cant stay away, page-3

CHM’s big chance to cause problems was in MMX getting funding for the infrastructure tender and submitting the RFP.

That has happened – MMX/OPR has received funding from all the major Australian banks plus some international banks. The tender has been submitted on time – and

Therefore CHM has failed.

Fair enough, you could argue that the prospect of a takeover of MMX might give CHM some leverage.

But firstly, I don’t believe MMX management or shareholders want a takeover in the near future. The full value of the company is still being proved up by drilling etc. so a takeover now would undervalue the company.

Secondly, Sinosteel is not stupid. If they want MMX they will look at the facts/evidence, see that the CHM case is a dud, and then proceed.