I read the article you posted earlier today, i wouldnt mind seeing a bidding war break out as happened with Polaris. LAP seem keen to get a foot into a Yilgarn Iron Ore project after missing out with Polaris.
Mindax does have a few large shareholders, Andrew Tsang with 21%, Tse Ngai Yeung and others under HSBS nominees at 17%, LAP exploration with 10% and Jupiter Mines with 9% so it would be interesting to see what would unfold if one of those went ahead with a takeover.
MDXO did have a great run back in the day, im hoping the current MDXO can do something good, although they are well out of the money currently, some good drilling results, higher JORC and maybe an exploration target increase could see them start to come into play later down the track.
MDX Price at posting:
43.9¢ Sentiment: Hold Disclosure: Held
