MMX murchison metals ltd

RTGWhy do you think an offer is coming ?You have a current...

  1. 529 Posts.
    RTG

    Why do you think an offer is coming ?

    You have a current funder providing a $100 million facility who is also a major shareholder who if my memory is correct has an entry price of around $4 to $5 a share.

    Why would they or the other big palyers looking for supply from non big three sell out cheap.

    More likely senario is the funder will either:
    - enter a JV with MMX to develop mine
    - take control of asset through default

    I dont think they will sit back and take a low ball offer a blow up investment
 
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