Ann: Change of Director's Interest Notice - X.Liang, page-14

Here's another absolute plum!

http://www.theaustralian.com.au/bus...a-magnesium-corp/story-e6frg8zx-1225933013492

he says:

Mr Blackhurst said the raising would go towards upgrading the existing plant, adding that the company had letters of intent for 50,000 tonnes of magnesium alloy from two companies that already purchased the product from their operation.
"We have letters of intent for over 100 per cent of our capacity," he said. "When we reach 105,000 tonnes our magnesium alloy won't travel more than a 100km from our plant".

So my questions is: isn't it three years overdue that this company changes it's name from "China Magnesium" and changes it's sector to "Financial services"?