CMC 0.00% 1.1¢ china magnesium corporation limited

Beginning of page 10: requires immediate additional profit to...

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  1. 17,111 Posts.
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    Beginning of page 10: requires immediate additional profit to remain a going concern. Eeep.

    End of page 11. Anyone else concerned the 'financial consequences' of the agreement are not yet understood?
    Can anyone tell me what the huge increase in current liabilities is related to? .... given they made 'positive net income'.

    I can't post publicly what I think is going to happen soon. The opacity makes me even more convinced. Watch where the assets end up after the process runs it's course.

    I really have to stop investing in Chinese ventures listed on the ASX. Every single one has been a complete and utter loss so far. Hard to believe the public companies are such poor performers given the huge economic growth over there. Understand that and you understand the very nature of publicly listed Chinese ventures methinks.
 
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Currently unlisted public company.

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