue into expanding operations 3 fold by end 2021.

Even if they get halfway there to 20000 tons thats a turnover of $40m plus and profits of around $8m...17% PREMS.

GR can do very little about Zimbabwe but he will keep on adding more MNH in the meantime until MNH is reversed takeover fully into PREM.

RHA is frustrating the Zim Govt could just print off USD5m worth in dodgy Zim dollars hand it over tell GR to get on with it.

I anticiptate more delays yet i feel we will fully reverse MNH into PREM, which the market has yet to take into account valuation wise.

risk off is coming into play across the market we could easily repeat 13p low

rumoured to be looking for debt last month paying 15% again.....not bankrupt but not far off bankruptcy when this debt spiral unravels.

people taking profits having bought at lower prices. you cant blame them as economy heads off cliff.

debt at 15% on $100 million and 12% on $150 million shows how much trouble they are in.

interestingly all debt redeems 2022, u'd best hope they are in a position to at least pay part of it back by then.

do you believe they can refinance over £800 of debt redeeming the same time?