ANM 0.00% 5.5¢ advanced magnesium limited

$$ taxpayers, your $'s are needed

  1. 1,691 Posts.
    AMC says taxpayers are its only hope
    By Andrew Fraser
    June 06, 2003
    AUSTRALIA'S taxpayers are the only possible lifeline left for the Australian Magnesium Corporation after the ailing company admitted yesterday that it could not find a financial partner to help it bridge a $200 million gap.

    The AMC warned last week that unless a partner could be found or more support secured from existing partners, the $1.6 billion project at Rockhampton in central Queensland could be mothballed or even completely stopped.

    Full article in today's Australian -

    http://theaustralian.news.com.au/common/story_page/0,5744,6551816%255E643,00.html


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