CMC 0.00% 1.1¢ china magnesium corporation limited

Ann: Appendix 4C - quarterly , page-5

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  1. 17,111 Posts.
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    Similar amounts going 'in' and 'out' (receipts/working capital) while their is no cause for either. Probably an accounting method to handle money moving around rather than real income. Probably to do with all these 'deals' that keep getting mentioned.

    I would not go far as to say it was money laundering, but I strongly doubt those 'receipts' are what any sane person would call 'income'.

    The real failing on the ASX and the reason I take such a dim view of so many companies is that retail shareholders like us are never allowed to see detailed accounts to explain this sort of thing.

    if it looks like a duck and quacks like a duck...
 
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