MMX 0.00% 4.7¢ murchison metals ltd

What we do need to consider is the impact on MMX as a...

  1. 2,243 Posts.
    What we do need to consider is the impact on MMX as a company.

    The longer it takes to deal with CHM the longer it takes to get the actual core business items running to capacity.

    We are already late on the buy in from Mitsu. This has also been delayed for the Feasability studies which have also been delayed.

    Then the four week trial plus time before that plaus time still to go is taking away from the company doing what we invested in it for.

    The time lines on stage 2 are being pushed back every day due to this. However with the GFC & lag effect maybe not to bad.

    I am of te opinion that every thing is being delayed until after the case is settled. Especially Mitsu who want pay if they loose say of the %.

    So SP wont move as nothing to look forward to until case solved.

    At the moment in 2010 we have
    - CHM case finishes
    - resource upgrade official release (we have est.)
    - Feasability studies
    - Mitsu final buy in.

    So once they get over the CHM issue the major issues facing the company are ready to be ticked off.

    The company is now waiting for the elavator.
 
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Currently unlisted public company.

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