MOX 0.00% 0.2¢ monax mining limited

If by mc you mean market cap (x shares times y price) then it's...

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  1. 5,457 Posts.
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    If by mc you mean market cap (x shares times y price) then it's irrelevant to the question I posed and the theme of jeans_sammy's posts re soaking of supply which is about when the balance between selling and buying is going to turn. If by mc you mean something else I'd like to know what it is because your post is otherwise too oblique to decipher.

    There was a placement recently at 1 cent, the price has been driven up to get those sophisticateds out at a good return. Now the short term question is at what point does the selling they have driven become too much ie gone too far. It's slowing but the indicators aren't saying it's gone too far and ready to snap back. Hopefully 1.5/1.6 is the equilibrium point.
 
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