Mitsubishi is buying 50% of Iron Jack a subsidiary of MMX. Mitsubishi is committing $3 billion. Please read the announcement to conduct your own investigations. iI is hot news. Read the number of posts here. I have never seen so many in one day.
Maybe a buy at $6.00 is conservative. Opening price will, I suspect, be the commencement of the rush to buy this stock. I suspect it will take a couple of days to be digested by the market.
I will be interested to see the papers in the morning. If you want a taste of what is coming then google Mitsubishi and Murchison and see what the internet has recorded in the way of a reaction. It is world news. PLEASE DO YOUR OWN RESEARCH
MMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
