exberliner1, I bought in today as well,this could go well though there is a couple of things to consider in the independant report.
1. Essentially company must take offer as they only have 200K in the bank, if not game over.
2. Mr Kai Fan will have controlling interest of 42.45% undiluted.
3. It seems the company has had issues with obtaining supply of pure magnesium at a fixed price to produce their alloys,and in turn issues with customers also wanting long term pricing. This is apparently being addressed with letter of intent to acquire beneficial interest in pure magnesium plant.
4. Who is offloading shares,maybe another large player getting out,not sure if this matters but worth a thought.
Interested in any thoughts, but i cant see why it wont get to 1.6 cents or better
QMG Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
