QMG quay magnesium limited

I sold out at .12 wanted to keep my shirtWill need money for...

  1. 35,729 Posts.
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    I sold out at .12 wanted to keep my shirt
    Will need money for more placements going by the annual report,
    They probably need to moth ball the plant (although going by sales thats already happened) to conserve cash untill magnesium prices reduce or alloy prices increase
    No buyer depth now, could go belly up or be taken over at current cap.
    I feel for Stuntz but he did make some poorly judged decisions, no long term magenesium supplier contracts and over zealous expansion plans for starters
 
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