A quick look at my Diggers & Drillers watchlist just a few...

A quick look at my Diggers & Drillers watchlist just a few moments ago reveals an interesting situation, to say the least.

The only stock that hasn't moved is Castle Minerals (CDT) - all the others are up 10% plus on well above average volume. The market let the news from Diggers settle for one day before resuming enthusiastic buying.

What does this mean for Monax?

It means that as soon as their assays can confirm the presence of flake graphite @ Waddikee, it essentially joins that exclusive list of stocks covered by Diggers.

These sorts of situations lead to potentially explosive outcomes as punters sit on the sidelines and wait for someone else to take the lead. When a stock is caught at the back of the pack, when it tries to play catch up, the results can yield great returns for those who took a chance on it.

For me this is just a trade simply because of my dislike for managements past performances but that may change dependent upon results and future movements at Punt Hill.

Marchello