Tenbanger , normally I would agree with you , normally you could...

Tenbanger , normally I would agree with you , normally you could not offer more than 30-40 of the last closing price....but this is also a fairly unique situation in that the asset is worth so much more than the current sp. How much more not sure but take the following into account.

MMX is valued at approx $133m based on its current sp.

The assett CL , OPR etc and all the work that has gone into it so far ( the work alone waS ESTIM @ $300m was the figure mentioned I believe some time ago )taking all that into account the worth of MMX realistically must be somewhere between $500m to maybe $750m.....

On that basis sp should be somewhere between $1.08 - $1.62. Now my assumptions may be completely wrong , but surely its worth more than the sp , the sp is only a reflection of the markets current anger with mmx.....not the worth.

Still keeping my fingers crossed.