MMX - Merrill Lynch rates the stock as Buy, High Risk
BROKER NEWS - 17/08/2007
Merrill Lynch analysts remain staunch supporters of the Murchison Metals story and the recent sell-off has triggered another supportive report.
In case anyone needs extra convincing, the analysts have calculated that at current share price levels shareholders are paying only 50% for the mine and on top of this they are receiving $0.40 per share in hard cold cash for free.
No changes made. Note that the $7 target has remained in place.
Target price is $7.00.Current Price is $3.31. Difference: $3.69 - (brackets indicate current price is over target). If MMX meets the Merrill Lynch target it will return approximately 53% (excluding dividends, fees and charges - negative figures indicate an expected loss).
MMX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
