new year post.....correct thread, page-5

>Valuations of many companies in current market seem off!

A factor of most Australian investors being risk adverse (unless real estate).

Having said that if the profit margin matches the estimates and magnesium prices are relatively stable, the SP (without significant dilution) should be many multiples the current level.

>A strengthening USD is important to bottom line.

I suspect the magnesium will be sold locally.

>Coal announcement aint a biggy, perhaps sales agreements and confirmation will see this rise steadily.

I was speaking with a fellow CMC investor, who felt the same. I see the sale agreements as fairly predictable and guaranteed, with the coal acquisition greatly impacting on the margins. Either way, look forward to hearing about both.