Mitsubishi just took a gamble that the chinese would rather deal with one company and to strike now before mmx went belly up.
Mitsubishi have said quite clearly they are not going to develop these projects with there own money.
Chinese will sit on there hands and the Japanese will give this away to be rid of it. That's if they can give it away. Once extension is gone. Chinese may start a fresh.
Can you beleive that Mitsubishi didn't secure a extension from Barnett before this deal was done. Dooooooooohhh
Stupid decision Mitsubishi. Stupid.
MMX Price at posting:
39.0¢ Sentiment: ST Buy Disclosure: Held
