S32 was BHP’s spin-off from a year ago.
If that’s not enough of a deterrent for new investors, then the other discussion point is that while most (all?) brokers are publicly forecasting S32 to pay a dividend, word on the street is no dividend is really expected.
Finally, if you’re looking to take solace in the manganese price well, the fundamental outlook for manganese is just as bad as iron ore with supply growth and muted demand movement – read more about the iron ore, BHP and RIO outlook here.
