I think that you should have also sent a copy of your Email to the Beattie Government in QLD.
I considered buying into the float as on the surface the proposed return +12% looked too good to be true.
Upon more investigation which also included a post on HotCopper asking for opinions, the shortcomings and risks attached become very evident.
Terry McCrann has a scathing article on page 25 of todays Herald Sun about Australian Magnesium Corp which indicates that the Queensland State Govt has some explaining to do.
The provision of $100M to fund the payment of a 12.8% "dividend" followed up by a misleading advertising campaign deserves some questions and answers.
ANM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
