Short term fluctuations are hardly the market making any type of statement.
The great market has got it wrong on many many occasions. The market knows nothing about the case. MMX just quietly forgot to mention the case in its investor presentations recently. Annual report barely gives it a mention. Either this is supreme cofidence or sticking your head in the sand.
If MMX was not blightd by this what would it share price range be.
I would say between another $1 and $3 so is the market already not factoring in a major discount in case it loses.
So the market may already have a 100 million to 300 million discount on MMX.
This doesnt automatically flow to CHM as the market simply doesnt understand the case. Market discounting MMX for risk but not prepared to take the risk on CHM on something it doesnt understand.
CHM Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
