MMX 0.00% 4.7¢ murchison metals ltd

mmx's problem

  1. 3,394 Posts.
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    MMX's problem?

    One Word: Mitsubishi

    I'm not blaming the media. But so many conflicting news and reports show one day Mitsubishi is commited to Oakajee/Crossland, another day it says Mitsubishi is not committed.

    If we replace Mitsubishi with Sinosteel as the 50% JV for both Crosslands and OPR. Then the MMX share prices would be probably around AGO's price or higher.

    In summary, Mitsubishi is a symbol to MMX of instability, whereas Sinosteel is a symbol to MMX for stability.

    If Mitsubishi is really concerned about its investment and potential cost commitments, I say maybe they should sell their 50% share of Crosslands and OPR to Sinosteel.

    Full stop.
 
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