Just nine months ago MMX was beating its own drum, offering a script offer takeover of MIS and touting itself as the 'to be' BHP of the Mid West Iron Ore Region. Now with its proposed reverse merger with MIS, which seems likely to fail, MMX appears to want to slink off into the night.
With the MMX's sp heading south and the infrastructure project decision delayed until end of July, (after Federal Court direction hearing)it is likely to take a further beating over the next few weeks as I don't see any good news coming their way.
While much of MMX's woes have been self inflicted, I feel that the little Australian Paralyis Tick (CHM) may be having some effect on its performance. We can only hope it is still standing when CHM gets it day in court as it will be tough getting it to the knackery if it can't walk.
CHM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)