Buy on rumours and sell on facts. Hopefully MMX won't get sold down too much. IMO it is a good medium term hold. Plenty of blue sky.
From my research the current economic recession is a blessing in disguise for Crossland. If there was no recession the Feds would not have release the money from the Future Fund to help pay for Oakajee. This is a $339 million funding windfall. In fact I think Mitsuibishi was supposed to arrange for the financing for Crossland to fund the OPD.
Surely the SP of MMX must reflect this unexpected injection of funding from the Commonwealth. I think a SP of $2 can be substained.
Further if the rumours are true that Sino had been buying in the last few days then we can expect an announcement soon that they have increased their shareholdings. This will put another rocket up the SP.
The bankable study should be out towards end of the year and Trevor keep saying it is looking good. Everything is looking positive but then again I am seeing things through rose coloured glasses because I hold MMX.
MMX Price at posting:
$1.73 Sentiment: Hold Disclosure: Held
