I Love it. All of the people here don't know what you are talking about. What happened today is the best thing that happened to MMX for a long time.
MMX trading at this level is not because there is anything wrong with JH or Weld Range. It is UNCERTAINTY. Stock markets are fine with bad news but never happy with uncertainty.
The Chinese as a result of today's action will in the next several weeks be made official part owners of OPR and the stock will sky rocket. DON'T BELIEVE ME !
AND I SUPPORT THE CHINESE POSITION. YOU CAN'T SCREW SINOSTEEL LIKE YOU SCREWED CHINALCO. IF THIS GIVERNMENT WANT CHINESE INVESTMENT...GIVE AND TAKE !
now.....
This is not an infrastructure issue.
It is not a mining issue.
it is not a feasibility issue.
It is NOT even a certainty issue.
It is a political and OWNERSHIP issue and the ball is now firmly in the court of Colin barnett.
If anything, we have more certainty this week than ever before. MMX just received the environmental approval and the BFS is just around the corner.
What is uncertain is to the Chinese. They thought MMX would yield a slice of the pie and now they feel hookwinked by Barnett.
The seeds of distrust was sowed when the Labor WA government granted the project to the Japs and MMX. The Chinese always wanted the infrasturucture.
Now the Chinese are using the NUCLEAR option.
There is no other outcome. MMX and Mitsubishi MUST yield otherwise everybody goes down the sewer.
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