QMG 0.00% 1.0¢ quay magnesium limited

multi bagger ... what do you think, page-3

  1. 7,157 Posts.
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    Currently a $3mn mkt cap at 1c

    After the proposed share issue at 1.6c (a 60% premium) if the prive stays where it is it will be a $4.25mn cap company witngh $2mn in cash and a Magnesium producing plant worth anything up to $50mn that produces revenue and has support from Chinese banks when it needs it.

    I have bought some as a punt so I do have a (small) interest but I can't for the life of me see any downside.

    Have I missed something?

    And if I haven't what a bargain.

    The AGM is in 4 days I expect it to go up on expectation that the new share issue will be approved.

    I read the independent experts report from 22nd October ovr the weekend it all seems to make sense to me.

    Be happy

    EB
 
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Currently unlisted public company.

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