Mitsu have been screwing MMX since the day they did the JV ,they are on a buying spree in australia and have spent nearly $7Billion recently on 2 purchases they could fund OPG and JHEP which is what the original agreement was ,they arrange all finance and provide up to $ 250 Mill to MMX for any short falls . Long term at $ 1 Billion MMX with Half of OPR and JHEP is a Bargain long term .Strange that BHP and RIO with their long term relationships with Mitsu arent making bids or is the plan get it for $325 Milln then split it and share costs what a deal ,could the Feds have the Gall to allow it ????
MMX Price at posting:
38.7¢ Sentiment: Hold Disclosure: Held