Buy in Boom sell in Gloom, particularly when the gloom has no fundamental reasoning to affect MMX
We now have the extension approved, that was the biggest concern, that a politician could have had an impact. Now that is out of the way.
Our sound fundamentals are still there. Mitsubishi will be paying billions into Crosslands at end of year which MMX owns half of. We still have excellent potential for a large deposit of high grade DSO at Weld Range - MMX and Mitsub 50% each.
It times like these that you take advantage of the cheap share price on issue from the panickers. Even Australia's big 4 banks are getting hit, I bought big today in the banks and MMX, all well undervalued. I was just keeping my eye on MMX but at $1.145 how can you resist???
MMX Price at posting:
$1.15 Sentiment: Buy Disclosure: Held