MOX 0.00% 0.2¢ monax mining limited

Ann: Rights Issue - Notification of Shortfall, page-6

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  1. 6,376 Posts.
    lightbulb Created with Sketch. 2614
    This is relatively good news, I'll be especially interested in the change of directors interest notices that come out next week. That should put a rocket under this.
    Then they have 14,656,421 shares uptheir sleves to place when ever they like.
    Assumptions, Directors buying above allocations, sends share price higher.

    They drill Parndana, hit lots of photogenic spalerite and galena, SP spikes higher, second hole same as first, but wider widths, shares go to $1. Third hole just as good 150m to EOH all good stuff. Shares consolidate between $1-1.50.
    Assays come back, brilliant, exactly as photos looked, some high grade silver in there as well, sharesspike to $2.50-3.50. company places last 14m shares for further drilling and studies at $3.25.

    Yes I know, tell him he's dreaming....

    Then I woke up.
 
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