ouch, page-20

I am still a believer in this one. The last time it bounced hard was due to the Harbinger buying. We can count them out for a second round at the moment. Sino have been sidelined by a Govt under seige, so who's left to buy?

IMO it comes back to the uncertainty around the stock. There seems to be too much of it. The market doesn't like it at the best of times, but given the market at the moment it's dishing out more than a fair share to MMX (lthough it doesn't appear to be alone).

Over the next few months we should see the uncertainty unwound. We will have more information on:

- the CHM case;
- the infrastructure;
- the MIS bid/ merger;
- Resource size;
- A possible Sino takeover;

We also have the upside in relation to the Pilbara tenements (which I don't think the market has taken into account) and also any further corporate activity in the Midwest.

There are plenty of opportunities for this company, here's hoping the management improves on their recent track record.