CMC Metals Ltd. (CMCXF)

[BMGS]

Extremely poor communication from the company imo
One always has to guess what is going on. Numbers of the bulk sample are very intransparent in view of the various previous press releases.

At least they terminated the contract with the PR consultant. You gotta be kidding me, $ 6,500 per month, for what???

Excerpt from the Third Quarter Financials report:

11. COMMITMENTS
Effective February 1, 2010, the Company entered into a Services Agreement for financial consulting and investor relation services, pursuant to which the Company was obligated to pay the consultant a fee of $6,500 per month and the
Services Agreement can be terminated with 120 days notice.
As of February 1, 2013, the Company and the consultant
agreed to reduce the fee being paid pursuant to the Service Agreement to $2,500 per month. As of April 1, 2013, the
Company and the consultant agreed to temporarily suspended services until further notice. During the nine months
period ended June 30, 2013, included in consulting expenses is $31,500 (June 30, 2012 - $58,500) to the consultant