CMC 0.00% 1.1¢ china magnesium corporation limited

I love it the trading arm appears to be selling raw material for...

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  1. 17,111 Posts.
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    I love it the trading arm appears to be selling raw material for less than they are buying it.
    This company is now effectively a financial services company from what I can see and is toe to toe with Goldman Sachs in commodities trading!

    And I love that 2 million 'income' appears to be as a result of an apocalyptic decline in the AUD.

    And I love the clarity on potential debt exposure to off balance sheet entities.

    And I love the clear guidance on future developments, production and revenue.

    It's a going concern all right. I know exactly where it's going.

    Time to rebrand the company from CMC to CLC imo. Lots of money going through the machine.
    Last edited by asteroider: 25/02/15
 
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Currently unlisted public company.

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