ANM advanced magnesium limited

admiration

  1. 98 Posts.
    ANM has surely impressed today even on low volume as it went up on bloodbath friday - 5th August 2011. The company has a lot of positives -:
    1. Manufacturing facilities located in China, servicing Chinese manufacturers and plants at full capacity.
    2. Chinese economy slowing to 8.5% growth - any other country want a piece of that...
    3. Vertically integrated acquisition underway through Magontec...pity they didnt wait another month or two as the purchase price may have been lower, increasing the upside for ANM.
    4. Facilites and sales office in Europe with an experienced Managing Direcor of Maontec joining the board of ANM ...Welcome
    5. SPP raising underway and should be solidly supported - I know I did.
    6. The company will be well positioned to capitalise on their scale in the magnesium sector.

    I think that once the acquisition is bedded down and the results are incoporated into the ANM accounts, that the company will be re-rated as an industrial stock int he heartland of China and Germany, the two V8 economies of the world.

    DYOR and review the fundamentals.
 
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Currently unlisted public company.

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