margin calls the issue, page-21

Historically, MMX has experienced similar depreciations in its share price and it has always bounced back quite rapidly. Let's hope that trend continues but don't forget it has rocketed up very quickly (beyond my expectations) and may need a breather. Remember, the market is in correction mode right now.I wouldn't be too concerned about a short-term correction in the share price because there is so much good news to look forward to in the next 6 months eg. resource estimate upgrade , resolution of infrastructure issues, completion of their BFS by December 2007, etc. Another question, what do they really intend to do with the $113 million obtained from the recent capital raising and the $150 million payment expected from Mitsubishi in August? Are we in for another surprise?


Amerigo