Ann: Change of Director's Interest Notice - X, page-6

re: Ann: Change of Director's Interest No... pittwater,
the lack of sales is due to not producing anything substantial. Nothing will happen till they get some dough.

from the last half yearly:
"The half-year to 31 December 2012 includes minimal-scale production (83 tonnes of pure magnesium over the half year), from the upgraded and expanded magnesium plant in Pingyao (Shanxi Province, Northern China), which commenced in late
October, albeit at a very small fraction of its nameplate capacity. Upon recommencement of production following integration of the new and old plants, activity in the period was severely limited as negotiations to finalise local working capital funding in China, which the Directors believe is the most appropriate funding option for working capital at the magnesium plant, became protracted for reasonsoutside CMC’s control. There has been negligible alloy production as the typical customer delivery and payment terms require 60-90 days of working capital(hence the need for working capital financing)."