After a good lead from Wall Street IMO we can expect another big SP recovery day for MMX. 10% to 15%. All to do with market sentiment and this was oversold in a falling market but SP will recover now market sentiment is rapidly improving.
IMO management want a buy out as they have few other options so I will hold and see what eventuates. IMO Sinosteel will eventually make their move if the FIRB discussions give them the OK.
MMX Price at posting:
29.5¢ Sentiment: None Disclosure: Held