MOX 0.00% 0.2¢ monax mining limited

some info n talk on mox, page-53

  1. 5,132 Posts.
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    re: back to 40 cents/crowd madness Andrewe,

    MOX is not different to a large number of U308 speccies in that there are not many shares on issue and they have some prospective ground that they are early in the process of assessing. At this early stage the price determinant is as much about perception and potential. Timing of announcments are key and the fact that the MOX has completed an aerogrammtic survey woth some "spectacular" results according to the MD, was fortuitous - coinciding nicely with the current re-focus on Australia's Uranium sales. Often it doesn't take too many buyers to get the price moving - if there is a convergence of buyers, the share price of these illiquid stocks can rise very quickly. Alas, the converse holds too, & you don't want to be on the wrong side when they are going down.

    Comparisons are subjective, and but to get a guide as to how company announcments (and the run up to announcments)can affect the share price, the experience of some stocks that were in favour last year (some briefly): include PNN; MTN; SAU might be of use.

    MOX may have the goods - we won't begin to have a really have any clear idea until the first drill results are in, but until then these stocks can be stong price rises driven by hype, or ignored until the results come in. MOX is showing some signs of going for a possible run.
 
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Currently unlisted public company.

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