gaint slayer, page-18

I think MMX's window of opportunity to settle CHM's claim with minimum damage has closed. They could have settled last year with issuing 15% of their stock and cutting Grimaldi and Barnes lose to their shirts (shoes, socks,pants and underwear) but they decided to tough it out with the no substance, no foundation line which has the possibility of creating an all or nothing outcome.

CHM isn't going away and will get its day in court and MMX fate will be tied to that of their founding chairman Phillip Grimaldi and his activities in relation to transactions that secured the Jack Hill and Weld Range leases for NiCu.

All security payment requirements shall be meet by CHM and the next direction hearing is scheduled for 24 July. With the WA Govt delay its infrastructure decision until the end of July there will be no good news for MMX in the coming months.