CMC 0.00% 1.1¢ china magnesium corporation limited

Ann: Appendix 4C - quarterly , page-16

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  1. 1,369 Posts.
    Traydor, I have heard that line from the company for the last couple of months. It is BS that they can't come out and state what their plan b is or wtf is going on. I am guessing you heard this from a phone call? This might not be sorted for months and then we have to wait 3 months from then. JUST TELL US WTF IS GOING ON HONESTLY!

    Having said that, I don't think we will be RIP'ing any time soon. It still has plenty of cash and cash burn is very slow. They could always do a cap raising but I think they're avoiding this at ALL costs. I wouldn't tip any $$ in but there would be plenty that would still that have large holdings and it is either they tip in or their shares are worth zip.

    Management F'n suck!
 
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