When there's good news for one company, people ramp it up to increase profits and provide solid support. On the other hand, people shoot down the good news so they can buy. Also, people feed the bad news as an added measure for short selling.
I think we need to compare this with FMG. Anyone taking the punt that this will be the next third force (and a half) in iron ore? The time it builds the rail and the mine to exporting iron ore is about 3-5 years. It's a waiting game but the patient and committed would win.
For me, its still a spec buy due to the rail construction and the time consideration.
MMX Price at posting:
$1.73 Sentiment: Buy Disclosure: Not Held
