MOX 0.00% 0.2¢ monax mining limited

dump coming, page-2

  1. 1,104 Posts.
    agree. thankfully sold most of my shares before hole 1 was released. all out now. Still made a very nice profit out of what is probably nothing substantial.

    I don't think 2 and 3 will be that good now. Have previously said Hole 1 would be ordinary (it was) and Hole 3 woudl be the best. Probably will still be the best, however they certainly are not acting like a company that has made a big discovery and believe me they should know if it is a big discovery, any competent geo would have been able to tell if the core was likely to average 1.5% copper or thereabouts. Observe the AGM presentation, Holes 1 to 3 were tucked away at the back of the presentation. If they hit something big there, they would be all over it. They are not. Indications are its not big.

    There are going to be a lot of very nervous investors at the moment reassessing their positions. Bad result on next hole will send it South. My prediction is Hole 2 and 3 are not economic.

    My opinion only. I hope for all people who choose to continue to hold that I am wrong. Their tenements obviously show promise and results on hole 1 to 3 may point to something big nearby, but risk is a big drop from the current SP.

 
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