Its more a case of recent negative media hype,Totally unsubstantiated speculation about :-
Mitsubishi pulling out.. Extension not being granted.. Chineese becoming involved in structure.. CHM's constructive trust claim... Volume and Quality of Ore.. Management.. Funding..
All of which have been put to rest, but market sentiment will take a little time to change..
Mitsubishi Obviously 100% behind project as conveyed to Murchison and WA Govt.. Satisfied Govt, Hence Extension AND EXCLUSIVITY granted.. Chineese MAY be invited In, But not in a dramatic way and On MMX/Mits Terms... Chm Claims all but finished and dealt with.. Huge volume of Ore and 2 very high quality products to be produced, With High demand.. Funding provided for in Contractual agrrement for ownership by Mitsubishi.(one of the worlds biggest Companies) Management Always confident of each outcome and proved right each and every time.. China, Far from slowing down.. These are the facts...Others seek to distort... WA govt sought assurances from Mits..Re support for both projects...And then granted extension..What do you think this really says about One of the worlds largest companies..I'd say it says..Ore wanted..Infrastructure wanted...MMX wanted.. Disapointed others seek to undermine, But bad luck...MMX/Mits JV solid, and exclusive rights protected..
MMX Price at posting:
$1.42 Sentiment: LT Buy Disclosure: Held
