CMC china magnesium corporation limited

Ann: Change of Director's Interest Notice - X, page-4

  1. 281 Posts.
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    re: Ann: Change of Director's Interest No... With the money spent I want to buy this stock but my concern is the lack of sales every quarter.

    Management seems to have delivered on plant, vertical integration etc etc. but auto industry on its knees and use of magnesium has been delayed. China is great at delivering plants that are moth balled because no off take agreement.

    Build it and they will come just isn't a reality.

    Unfortunately they will be forced to keep producing to ensure plant dynamics and cash will be sucked into working capital. No ones fault but there needs to be announcement of buyer of significant proportion of production.

    This stock will rocket if sales agreement announced, otherwise beware.

    As always DYOR and IMHO.
 
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Currently unlisted public company.

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