MMX 0.00% 4.7¢ murchison metals ltd

what a ride!, page-17

  1. 10,494 Posts.
    This one is an hour old

    http://www.abc.net.au/news/stories/2011/06/22/3250698.htm

    Murchison shares rise on back of interested party
    Posted 1 hour 54 minutes ago

    Oakajee 6532 Shares in Murchison Metals have risen strongly after Queensland Rail announced it is ready to take a stake in the Oakajee Port and Rail development in the Mid West.

    OPR is developing the common-user rail network to connect mines in the region to a proposed port at Oakajee, north of Geraldton.

    Murchison is one of OPR's joint-venture partners and turned around a recent slump to rise 4.5 per cent on the sharemarket this morning.

    Shares in Gindalbie Metals, which is set to become a foundation customer of the railway, also rose strongly by 5.3 per cent.

    It is believed the comments made by QR National drove the upward turn on the market.
 
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