Merafe

[platsak]

Merafe has opened recommisioned additional smelters bringing their capacity up to 60% on stronger ferrochrome demand. Things are starting to look better.

[#2]

Ferrochrome priced in pounds, and rand is weakening, so if the pound has stopped its down rally, things are looking great for MRF. I sold last week, now just got in again

[SimonPB]

nope, priced in US$ .. the pounds is wieght ..

[#4]

Ja, silly me, m bad. Still, future looks bright - but can 4 furnaces really give them 60% production capacity? I thought they shut down 17 out of 20 furnaces?

[SimonPB]

the sens seemed a bit vague, because yes they shut 17 of 20 .. so maybe they have got 4 furnances up to 60% capacity, with the other 13 still moth balled and the other 3 running full steam ??

[#6]

Ja, vague in deed. But from a value investor point of view, if they can just maintain their cash reserves over the recession, then this share looks great for the future - providing Eskom doesn't f!#$ it up for everyone

[#7]

4 oonde is baie,jul praat van omternt 80ton elke uur op 4 oonde. ek glo hul gaan eers stock pile op bou.......OMO