Maybe some news coming regarding new opportunities which is the reason the option issue was cancelled in the interest of good corporate governance. It must be a good opportunity because the option issue would have looked even more sus if the sp shot up after an announcement re the new deal.
Notwithstanding that we are approaching completion of plant for the ability to pump out 20k tonnes p.a of magnesium. Everything is on time and on budget according to the AGM.
Offtake agreements should also be announced shortly so that the next stage of development can begin.
Its a busy few months coming up.
CMC Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held