MMX murchison metals ltd

ta.whats your view?, page-4

  1. 333 Posts.
    Everything known about a stock is reflected in its price.

    The market knows that in spite of anything said on HotCopper the CHM issue is not over and is unlikely to go away any time soon and won't be settled for pennies add to that concerns about the quality and viability of the resource, uncertainty about the joint venture, inability of management to meet critical deadlines and now a cloud over exclusive rights extension, no wonder this is not a market darling.

    Pre GFC MMX traded @ $6.24 followed by a low of $0.485 it then retraced < > 50% to reach $3.12 but it has since given < > 75% of that retracement back and without a raft of good news soon I don't see that slide being arrested and if support @ < > $1.00 fails I won't be surprised to see the lows re tested at which time I will be a buyer.

    Personally I want to see all the issues put to bed quickly so the project can proceed for the benefit of all holders and the State
 
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