sell recommendation

SELL RECOMMENDATIONS

Murchison Metals (MMX)


'Murchison is an iron ore producer in Western Australia. Its projects are in early stages of development and will require significant capital expenditure. We can’t see any meaningful profitability or dividends until at least 2015. It reported a full-year 2011 net loss of $16.6 million and its cash balance at June 30 was just $12 million. The outlook appears difficult for a company with single commodity exposure. '

http://www.thebull.com.au/articles/a/23374-18-share-tips---10-october-2011.html