I know for many it would be a bitter pill to swallow but lets say MMX settled matter for some cash plus bulk in shares.
What would happen to MMX share price ?
I think it would actually go up. There may be a bit of a knee jerk reaction but then if you think about it the major shadow hanging over company would go away.
Boxes ticked
- govt prepared to back and keen to see port built which MMX holds 50% of.
- IO assets free of all claims so can move ahead with a partner of MIts quality, Sino tie ups can be considered etc.
- Pilbara assets to add to the mix
I have seen some reference to grades not been up to expectations but I would guess that there will be more consolidation which MMX can only join post CHM.
Consider this versus taking the matter to court, then potentially appeals and what shadow this will have over the project and company.
Add to this if the case is lost potential for shareholder actions etc.
Me thinks settle and get back to been a $5 company rather than betting the farm on the words of the past management.
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