CMC 0.00% 1.1¢ china magnesium corporation limited

Ann: ASIC Form 484 - Cancellation of Shares, page-20

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  1. 482 Posts.
    What is puzzling is why management aren't using the buyback mandate to support the share price. They can buy at up to $0.07c but aren't........ what are they waiting for, $0.01c ? I bet Feng Wang is spewing, he paid A$3 mil for a 12% stake back in April..... If he'd kept his powder dry he could have had closer to 40% by now.... hopefully all will be revealed in the next quarterly..
 
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