mmx just cant look out for partner. Barnet either grant approval to JV or cancel it.
Mits has already squashed the rumours of pulling out.they will remian in JV with great deal of interest in projects.
MMX will only be looking out for partner if mits pull out on their own wish.That would never happen.If that will happen, it resolves all issues as chinese will simply get in. obviously thats not the case.
Barnett's todays comments are very elusive and none can make out anything of what exactly he is trying to do. Thats how politician respond in these sorts of situation anyway.
looking at ago, BRM current share price, mmx will strongly have better future being iron ore player.
I reckon u and Barnett needs to understand that Murchinson only need to fund JHEP project and BFS for projects. They already managed $100m to progress BFS as they cash on hand only last for a quarter from now. If they would not have secure those fund, they might needed to do cap raising, ultimately diluting share holders value. that is not the case now so it is being an investor giving me some peace at the moment.
apart from all murchinson have billions of $ deferred payment pending from Mits, that can be available on success of BFS and when they will make final investment decision.
MMX Price at posting:
$1.22 Sentiment: Buy Disclosure: Held
