I don't think there'll be a TakeOver anytime soon.Why? because...

I don't think there'll be a TakeOver anytime soon.Why? because there is no JORC reserve ascertained so how can a Value be determined? Also does the TakeOverer want the other MDX tenements?Prepared to pay for these on the chance of the Iron Ore?
As has already been said,both Red Rock and our Andy now have "spoiling" stakes.No Takeovers without their consent.I think that it MAY happen that all the companies in this Field/Iron Mountain whatever are being put together to Fund Required Infrastructure.This also has been pointed out before.

I think also that the Chart is distorted by Andy's Buying and readings of it are mere quessing and Hoping.Andy's NOT going to Buy Anymore [probably]So who's going to wade in to keep MDX above his Average Buy Price of 25 cents?

Anyhow I'm out.MDX has prospects.If your IN from 20 more or less Good On You you can afford to HOLD the Faith BUT...
well 30+ buyers?have to make up their own minds.
cheers.