Currently a $3mn mkt cap at 1cAfter the proposed share issue at...

Currently a $3mn mkt cap at 1c

After the proposed share issue at 1.6c (a 60% premium) if the prive stays where it is it will be a $4.25mn cap company witngh $2mn in cash and a Magnesium producing plant worth anything up to $50mn that produces revenue and has support from Chinese banks when it needs it.

I have bought some as a punt so I do have a (small) interest but I can't for the life of me see any downside.

Have I missed something?

And if I haven't what a bargain.

The AGM is in 4 days I expect it to go up on expectation that the new share issue will be approved.

I read the independent experts report from 22nd October ovr the weekend it all seems to make sense to me.

Be happy

EB