Ferroglobe PLC GSM

Metals & Mining Industrial Metals & Minerals

Ferroglobe PLC is a producer of silicon metal and silicon-based alloys, variety of industrial and consumer products. The Company operates through four segments: United States of America, Canada, France, and Spain. It is involved in quartz mining activities in Spain, the United States, Canada; and South Africa, low-ash metallurgical coal mining activities in the United States, and interests in hydroelectric power in France. It sells its products to a diverse base of customers in a varied range of industries, such as aluminum, silicone compounds used in the chemical industry, ductile iron, automotive parts, renewable energy, photovoltaic (solar) cells, electronic semiconductors, and steel. Its solutions include silicon metal, manganese alloys, ferrosilicon, foundry products, calcium silicon, silica fume, electrodes, pulverized products, silicon for advanced technologies, and other. The Company's subsidiaries include Ferroglobe Finance Company PLC, and Ferroglobe Holding Company Ltd.

NDAQ:GSM - Post by User

Ferroglobe PLC

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Post by tooclassyon Jun 18, 2008 5:10pm

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Post# 15200941

Today's news

Some thoughts on today's news...

"Drill hole MCC-63 intersected the Lode 50 metres to the north of the resource area, thereby demonstrating a potential increase in its size."

"GSM is presently examining 22 core previous drill holes in the area to document and sample the upper horizon. It has potential to provide another continuous high grade zone and could significantly increase the size of the McLean Lode."

Today's news lays the groundwork for confirming a larger gold and silver resource at Monte Cristo. I believe that this will become a more explicit focus of the company moving forward. GSM has said so in the quotes above.

It was also nice to see all the stock below 9 cents cleaned out, which makes sense since the stock has been so oversold.

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