MMX murchison metals ltd

trading halt, page-106

  1. 727 Posts.
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    In Relation to Posco, Also.....If for eg posco bought MMX's 50% share of crosslands and OPR for lets say $400 Mill.....in effect as they own around 15% of MMX they would recoup about $60 mill of that.. Plus they would be liable to recieve 15% of Mitsubishi's final payment, perhaps another $50 mil or so...Thus they would be getting 50% of JHEP and 50% of OPR for around $290 mill all up plus surety of supply..plus blocking out china monopoly and as they are hugely cashed up, building OPR and proceeding with JHEP along with a strong Mitsubishi would be no problem....all rewards would be reaped, very little down side
 
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