EA
EasyStreet@easystreet_jse·Bearish
Man chrome prices have been absolute dog for ages, and merafe's margins are getting squeezed hard. R1.28 is looking thin when you think about the capex they need just to keep pace with Isos and Glencore's ferrochrome ops. Long term the stainless demand story is still there but shorts are having a field day on the rand weakness and load shedding drama. Frustrating as hell though cos the assets are solid, just timing that's killing it.