CMC 0.00% 1.1¢ china magnesium corporation limited

Ann: Lithium Project in Greenbushes-CMC.AX, page-60

  1. 3,124 Posts.
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    It's interesting to note the movement today and yesterday. Their is so much positive news too still come out, I'm really hoping magnesium production will be announced in China this week which will then bring in a great revenue stream to support the lithium project going forwards.

    All positive here, I bought GXY @2.5c and CMC have similarities (production plant about to ramp up, bankruptcy was factored in)

    What we're seeing is that bankruptcy concern being mitigated so the SP is seeing some good resurgence. I'm still predicting 9c based on this alone. Then we'll here about the production of magnesium (again another re-rate). Or a takeover offer?
 
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