"In the 2014 annual report it was projected that the Pingyao plant would contribute to positive cash flow by 1 March 2015. Pleasingly we achieved this in the September 2014 quarter, and maintained positive operating cash for the ensuing quarters to 30 June 2015. As a result the ASX no longer requires the company to now file quarterly Appendix 4C Cash Commitments reports."
So a $2000 sale constitutes "contribution to positive cash flow" according to CMC.
But there is no positive cash flow, and even if there was, how the hell can a sale of $2000 be positive for any plant. Do we assume there are zero costs?
Maybe sell at 2 cents and buy lotto tickets. Much the same odds I reckon...sadly after all the fairytales earlier.
CMC Price at posting:
2.5¢ Sentiment: None Disclosure: Held