MMX 0.00% 4.7¢ murchison metals ltd

The biggest issue with MMX is the funding. Look at the world...

  1. 1,573 Posts.
    The biggest issue with MMX is the funding. Look at the world financial environment right now.

    Risks of default, sentiment that lack of stimulus to avoid defaults will turn into recession and then put more pressure on defaults....

    I am staying away from companies that require big funding as the funding could easily become much harder to get or the lenders will screw the companies as the did last time with the GFC.

    Look at BHP now $35 down from $50, possibly could drop more with the whole market but time and time again when the markets stop falling and start to bounce, BHP always bounces hard and bounces first with the other blue chips. The specy's often take a lot longer before they start coming up
 
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Currently unlisted public company.

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