MOX 0.00% 0.2¢ monax mining limited

Ann: Appendix 3B, page-51

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,601 Posts.
    lightbulb Created with Sketch. 102
    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.
 
watchlist Created with Sketch. Add MOX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.