A spec buy ???
some people are hard to please...
please name me some other spec buys who are debt free, have 145 mil cash, have Mitsubishi as their JV partner, are a producer, have a share register where 72% of their shares are owned by the top 20 holders....
I could go on but I might bore the people who know the stock.
The last few days have been huge for mmx. It was only a few months ago that yilgarn was knocking on the govts door still proposing to run their own race with the infrastructure.
The treasurer comes out and makes GBG/Ansteel firb approval conditional on using OPR. This is not old news, and the impications are very significant. Take note of the bloomberg article posted by roblun today.
I think we're on the brink of some very serious investment being poured into the Midwest region, and the govt money does more than just provide dollars. It provides certainty.
Don't be surprised if Sino stopped buying at 5% because they were awaiting the confirmation of govt funding.
Very interesting times ahead...
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A spec buy ???some people are hard to please...please name me...
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