CMC 0.00% 1.1¢ china magnesium corporation limited

Ann: Notice of Annual General Meeting/Proxy Form, page-21

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  1. 430 Posts.
    the current rise in SP (imho) is not sustainable unless they provide solid data on production/cost and a stable / increasing revenue stream. I am still unclear what margins they are operating on.

    If you look at the qtly yes there are customer receipts of 1.6 mill against staff cost of 300k, sounds good, but revenue is not necessarily only selling of magnesium. Secondly there is no indication on the cost of production, eg raw material, transport etc.

    We have no idea to what extend they are profitable at this stage, if at all.
 
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