Hey traydor, I topped up again on the dump today. Looks like someone has a margin call and are desperate to sell.
One traders disaster is another traders opportunity.
Looking forward to seeing what the new opportunity is for CMC in China as the reason given for cancelling the option issue to directors.
Should be a few good announcements coming re completion the upgarde of magnesium facilities to 20k tonnes p.a. and offtake agreements for continued expansion of facilities. As you say, those new car manufacturing facilities nearby will look to sure up as much of CMC's capacity as possible.
CMC Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held