Ann: Annual Report to shareholders , page-7

Two things appear to me to have been deliberately tanked into the ground here, and one of those things is the share price.

The important question is which faceless entities are lined up for either a very low ball dilution or for taking over the assets when and if this goes into administration.

Sure looks like just another in a long line of failed magnesium fantasy ventures into China for ASX investors. But that doesn't mean that someone isn't going to clean up here and make tens of million on some cheap assets. I am sure they are salivating at the prospects.