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0.2¢ monax mining limited

Ann: Placement to fund exploration at Western Queen Gold Project, page-12

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minoil

7,822 Posts.

269

13/10/17

14:07

Post #: 27886443
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Originally posted by jonathan_2412 ↑

Still have no idea who got these holdings after enquiring about. Tight lipped.

Personally? I think we are going to see some downward pressure for awhile. Those 110 million shares, will have to be churned out. Good thing I came in with a pilot entry knowing full well they needed to do a placement. Just didn't know they were willing to do it so soon with these VWAP prices. That being said, I think the upside is definitely high from hereon.

Might have another placement in October/November, but come December, I'll have a price target in mind and hopefully the POG macro supports this for the time being.

Will be short term pain boys, so let's see who can ride this out.

I'll be looking to top up at the 0.5c mark.

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i waited for ages at .005 to finish off, but decided to load out of the 6's this morning, before the soak started....be very surprised to see any drop into the 5's now, word seems to be getting around

MOX Price at posting: 0.6¢ Sentiment: Buy Disclosure: Held
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