Ann: Appendix 3Y - T Blackhurst-CMC.AX, page-37

I don't know how many people who invest that use Hotcopper have actually worked in big industry but it can be a sometimes daunting task to get a plant running but to totally change the process as CMC has chosen to do is MASSIVE & along with that comes some massive teething problems. I have never heard or worked in an industry that didn't have some teething problems especially plants where processes are radically changed, it's inevitable as the commissioning progresses.
I am NOT making excuses for the six years that has been stated of inactivity, I don't know if that's fact or fiction BUT from an Engineering point of view the changes they are making NOW to the plant are vast improvements which will result in the cheaper manufacture of magnesium & that's promising news for every investor.
I, for one, don't mind a subdued share price at the moment as I've been buying believing next year & beyond will realise solid gains & with current NTA of 5 cents/share there are significantly more companies with much less promise, one never gets a guarantee in investments just do your research, financial checks, look at demand for that service or goods & look at how much the company can provide it for.
CMC seems to be a good fit for my purposes anyway. Good luck all ! 00