md's buying a vote of confidence

A significant release on Friday which may have been lost in the rush into the long weekend (though stock was up 7% on the day).

Monax MD Gary Ferris disclosed outlaying $30,000 to purchase 500,000 shares in MOX at $0.06 per share. This is the first time that he has purchased shares in MOX since commencing in September 2009.

The timing is important given that it comes after stablemate Marmota Energy (MEU) noted that the recent drilling program on their jointly owned Melton tenement has produced visible sulphide mineralisation which "continues to reinforce the prospectivity of the project area." And the purchase has occurred well in advance of the release of the preliminary assay results due late in June 2011.

A material vote of confidence in my book.