After seeing Mungy's post last night, I looked up the 121 Mining Investment website and reached the Rox Resources submission, which confirms the company's current situation and plans and goals for the next 12 months. The company's rationale for taking part in the meeting was to: a) Increase institutional shareholder base, b) Increase market buying support, and c) Potential funding to progress feasibility study - all much as you'd expect.
However, with anticipated company announcements in mind, I found this particular sentence in what was named as Rox's "top 3 key investor takeaways" of particular interest ... "3) Attractive entry price relative to peers, valuation re-rating imminent. Somehow I doubt the announcement we're all waiting for will be a disappointment.
As for the "increase market buying support", I see this also as particularly important. New buying "blood" would (hopefully) make it much more difficult for brokers to continue manipulating the SP and therefore reining in the VWAP - which no doubt would be cited in its offer by any organisation contemplating a TO and wanting to disguise a ridiculously low bid as "generous".
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32.0¢

After seeing Mungy's post last night, I looked up the 121 Mining...
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $238.9M |
Open | High | Low | Value | Volume |
33.5¢ | 33.8¢ | 32.0¢ | $515.0K | 1.573M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 64463 | 32.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
32.5¢ | 63565 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 64463 | 0.320 |
3 | 47200 | 0.315 |
1 | 16000 | 0.310 |
1 | 38555 | 0.305 |
1 | 3333 | 0.300 |
Price($) | Vol. | No. |
---|---|---|
0.325 | 63565 | 2 |
0.330 | 68121 | 2 |
0.335 | 350000 | 2 |
0.340 | 340000 | 4 |
0.345 | 65000 | 2 |
Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
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