as for the rest of you who get off on criuticising MRX management .....why dont you all move on if all you can do is put the boot in....sure copper spot prices have taken a hit but so has the entire market....copper is one product that will continue to have a future....as it is used in mainly the construction industry the property market will recover may be 12 months to 2 years away but if copper can stabalise around $2.80 then we dont really have a problem....the guts will not drop out of copper prices completely and I firmly believe that MRX will be on the right side of the ledger....the reason the placement to sophisticated investors was done now is that MANAGEMENT IS SMART They see how important it is to ramp up production as fast as possible as this will greatly improve '"economies of scale" with higher tonnage........people please go back and read hartleys report properly and you will see what effect the increase in tonnage will do to the bottom line....it is best to do the upgrade now to increase capacity and provide better profit margins .....MRX have smart management and with the likes of David Humann at the helm we have some very savvy leadership......Im picking MRX will deliver the rsults for the next quarter and continue to show the shareholders that they are serious about becoming a producer ....JAM
MRX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held