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Intelligent Investor
Intelligent Investor

Comalco

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By Intelligent Investor · 19 Nov 1999
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Intelligent Investor
By Intelligent Investor ·
19 Nov 1999
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Recommendation

China Magnesium Corporation Limited - CMC
Current price
$0.01 at 16:40 (02 July 2021)
Price at review
$8.50 at (19 November 1999)
All Prices are in AUD ($)
Comalco's share price has had a strong run since our last brief (issue 30 Hold - $5.90). The company hasn't made any announcements since its quarterly report, nor has the aluminium price moved downwards over the period. We wonder, however, if the inside news is that the company has decided to build the Gladstone refinery it has been talking about. HOLD until further notice.
IMPORTANT: Intelligent Investor is published by InvestSMART Financial Services Pty Limited AFSL 226435 (Licensee). Information is general financial product advice. You should consider your own personal objectives, financial situation and needs before making any investment decision and review the Product Disclosure Statement. InvestSMART Funds Management Limited (RE) is the responsible entity of various managed investment schemes and is a related party of the Licensee. The RE may own, buy or sell the shares suggested in this article simultaneous with, or following the release of this article. Any such transaction could affect the price of the share. All indications of performance returns are historical and cannot be relied upon as an indicator for future performance.
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