I'm going in for a parcel - might be a high valuation in 'absolute' terms but I think there's still something left in it for new and existing shareholders. Coming on at the right time:
- FY18 earnings/cashflow set for a bumper year based on manganese prices tearing away these last months
- Company bought back stock at a 10% premium
- Cost cutting initiatives to follow
- Opportunity for acquisitions if manganese prices stabilise and encourage increased risk appetite
Will they do a share consolidation at some point in the future?
Let's see.
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