Volumes are too low to cause panic
All holders are pieved off with the current share price
What is the solution? What else can we expect from the company?
The situation is too complex for people to comprehend..
If the estimated cost of OP&R blows out to $7bill as the newspapers have written very carefully not to commit to it, then Barnett should hang his head in shame. How would he approve an extension? - because he would have had a very close look at the project.
People aren't realising that MMX is well covered by Mitsubishi for their 50% of funding their 50% ownership of OP&R and Mitsubishi is obliged to provide funding to MMX of a further $400mill.
What we all really need to find out is the figures from the BFS.
What will the NPV be? We all need some idea of what size the deferred payment will be from Mitsubishi into Crosslands.
MMX need to provide much clearer details to the holders
On market activity will currently be determined by mum and dad holders and shorters. When the BFS is announcement, real price activity will be engaged
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- good chances of making 3% to 5% in intraday
good chances of making 3% to 5% in intraday, page-7
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