your bang on butcher, just another example that the SP is not telling the story of what a company is worth and in particular CMC having said that, there was some talk of the initial IPO costings were still in line, Mg prices is staying wherethey are, China is now producing even more cars > 1 mio per annum
its been so long now its no point of throwing in the towel, shoes is ok, but whats another year when the directors hasnt sold 1 share and raisings has been done a premiums to SP ? almost 200 pct to todays SP!
I still think its run down to get whatever stale holders is left out and then they will cream it on the Hkg exchange 6-8 month into staple production lines running.
could be wrong ofc, but doubt it because the old wounds will come up here in Austalia should CMC ever gain credibility in reporting again. Its a tough one to crack.
CMC Price at posting:
13.0¢ Sentiment: None Disclosure: Held
