I suppose management got no choice under the current down trend to cut expenses in all areas and I would imagine that they will keep a close eyes on near futures costs. All these are prudent steps as CMA has built really good solid operation bases (Meretec, Ecocycle, Shreader installations, Asia & US expansions, etc just to name a few) to take CMA to next growth phase when market tick up again......
This 10c base proven to be a really good support, so top it up if we ever going to see <10 again.
CMV Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held