ANM 0.00% 5.5¢ advanced magnesium limited

$$loan wanted- anyone?only need $200

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    million to get out of trouble.

    AMC seeks lifeline
    By Richard Owen
    June 6, 2003

    SHARES in embattled light metals group Australian Magnesium Corporation were suspended from trading yesterday.

    It came as the company searched in vain for a new partner to prop up its $1.7 billion Stanwell smelter project near Rockhampton.

    Unless a solution can be found before next Thursday AMC, which is estimated to have less than $100 million left in the bank, faces the prospect of liquidation with debts approaching $500 million.

    Courier Mail 06/06/03
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