Have a look at the last report we are not on care and maintenance.
"During the year CMC completed the installation and testing of semi coke crackers. This allows CMC to commence magnesium production using semi - coke gas instead of coal to gas facitlites "
"No Trading of magnesium, semi coke,tar oil or calcium metals occurred during the year , as CMC completed the installation and testing of crackers"
"CMC has now substaintially completed all the necessary to commence production. We are encouraged by the co-incidental mid year recovery in magnesium prices."
And they will be cash flow positive by the end of April....
Game on!!!!
CMC Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
