Murchison Metals Limited (ASX:MMX) is reportedly close to acquiring a natural resource asset that could be announced as soon this week.
According to the Australian Financial Review, shareholders are unlikely to support any acquisition as some shareholders believe that Murchison does not have a good track record in buying value enhancing assets.
Murchision agreed to the sale of its stakes in the Oakajee port and rail project and Jack Hills iron ore projects at the end of last year, netting about $217 million.
For the second half of 2011, Murchison booked a net loss of $50.7 million.
