I think that the mob organising the placement will try to make sure that there is interest in the spp by maintaining a premium in the daily share price whilst the offer is open. Whether that premium holds once the spp is closed is another matter. If the company can continue to get some real runs on the board, then she may well be upward from here.
If you lok at where the funds are being used: drilling program on KI with no start date stated, infill magnetic survey for Punt Hill (no drilling), and working capital for Wadikee.(yeah, whatever).........
MY question is: when are we going to see a share price moving announcement from that lot of expenditure.....no time soon, in my mind.
MOX Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held