Hey lads don't worry it has totally stumped me why they have never communicated and promoted this stock. Why wouldn't you promote???????????????????
Its a hard place to do buisnees over there many have failed, and I think they should be commended for what they have achieved, we will never know who has been buying these shares on the way down, but to me they have the right company (Fengyan) and key directors in place to make the full 100 000 tpa. Look those other Asian investors were either Fengyan or someone else, and they either squeezed them down from the 30-35c which was originally announced or didn't have the money and Fengyan grabbed them.
It was a great move anyway better economics and downstream processing options. Look at the Capex for theses plant its bugger all compared to profit. But we will have to wait for quarterly sales before we see the proof in the pudding as they are very hush hush!!!!
CMC Price at posting:
8.0¢ Sentiment: Hold Disclosure: Held