The request for further and better particulars of the statement...

The request for further and better particulars of the statement of claim probably means the court reviewed the timetable to require the defences of each of the respondents to be filed after those particulars are filed and served.

Lots of legal arguement to plough through before any day light in this case.

Expect a 2013 decision.

The best guide to this litigation is to see if chm try to raise finance soon. Their next quartely report will be instructive.

In the meantime i expect mmx to slump back a bit maybe to $4 before a very strong rise on the back of resource upgrade and infrastructure announcements.

Also expect chm s/p to plunge sharply soon.

Check the charts.