Technical problems are to be expected but yes any delays could cause the share price to flag a bit in the short term.
I wouldn't bet on it though as its already somewhat off its highs - hopefully enough to satisfy tehcnical analysts that the "gap has been filled" after the strong run.
And there should be a reasonable flow of announcments this year to keep the share price moving: - stage 2 reserve/resource announcments would be made as they receive drill results - confirmation of 1st shipment should be positive - completion of all iron ore negotiations (or did BHP sneak in and sign during the xmas period? Maybe I missed that as I would have expected something by now?) - positive press as a newly operating iron ore miner should get some press coverage given that there are very few companies operating in this sector. Look at how much press FMG gets and they are years away from mining.....incidentally, I think MMX will be the next biggest producer in Australia after FMG based on Stage 2 projections.
MMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
