trading, page-53

Im a raving mmx fan captain cranswick as you know lol

but 6 dollars hmm would have to be some heavy duty moves in the fe space 3 dollars first target xmas 2010 xmas 2012 5-6 dollars possible dont forget oakajee wont be in action to 2012/2013 to get the production nos out to achieve 6 bucks we would have to be humming out of jack hills to gero port the port cant cope with crosslands now they would get more out if they could and really we need cape sized vessels to acheive that hence the need for oakajee deepwater port for bigger vessels

it got to 6 bucks because the market went beserk and was over inflated and when the bubble popped it has become over deflated all upside from here


long term the best junior fe stock on the asx without peer as the buisness is diversified into fe port and rail 3 prong attack so has a leg up on other one trick pony fe juniors and you can buy that tommorrow at 80 cents man thats a gift

cash is the key with mmx mitsibishi have to stump another tranche of cash i think in june/july 09 they wont have cash probs

will sino take out the 49.99 per cent? probably not imo if they were they would have clouted when mmx was 50 cents for a while not wait till its run another 60 per cent they just want in on the board so only need around 20 per cent to force that issue and get a say so any theories sino will pay 3 dollars plus per share for less than half a coy are unfounded imo hope im wrong would love that but what a increased holding of say 20-25 per cent by sino will do is give us is strength in forward offtake sales and that will drive the sp as the cash comes in down the track in any case mmx are a multi bagger in two /three years without question