Given the weekend press coverage about how Mr Swan needs to make a decision on Sino holding a much bigger stake in MMX this stock is getting hammered. This decision will set a prescedent on Chinese sovereign funds holding controlling stakes in Australian resource companies and MMX will be the guinea pig for this decision. The uncertainty of the reverse takeover offer and whether Sino is able to get more of MMX is causing the market to react in a negative manner as there is no clear path for MMX at the moment. There's a lot of jostling going on at the moment behind the scenes, so we need to ride another one out.
To Cranswick; The market is a risk reward envioroment, especially during these times. You say you have bought in at 40c, so what's your problem?
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