No not quite correct -the gold resource was originally discovered by Sipa in the 90's. Then Greg Bromley listed Mindax in 2004 essentially on the Paradise gold resource. Then I recognised the iron ore potential and brought our London company into the picture which held a substatial stake even after we took over Jupiter Mines. I brought Andrew Tsang into the picture who invested a lot of money -Bromley resigned and Tsang now controls the company.
They are not reliant on local funding -the Chinese will provide the funding I presume. The point is it is a public company a fact that is lost on the Chinese. Stay tuned -
MDX Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
