Looking at the accounts, it looks like they are buying and selling Mg (maybe something else too). But if you look at the accounts if appears to me they sold stock for less than what they paid for it which is unsustainable. In addition to that they have huge ST liabilities and successive placements have not eventuated yet.
I am ropeable as I doubled up at 7c a few weeks ago only to find they appear to be playing me for a fool yet AGAIN.
Doesn't really matter what they say from now on wrt to timelines and plans. Who is going to believe them now?
Ann: Half Yearly Report and Accounts , page-18
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