I just keep a passing interest in MMB dacata,CNX own 10million...

I just keep a passing interest in MMB dacata,
CNX own 10million shares of MMB as you know.
Jim Rogers said he's not buying platinum at the moment but if car sales are down for a while when they start to increase there will definitely be less supply and higher prices for platinum. Magma have some excellent results at Thunder Bay and are also part owned by Anglo American (who bought in at 60cents not so long ago). One to chuck in a platinum watchlist for when the time is right imo.


From their Quarterly Report ended Sept 08
cash in hand is:
Cash on hand and at bank: $A757,000
Deposits at call: $10,804,000
Total$A11,561,000

The rest of the 1/4ly can be found here:
http://www.magmametals.com.au/?section=announcements&pg=2

A quick note kenneth posted:
lesson ...look at the income statement,
balance sheet
do your ratios, know the business model,
metals prices

make projections

study the cashflow statement and check out
the quality of management