MMB 0.00% 65.0¢ magma metals limited

8 million bucks raised at 43 per cent premium, page-26

  1. 332 Posts.
    Having the largest Pt producer as a major shareholder may not necessarily be a good thing in the long term.
    More suppliers of Pt means lower prices .
    Anglo's strategy may be just to put its foot on the project to keep market share for its south african mines.
    I'm not saying this is true just a possible scenario.
    Look what happened when Xstrata bought into the Windimurra vanadium mine then closed it down to keep the world price high.
 
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