If GBG thinks they can ramp up without OPR then big problems for MMX.
It may be a bluff but it will have the same effect as Sinosteels 'Bluff'.
MMX is being backed into a corner that they wont be able to get out of. The longer the delays in selling OPR or Jack Hills the worse it gets for MMX while other interested parties jockey for position.
Greg Martin put all his cards on the table and showed his hand. Now everyone else wont call and are folding.
Ultimately whats left is anyones guess. Maybe another Pasminco type deal and start from scratch.
Beware and DYOR.
MMX Price at posting:
75.0¢ Sentiment: Sell Disclosure: Not Held
