MMX 0.00% 4.7¢ murchison metals ltd

biggest blunder, page-9

  1. 131 Posts.
    Spot on CPG . You just have to wonder how deperate MMX management were to see the all script merger go through. The way I see it to get the infra hey need to huge boost of a resource upgrade to underpin the whole deal. Can they do that on a stand alone basis? After reading an article in AFR (8/7/08). Quote " Murchison's Jack Hills project has underperformed and the mining company may legally be forced to downgrade the project's value." It's easy to live in hindsight but a one for one share offer for MIS orginally last year could've been the clincher. Now SP under pressure 'till very, very important infra decision. Hopefully go our way.
 
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