With all the drama swirling around MMX since the BFS and when MMX went into a trading halt. Mitsubishi could of calmed the water and committed to the JV after the BFS was out and Sinosteel pulled out.
BUT No they havent said anything. Would a 50/50 partner just let the other crumble like this if they could do something to stop it and they themselves gain from it.
Of course they would. This silence indicates that Mitsubsihi is leaving MMX to its own fate.
It spells the end of MMX as we know it. Well GM confirmed that this morning.
Now he's off to Japan to ask the Japanese what the heck is going on.
MMX Price at posting:
69.0¢ Sentiment: Sell Disclosure: Not Held