its quite simple. The ongoing costs and wind up costs are too excessive. I believe that they are overstating these number by $2.5m to $3.0m
On top of this Cashmere hasd not been addressed (or the other tennaments) Cashmere is worth $2m at cost but my investigations have indicated that it is worth closer to $7m.
Say it is worth $5m then Cashmere alone adds $0.011 per share and the savings on the cost of say $2.5m another $0.006 the range moves from 3.5 to 4.0cents to 5.2 to 5.7cents
MMX Price at posting:
4.1¢ Sentiment: Hold Disclosure: Held
