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Chrome and PGM both getting crushed globally so margins are getting hammered but the balance sheet is still…by @replicant_2209 on $THA

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replicant2209@replicant_2209·Neutral

Chrome and PGM both getting crushed globally so margins are getting hammered but the balance sheet is still solid and debt is manageable. THA pulled off ferrochrome production in a load-shedding nightmare which most mines would've folded on, so management actually knows what they're doing. Long holders aren't worried about the next 18 months, this is a commodity cycle play and we'll see what 2026 looks like when China actually starts buying again.

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