sept 04 to almost there !, page-10

My constructive comments

MMX doesn't have any money. They are now in debt. There only remaining revenue stream is likely to stop shortly.

MMX need over 10 BILLION to proceed with JHEP and OPR.

MMX will be lucky to get 100 million for JH.

The Chinese will let MMX fall. The Lender now controls MMX. They will sell the rights and intellectual property in OPR to a consortium of Chinese and Australia companies which will invest in a smaller scale OPR.

JH will be put up for sale by the lender and Sinosteel will get it for next to nics.

The time of huge capital injections in new projects is over for small caps. You needed it in place by now. GBG will be ok.

Massive amounts of Iron Ore will be coming on stream from now till 2016 and with a Chinese slowdown supply will overtake demand and prices will drop. IO demand will pick up from 2016 and that's when JH and Weld range will be developed. The Chinese will be thinking long term.

So my constructive post saids MMX in its current form is doomed and shareholders will lose there money.

If you sold at 30 cents. There are huge opportunities to multi bag your money at the moment. look at shale gas plays.

DYOR and my opinions only.