I cant see them in administration...yet... They still have $3.1m cash and staff costs are only $1.2 per year, so it could be a few years... I cant see anybody investing here. I reckon not one shareholder would put more in. Why buy at 4 cents when the last price was 3.5 cents. There has been no announcement or even a hint of new activity. The Phase I,II,III plans have been shredded and are a distant memory. These plans were what we believed were somewhat credible...even if only to Phase I. That would have been a fine effort. But nothing!! Exactly what are investors getting for their 4 cents???? Not even a fantasy.
CMC Price at posting:
3.5¢ Sentiment: None Disclosure: Held