MDX 10.5% 4.2¢ mindax limited

what happened to the sp today, page-16

  1. 3,509 Posts.
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    Yes, they will and here is an excerpt from a recent article re RRR stake in JMS that refers to MDX and their plans for the central Yilgarn:

    "The company also has a holding (almost 9p.c.) in Mindax Limited, an ASX-listed company with tenements lying immediately north of Mt Alfred. Recent iron ore exploration results from Mindax and other neighbouring tenement holders continue to reinforce Red Rock's belief that Mt Alfred is "an exciting, prospective tenement".

    Mr Andrew Bell, chairman of Red Rock, has previously commented that although the Central Yilgarn has an established port and infrastructure, it features only a single established iron ore producer, Portman Mining. Whilst there are many other tenement holders in the region, their total market value is only a fraction of Portman, even though their combined ground holdings and resource potential are probably greater than their producing neighbour.

    "Many of these small companies are drilling their properties for the first time this year and their market values should increase accordingly. However, consolidation and integration are needed in order to speed up development and realise true value. We will promote the process in every way we can", said Mr Bell."
 
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