disagree. the Crosslands JV is now running mining at Jack Hills. MMX can now turn it attention to adding value elsewhere. they are cashed up and this is probably the start of a buying spree. if they can add the same sort of value they did at Jack Hills in the Pilbara, then MMX will continue to be a winner for shareholders. it is the management that makes the difference. mis and chm can both die on the vine while mmx powers on. best outcome is for sino to take out mis management and then you watch a deal will be struck between mmx and mis (under sino management) to build the infrastructure and everyone will win.
MMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held