QMG 0.00% 1.0¢ quay magnesium limited

If anyone is interested, the website for QMG is...

  1. 7,157 Posts.
    lightbulb Created with Sketch. 160

    If anyone is interested, the website for QMG is here:

    http://www.quaymagnesium.com

    Have a look at the photo gallery and while you do repeat the phrase market cap $3.6mn at today's close to yourself.

    Now I am even more confused - that is quite an impressive asset and there is a strategic investor about to pay a 33% premium on today's close to acquire 125mn shares.

    After that we will have a $5.1mn mkt cap company sitting on $2mn in cash and this production plant.

    Sure I spent the price of a small car buying some today and I am up 20% at the end of day one so, so far so good.

    Still I keep asking myself ... what have I missed, it doesn't make sense as it appears to be free money for shareholders.

    One last time I ask ... have I missed something?

    EB
 
watchlist Created with Sketch. Add QMG (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.