Still a few unanswered questions though. What is the magnesium price they are attaining on current production ? What is their margins ? Is there a discount to the advertised market price of magnesium within China ?
I have asked management these questions and they refuse to answer.
I hope that persistent seller has dried up. If Butcherbirds figures are close to true then this is a fantastic opportunity before us.
Butcherbird, why do you think the 25 cent options will not be exercised by 31/12 ?
CMC Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held