Some high level numbers on MOX;
7 March – Appendix 3b released for 27m shares raised at 0.5c.
Feb 26 – 17m shares traded with a high of 1.1
The two events above need to be soaked before MOX can break out properly.
If we look closer we will see that on Feb 26 there was only 630,000 shares traded at 1.1 which needs to be soaked.
So in total around 28m shares need to be soaked.
Since the 3b was released 35.5m shares have been traded which tells me supply should be drying up considerably.
Obviously a positive announcement will help.
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