Jinchuan invested $32 million on 3 May 2007. JP MORGAN increased its investment to 6.27% on 13 April 2007. Shares traded as high as 42 cents in May 2007.
Three directors tipped in $375k each in May 2007.
Guiness Peat group have also topped up.
This company has a world class tin resource. I suspect Yunnan (a chinese tin producer) which has kicked off in Australia trading as ASX code YTC will soon be making an investment in MLX.
That is what is up along with other chinese coys surveying mining investments in Australia.
Look what happened to Murchison Metal. The chinese likes their iron ore mine which only started producing in April 2007. Last week Mitsibushi agreed to tip in $3billion. MMX shares went crazy. DYOR
MLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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