MMX is seriously lagging behind other favoured IO...

MMX is seriously lagging behind other favoured IO companies.

There are 3 possible explanations:
1. Minerals tax
IO taxed and brokers seem to have formed an opinion that IO supply will exceed demand in the coming years
2. Possible carbon tax
Although this does not directly affect MMX and IO in general, it does make financial backers like Mitsubishi worry about future potential taxes in australia and how it could affect its profitability.
3. Mitsubishi
Media has speculated that port infrastructure will not proceed as Mitsubishi will pull out. Mitsubishi has denied this but even if they did walk away, im sure other interested parties such as the Chinese would be willing to back it
4. CHM/MMX legal proceedings
I am aware the court is currently making its decision. Maybe an outcome is due soon?

Chartwise, the macd has crossed negatively on recent lower volume. Short term i dont see a run.

GL to all traders/holders