I hold IMP, who has the crystal ball, IMP 10 cents?
Just want BMX to strike it again,
Bemax have engaged specialist financial risk managers to provide treasury functions and hedging advice. Bemax intends to put in place an appropriate hedging strategy to maximize the return from the Pooncarie Project.
The support of our largest shareholder, Cristal, in the equity raising shows again their long term commitment to Bemax and our success in the Murray Basin. It is an exciting time for the mineral sands industry with booming growth in China and steadily rising demand in other markets, assuring a favourable market place for feedstock suppliers.
Cristal is continuing to expand its pigment plant in Saudi Arabia and has recently recorded its highest profit in several years.
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