IMO the biggest deal for the midwest is about to be announced - I think sino will agree to the mmx merger plans with some amendments.
Note the following:
1. If MMX & Sino fight for infrastructure - only 1 winner - a vvv big gamble for both. D-DAY - 30 JUNE IN 3 WEEKS Will they deal or fight?
2. SINO is not a miner its a trading house. MMX management are miners.
3. If sino agree to the merger they would be largest s/holder of merged co and of the infrastructure co. The amount of shares sino would hold in the merged co would be dependent upon how many MIS shares they can scape up now AND upon how many MMX shares they can accumulate now. Thus we see down pressure on mmx for long time and now significant break up on fri arvo when Sino are on verge of success with MIS.
If I am right then the merged co sp will go ballistic like fmg until the first train dumps ore in a ship.
ANYHOW THATS MY THEORY FOR WHAT ITS WORTH
MMX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
