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8,877 Posts.
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24/06/11
19:31
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Great question but a hard one.
Personally I think mmx is toxic when linked to Mitsubishi.
If mitsubishi leave 100% then mmx may still hold a small stake. 10% as a token gesture.
The likely outcome is NO mmx involvement at all. 0%
The underlying thing that I believe is that Mitsubishi is out of OPR and also jack hills.
Mmx will be lucky to complete jack hills if the OPR balls up is anything to go by.
Tell me how much money does mmx have in the bank. Then tell me mmx current debt and future debt commitments.
Greece is about to default. The dominos will fall.
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