They needed a new project to kick start interest. I have not seen such catastrophic SPP done in awhile.
This project whilst not a game changer can still yield 3-4 bags from this price point. Comparable to what DDD did when they acquire the Haiti project, the market took it's time to buy in. 2x good raising done, and it's already close to 2 bags from when they first acquired it.
That is what Ian and Rob needs to do here. If they can get a CR (necessary), for about 1 million or 750k at a premium on the VWAP or close to current SP @ 0.06 or 0.065, I think that will send a very positive tone to the market. The POG macro definitely helps with sentiment.
Will wait and see how it goes. might take a while.
MOX Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held