There is already 'cashflow' but it is anyone's guess as to what the income was last quarter and whether there will be repeated income, never mind profit. Could be metals trading, could be production, could be some other accounting adjustment. But given the way announcements have been framed compared to what eventuates afterward, and given this company is likely to trumpet from the highest buildings when they do actually make a profit, I am guessing many others like myself are extremely sceptical. And of course the other problem is China creates and destroys business opportunities at the stroke of a pen and who here thinks the FTA will give us protection and the right to sue and win a court case against the PRC if they at the stroke of a pen void all CMC's contracts due 'climate change'. I think the 'protection' afforeded byt the FTA is all one-way business as can be seen in large scale copyright infringements etc. That was why I was interested in Traydors reported article, but I cannot find hide nor hair of it.
CMC Price at posting:
4.5¢ Sentiment: None Disclosure: Held