Not management's fault, you level the same comment at AXE and LML, both of whom have comparable graphite assets to Waddikee and their SP is doing the same as MOX's was...nothing. I don't understand why the market has totally ignored these three (now two) graphite plays and gone for much higher risk companies. All three managements released very good JORC's and plans for progression and the market didn't even raise a yawn. Go figure, I can't make sense of it. At the very least all three should have had market caps 3-4 times what they are if you compare them to LMB, TON etc but no, I guess no sovereign risk, excellent infrastructure and JORC's doesn't mean much to the market.
Then with MOX add in the sleeper on KI and the Chilean JV's in the Roxby Provence and they should be 20c+, but what would I know?
AXE Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held
MOX Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
