MMX 0.00% 4.7¢ murchison metals ltd

murchison

  1. 117 Posts.
    spoke to a guy who got me into the stock....close to the company...he says hang on they are still only $23M mkt cap at 44c and therefore are an attractive takeover target for a number of interests representing chinese smelter groups that are looking to own rather than offtake due to their supply surety requirements.
    not sure what that all means but he said he is looking for a price over the one dollar mark.
    I think I'll hang on for the 60c mark myself.
    anyway...the above is probably all bull....have a look at the prospectus and make your own mind up.
    base
 
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