Im guessing ( hopeing ) that an insto - maybe HSBC is getting out for what ever reason. Once the stock over hang is gone we should see so upward movement especially if the quoted targets are met. The 20,000 tonne production by years end should have a positive effect. If Lodge Partners research report is near the mark they are predicting a 50% div in 2015 ( on 30c sp ) so Im happy to wait. CMC is very tightly held with top 20 owning over 60%, I personally see a lot of upside.
cheers gmc
CMC Price at posting:
30.0¢ Sentiment: LT Buy Disclosure: Held