mt grace - ambitious project

  1. 521 Posts.
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    Had this one in the watch list for while.

    It seems they are under the lead of an agressive South African with links to Malayasian business, They are attempting to raise up to 150m to buy a Magnesium plant from Alcoa in the U.S. and relocate it in Malayasia. Some of the statements sound like a replay of the new Nickel refining era with the ability to refine product in 1/3 fo the time and at 1/3 of the cost of other pants.

    Anybody had a look at this one??? Am continuing my research.

    There is an Extraordinary meeting Fri 24th Jan to approve the payment of the option to aquire the plant along with a name change.

    Cheers

    Carpe Diem
 
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