Greg bromley never responded to my previous emails but most of my questions have been answered in his address.
i am sure Lion Group was in it for the dso they have not purchased any shares since the upgraded results and plenty of shares available if they wanted them.
Cant see the options getting into the money as dso was the driver for share price increase.This will put funding requirements under strain next year.Loved to be proved wrong on this one as I hold well over 1 million options.
I think our best hope lies in consolidation of the area most probably through JMS and possibly that is why is extra rig is being utilised to try and get the magnetite number as high as possible and hope for a small increase in the dso numbers.If they are high enough I think JMS would take control of Mt Forrest considering their long term plans to become a major force in the supply chain.
That would leave Mindax to concentrate on the Mortlock and Uranium leases at least that is what I think when Greg said we could see a very different Mindax next year.
Mick
MDX Price at posting:
41.9¢ Sentiment: None Disclosure: Held
