I didn't say everything was hunky dorey, I said the ASX wouldn't have a leg to stand on about the sp rising near the close.
Law & co are looking shiftier by the day but have got their grubby hands on a decent resource. The for sale sign will be up as soon as they get their oppies. 7 rigs on site to drill the guts out of it before then to prove up more resource.
Best case from here will be; - MIS prove up a good resource - Sino make a revised bid which Law & Co approve after May - They take their millions and f... off - MMX wins the infrastructure tender - MMX/Mits/Sino all form a JV - MMX runs the mining and infrastructure and gets it started asap - All parties happy except a few burnt within MIS along the way.
MMX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held