Thanks GP. I would openly admit I am a slow learner.
The company seems to almost sell itself a little short. With the mill now being upsized, the production rate will be closer to 125-130k p.a yet... the company is not really putting it out there. That is before any potential outperformance of the plant (i.e. WAFs 2.2mtpa is currently running at 3.6mtpa!). Not saying CMM will see that sort of out performance, but.. some upside is possible.
I also respect how quickly they undertook the recent raising. No fluffing around. Just raise it and move on.
Commissioning to start late in the March Quarter.
Due to my name, I am also prone to pondering.... I think GOR will have a tilt at CMM (GOR just increased their debt facility to $250m).
Now I am just waiting, so see if there will be another opportunity to grab shares under $1.80.
CMM Price at posting:
$1.86 Sentiment: Hold Disclosure: Held
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