MOX 0.00% 0.2¢ monax mining limited

why is this share price crashing, page-9

  1. nsh
    812 Posts.
    hi - this is an exploration company, if you want to buy something that is producing, go buy some BHP shares. Personally, I'm in this for the potential of the current drilling program to identify a higher grade of Cu. and for access the the U spinoff. There is every point in comparing the 'potential' resource to that of areas like Olympic Dam. This company is an explorer, and valued as such - the fact is, the price drops and rises on very little news as a large portion of the traders are speculators wanting to make quick dollars. They have 9 projects at the moment, and every one of them has the potential in add significant value. I am in it for the potential, and have taken on that risk - say what you like about the company, but I'm happy with the 'potential' to sell my shares to BHP one day for $5. :)
 
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