Bit of merger activity in the steel sector at the mo & Leightons all cashed up & always on the look out for a bargin.....
CMV results due in week or two should give a good indication of how company is going.....Has been in expansion mode over the last year which has negated free cash to some extent....
CMV very tightly held by directors (Around 80% from memory).....These holdings are escrow until after 06 report at end of this month......
CMV diversified little recycled metal play with exposure to minning sector as well as some dredging operations.......
Company is still growing & all indications are for a profitable 07 year......but report will give an indication of where CMV is headed in the near term......
Good management .
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