Murchison raising to promote growth: Merrill Lynch

ANALYSTS at Merrill Lynch believe yesterday’s announcement of a $113 million raising had little to do with its Jack Hills iron ore project in Western Australia and more to do with acquisition growth.

Murchison raising to promote growth: Merrill Lynch Murchison raising to promote growth: Merrill Lynch Murchison raising to promote growth: Merrill Lynch Murchison raising to promote growth: Merrill Lynch Murchison raising to promote growth: Merrill Lynch

In a company update, Merrill Lynch said Murchison's management had a track record of spotting resources assets with potential and that the capital raised would more likely be used to seed a growth

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