It would be good to get a detailed quarterly activities report. So we have approx. $800k in sales. Would like to know what price per tonne we are getting and what our margin is.
Only $2.5 million left in the bank which isn't much. The company has stated that they don't need to raise any capital. Not sure about that.
The company's last preso which was for the AGM was just a rehash of old photos and a short statement that they are on target and on budget.
Must be plenty of news coming this quarter :
Confirmation of completion of 20,000 tpa magnesium plant. Offtake agreement to be able to proceed to the next stage of development. What is the exciting new deal they have been working on !
Anyone of the above should see rerate of the sp. I would also like to hear that the company does not need to raise any cash.
CMC Price at posting:
33.0¢ Sentiment: Buy Disclosure: Held