MMX murchison metals ltd
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RTGWhy do you think an offer is coming ?You have a current...

  1. Gardie
    529 Posts.
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    22/08/11
    13:00
    Post #: 8854287
    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
    MMX Price at posting: 62.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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