...we all would like to know more about margins nobananas, but CMC is still very much in a ramp up process and in this business you don't get to full speed much quicker then they have. Margins potentially are distorted during the ramp up period anyway.
I was encouraged to see one of the directors buying on market in mid November last year for between .33 and .34cents. He acquired almost 1/2 mill shares at that price.
Surely he would not invest his (hardearned?) cash in the company if he wouldn't believe he can make money from it.
Any purchase at or below .30 is a good investment imho, if you you are prepared to hang in for 12 to 24 month.
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...we all would like to know more about margins nobananas, but...
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