This is the Article that set off the rumours. Your kidding. Qrn are basically saying If OPR falls over or looks shakey they would be prepared to take a stake. Good grief. They probably haven't spoken to mmx
QR Moots Move
22/06/2011 01:22 | Gindalbie Metal
0022 GMT [Dow Jones] Shares in Australia's Mid-West iron ore miners are up strongly early Wednesday after QR National (QRN.AU) mooted involvement in the delayed Oakajee port and rail project. Oakajee developer Murchison (MMX.AU) was up 4.5% at 69 cents after the open before falling back to 68 cents last while Gindalbie (GBG.AU), which hopes to use the project for its longer-term expansion plans, surged 5.3% to 90 cents before dropping to 88 cents. Development of the Mid-West iron ore province hinges on the multi-user rail project, eventually tipped to carry 100 million metric tons/year, but rising costs and delays have raised doubts whether Murchison is up to the job. QRN CEO Lance Hockridge said the company would be ready to take a stake to aid the project, in an interview with Dow Jones Newswires published late Tuesday. ([email protected])
Contact us in Singapore. 65 64154 140; [email protected]
(END) Dow Jones Newswires
June 21, 2011 20:22 ET (00:22 GMT)
Copyright (c) 2011 Dow Jones & Company, Inc.
http://www.morningstar.co.uk/uk/markets/newsfeeditem.aspx?id=146256521463187
====================
Muzza
with all due respect,are you inputing that QRN "If OPR falls over or looks shakey they would be prepared to take a stake" in MMX at $1.20 instead of $0.69 ?
By releasing this news, sure they are waiting for the price of MMX to drop to $0.52, are you waiting as well ?
- Forums
- ASX - By Stock
- MMX
- what a ride!
what a ride!, page-20
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MMX (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online