it really is getting cheap! i mean the plant has to be worth quite a bit alone and apart from the bond holders cmq have no debt. so there has to be quite a bit of book value in the company which has come from the expense of private investors. no wonder the market hates this stock so much.
you would think as long as the product works then in the future there is going to be a worldwide need for it. I have learnt a bit in the market over the last couple of years, invested in some dodgy rubbish, i dont put cmq in that category!
The plant has never worked better even though it still isnt at nameplate. I ended up ringing the company today, apparently even at nameplate they will be struggling to break even. so we are still looking at a plant expansions & a long time, possibly years before the company becomes truely profitable and viable. nameplate and extra sales should boost confidence but god, its going to be a long road investing in this company.
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