oakajee port decision delayed, page-4

The delay of 1 month for the infrastructure decision is a sensible political decision. Probably needed more time for tech analysis as well. But the decision should logically await the outcome of current corporate plays. However, it will give yilgarn further time to get an underwriter for their float if they have not already done so.

So mmx has lost any chance of getting mis and mmx is now back in the same position it was in before all the t/o business started - a separate mmx and mis. Oh yes our sp has been crushed to about 60% of mis when mmx is clearly a better co, further advanced and with better ore. HEADS MUST ROLL OVER THIS DESTRUCTION OF SHAREHOLDER CAPITAL.

But there are significant cross shareholdings between mmx and mis that will come into play in the near future.

MMX should do 3 things:
1. Get on with the job of selling ore;
2. quit the merger plan today; and
3. sack the dope who has been advising on how to t/o mis.