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
QMG Price at posting:
1.2¢ Sentiment: ST Buy Disclosure: Held