yes thanks IPO and M+A has been dead in the water lately thats for sure and mostly since this article was published in March.
Not sure how it will proceed for CMC but since Somerley Group's heavily into Hong Kong and the Chinese mkt I expect them to play a large part again in the future. No doubt its their web which is brining on these investors at premium rates.
The fact that this is operated out of China makes it almost impossible to research and its lingers on lack of updates from the early punters looking for shiny metal elsewhere. Mag prices has risen lately in China again into the RMB 19,500-20,000 range. I wonder if any of the inital cost assumptions will still stick but suppose so when raisings continue at premium levels.
A fair crack on Hong Kong would be after phase 1 is producing satisfactory and phase 2. is about to kick in for expansion. So probably another year and lots of accumulation can go on in that time frame for ppl with allocated money. just my 2c.
CMC Price at posting:
14.0¢ Sentiment: None Disclosure: Held
