Sounds like they will keep company untill February and closing next year. Seems like most of all employees are let go and only several employees left for process of "liquidator to wind up the Company in February 2013". Mining is such a though and risky business. They seemed to take a loss and secure some money left because they made commitment with Mitsubishi to get $220 million that MMX can not be invalved with big mining deal. And they can make new company any time with left sum if they have a courage and motivation. They have no plans to acquire new project and many hedge fund and major investers sold out millions of shares recently and departed.. The thing is it is "return of capital, and not an unfranked dividend" that means even if you are holding shares now "capital" will be returned to the party who raised capital more likely.. and share will be less than penny and vanished when it is finalize and capital money is returned. If you are not considered capital invester you will get nothing but burst, it might be another chaos in early July...
MMX Price at posting:
47.0¢ Sentiment: ST Sell Disclosure: Not Held
