Matt...Its also possible that an alternate offer from any interested chineese entity (perhaps Sino) could bid ..lets say the same $325 million and be certain of buying for the same price and not risk mitsubishi holding out for a premium or playing hardball.....This offer would still be superior for MMX as Mitsubishi would the still be liable to Murchison for their Residual payment and even if this were only to be $150 mll or so it would add 30 cents or so to underlying SP ie push it up to 80 cents,, So IF a chineese entity should be interested, see no reason why they at least wouldnt Match the current offer..as would have nothing to lose and would avoid any tricks from Mitsubishi
MMX Price at posting:
42.0¢ Sentiment: LT Buy Disclosure: Held
