CMX 2.13% 4.8¢ chemx materials limited

Ann: CMX 2022 Annual Report to Shareholders, page-2

  1. 1,788 Posts.
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    CMX need to give time frames for each project, but they cant because they are being so tight with their cash. HPA plant, time frame. Maganese, time frame, REE and kaolin, time frame.
    They have stated what they've done, but seriously for a company with close ties to GL1 they are extremely slow.
    Over 9 months and no one seems to give two craps about us. I remember hearing from David back in May about ITM and he said what they are doing was exciting and they were only a few months behind them. Well that is not the case.
    They have put the company in a bad position because we need cash to move forward at pace, but to cap raise at this shit price would be a horrible thing to do. They need some kind of offtake, MOU, partner or someone that the market respects enough that we can break 30 cents, bounce around 40 and then MAYBE cap raise in the 30 cents, get a few more million and get moving at speed.
 
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