Merafe Analysis on track to R1.66 and about the company

The Cup and handle formed, broke above the Brim Level and now looks like it's heading on up.
The price above the 200MA is the first time since Sep 2022...
Target 1 at R145.
Target 2 R1.66

ABOUT

Merafe Resources is a mining giant company that was founded in 2005 and is based in Johannesburg, South Africa.

The company's primary focus is on the production of ferrochrome, which is used in the production of stainless steel.

Merafe Resources operates in partnership with mining giant Glencore, with the two companies jointly owning and operating the Glencore-Merafe Chrome Venture.

The Glencore-Merafe Chrome Venture is one of the world's largest producers of ferrochrome, with operations in South Africa, Kazakhstan, and Australia.

It has a market capitalization of over R2 billion as of February 2023.

Ferrochrome which is used in the production of stainless steel makes products like:
Stainless steel cutlery, Kitchen appliances, Construction materials, Medical instruments (Surgical tools and implants), Jewelry (e.g. watches)
Aerospace components (engine parts and turbine equipment), Electronics and the list goes on...