I believe that they have been on a roadshow around Australia the past week and are even perhaps over in Hong Kong at the moment. Not too sure that there will be any news for a while. Would be good to see some sales locked in and some cash flow from the magnesium sold at the gate to date. Between now and the end of the year, the alloy plant will be up and going as capacity reaches 20000t. From all accounts it is progressing well, however I am not too sure we can expect news until then.
CMC Price at posting:
32.0¢ Sentiment: None Disclosure: Held