I have a small holding (bought about 4 months ago) and have been tempted to sell at a small loss but will ride out this little storm... I think they can come good ($5+) but may not be for some time....
Pending CHM claim resolution, they have a good resource base at Jack Hills (which is still to be fully defined)even though Infrastructure needs to be resolved.... No good having it there if you can't get it out!
Here's hoping they can pull a rabbit out of a hat with MIS but all indications seems its probably unlikely... having said that, who knows whats likely to develop next in this little saga!
Backing by Mitsubishi is a good thing...
Management seems proactive and regularly provides updates to the market....
One of the directors holds a decent slice of shares, so his interests are directly aligned with the performance of the company....
Iron ore going up with high levels of current and seemingly future demand... Obviously the fear that everyone has about the US crapping itself, likely to be a reality, isnt a good thing but resources should hopefully be somewhat insulated...
When she goes up, she goes up fast.... flip side also goes down very fast!
Just my thoughts....
MMX Price at posting:
0.0¢ Sentiment: None Disclosure: Held
