murchison capital raising, page-4

Hi McNoob,

I am never a proponent for living off borrowed funds especially when the future is uncertain (leaning toward a negative short-medium outlook).

I understand that an immediate placement would be detrimental to shareholders, however management can choose to do the placement when the shares are more stable (whether it rises back to 70cents+ or below 40cents by this time ...its anyone guess).

If MMX mangement does not take a "little pain" and get their cash position straightened out, and the worse scenario plays out, that this saga does not present a resolution after 18-24months and the draw down facility is used up...then the pain is going to be much worse.

I would rather do the worse scenario planning in advance rather than hoping for the best case which may not arrive.

Stage 1 of Jack Hills I heard was very marginal even on the record iron ore prices so relying on this alone would be dangerous.

Others opionion welcomed