At this stage I see different scenarios and probably none of them will pump up sp: 1) resume trading as per announcement with sp in 30c to 40c mark - BFS results to be delayed due to material impact of today's ann.
2) MMX goes to suspension on 27 to fully analise material impact and possible avenues to bring BFS as positive as possible. During suspension new stakeholders come to the game and there is a heavy dilution on sp down to 30c or less. Project would be feasible with same cost but reduced income.
3) Mitsubishi + MMX write off all the money they have wasted. current shareholders wait for ages to claim any capital loss. Someone in the future gets a real bargain for MMX assets.
either way, this is it. No more conspiracies and no more million dollars dream, and most certaintly, no more BS (or BFS)
MMX Price at posting:
76.5¢ Sentiment: LT Sell Disclosure: Not Held
