They also know at some point an announcement of the new ownership structure will be made.
They just hope to have the opportunity to buy some MMX on the cheap. But will MMX do them a favour by resume trading without any clear outcome? Doubt it.
Muzz's down ramping for this purpose looks as subtle as a hoodie in a 7-Eleven store getting ready to pounce on the merchandize when not being watched.
I mean who is your audience anyway ?? Anyone who would sell has already sold. At the current sp, there is not much incentive to sell.
Once the Greece situation calms down, MMX sould rise anyway notwithstanding a positive BFS and a win-win compromise between the chinese, Mitsu and MMX.
Karara is one of a number of mines intended to be eventual users of the Oakajee port and rail project in Western Australia's Mid West region, which is intended to export up to 100 million tons a year of iron ore from the area.
MMX Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held