MMX murchison metals ltd

chinese takeover - no brainer

  1. 10,494 Posts.
    Okay, Mitsubishi who openly expressed that it doesn’t want too much to chew on is snapping up 50% of JHEP/OPR at 51 cents with few conditions attached and a puny $3M break free.

    Remember Mits is not a company fronting up for a country that is:

    - the largest IO consumer and importer by far
    - that is paranoid about security of supply
    - spooked by unreliable Indian imports
    - already invested billions in the mid-west (including 2 mines in or were in production).
    - franctically trying to buy IO resourcs across the globe
    - may get frustrated with the takeover of SDL
 
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