There's a kernal of truth in what you say -- demand is definitely soft -- but there's a massive difference between soft and 'done' -- there are many reports available on manganese if new investors want to do real DD -- don't invest on the basis of anything you read on these totally self-interested boards (we're here for entertainment purposes only...)

With that in mind...

On purely technical merits it looks like a risky entry point as the stock has yet to establish a base. For all retail investors your position should be very small as these plays are rolls of the dice. My perspective is to simply hold and see where we land in another 18 months or so. I do like the progress they are making on the project management side so by venture standards this seems like a reasonable bet. However, like all venture plays the downside can be 100% so keep these very weird beasts in perspective. As teevee says insiders can often deliver a nasty diliutive message once things start heading south.