MDX - Mindax Limited

[roland]

Maybe 0.21 is tops for today.... 0.20 support is dwindling and a profit taker is pulling the SP towards 0.205

...correction - profit taker withdrew

 

[prawn_86]

Can we please avoid price commentary unless there is something meaningful or totally extraordinary happening, aside from general price rises.

If people want to know what the price or depth is at then they can easily check themselves.

thanks

prawn

 

[roland]

Can we please avoid price commentary unless there is something meaningful or totally extraordinary happening, aside from general price rises.

If people want to know what the price or depth is at then they can easily check themselves.

thanks

prawn

Yeah, I thought it was a bit much too, but made me feel good for a while

Sorry to have upset you enough prawn to have wasted your time in the scolding.

 

[YOUNG_TRADER]

Well it looks like MDX has joined the Iron Ore bandwagon,

Surface and rockchip samples are due soon from the Mt Forrest Bulga Downs project, which is near JMS's Mt Ida,which happens to be where IRM and GNL both recently had some work done,

Given IRM and GNL went to the moon on the back of there limited work/surface samples I think MDX presents a very high risk speculative opportunity

Current Market Cap = $5m

I've grabbed a couple 100k options at 2-2.3c today



This is a very high risk hit or miss play folks

Well its taken a couple of months but looks like the specualtive risk has paid off in MDX,

It was only a matter of time I guess given how GNL and IRM performed,

of incredible interest to me is the relentless buying today into the close taken MDX to a high

Something is definately in the wind,

Annoyed I let a few go this morning when I thought it was a pump

Interesting times ahead

 

[mick2006]

YT, I would be willing to bet it has something to do with setting up an iron ore alliance between RRR,IRM,MDX and possibly even JMS. It is clear RRR is making sure they have a seat at the table when it comes time for consolidation.

It's clear none of the above companies have the firepower to take iron ore reserve's through to production given the lack of infrastructure in the area, but via an alliance/consolidation there would certainly be a better chance of getting the funding together needed to set up the infrastructure.

 

[Uncle Festivus]

Annoyed I let a few go this morning when I thought it was a pump

Interesting times ahead

Correct me if I'm wrong (as I'm not following this one), but essentially they are saying that "we picked up a few rocks, they happened to have some iron ore in them - let's assume it's 75m deep - we now would like to start mining within 6 months. Oh, one more minor thing, we might put a few drill holes down just to be sure"

The pumpers were willing to pay up to ave 20c before having a rest & let the daytraders take over after 10.45 am.

That was the pump, will there be a dump? Or do we just keep playing the game .

 

[Rocket man]

that would be nice Mick although while MDX sp was powering along, IRM and JMS sp both dipped today

Definately makes good sense though

 

[YOUNG_TRADER]

The pumpers were willing to pay up to ave 20c before having a rest & let the daytraders take over after 10.45 am.

That was the pump, will there be a dump? Or do we just keep playing the game .

Hey Uncle, no idea

It was 8c-9c when I first stummbled across it, its was 12c last week and even 14c yesterday so who knows what the hell is going on

No idea, we'll have to wait for the dust to settle

 

[Gekko]

Well its taken a couple of months but looks like the specualtive risk has paid off in MDX,

It was only a matter of time I guess given how GNL and IRM performed,

of incredible interest to me is the relentless buying today into the close taken MDX to a high

Something is definately in the wind,

Annoyed I let a few go this morning when I thought it was a pump

Interesting times ahead

Hey YT, amazing work, how do you find these undervalued companies?

Do use some sort of research or stock selection software?

Do you have a broker, or do brokers call you (lol)

Keep all the research coming.

Anymore undervalued companies you care to throw our away?

 

[YOUNG_TRADER]

Hi Geko,

I have a little bird that sits on my shoulder which occassionaly jumps ontot he keyboard, its 2 little feet hit 2 letters while its beak hits a 3rd and hye presto you get a stcok ie MDX lol :

Mate just lots and lots of research ie reading lots of reports anns etc etc

Re MDX its interesting to note that the 20c barrier seems to have been broker with lots of volume going through above 20c now (including yesterday)

Watching with interest

 

[Uncle Festivus]

Yes, 20c is the 'waterfall' level. If it holds then ok, but if not there could be an exit of the rampers? I expect it to be tested going into the close, or go close.

 

[spottygoose]

Yes, 20c is the 'waterfall' level. If it holds then ok, but if not there could be an exit of the rampers? I expect it to be tested going into the close, or go close.

And if it holds hopefully there will be an exodus of the downrampers... A weak day after a steller rise the previous day does seem a recipe for accumulators to shake the tree for weak hands and profit takers. The close just may tell the story. I'm holding tight and accumulating oppies where I can.

 

[YOUNG_TRADER]

Hi Geko,

I have a little bird that sits on my shoulder which occassionaly jumps ontot he keyboard, its 2 little feet hit 2 letters while its beak hits a 3rd and hye presto you get a stcok ie MDX lol :

Mate just lots and lots of research ie reading lots of reports anns etc etc

Re MDX its interesting to note that the 20c barrier seems to have been broker with lots of volume going through above 20c now (including yesterday)

Watching with interest

Whoops that was meant to read brokeN not brokeR, ie 20c Barrier Broken = should act as support

I should learn to speel batter

 

[fishomc]

So have we worked it out yet?

40% silica? So even the rock chip samples were 40% silica/sand. Sounds like real quality ore to me.....not.

Nothing like a bit of corporate decoy buying to get everyone excited, sophisitacted pump going on here IMHO.

Just remember, RRR directors/associates etc dont have to disclose thier trades in MDX, were some buying up at 10cents at the same time RRR the company was buying?....are they still holding?

Be careful guys.

 

[roland]

I have a thought, if RRR knows that their actions of buying MDX stock directly increases the SP of MDX, wouldn't it make sense to continue to "tickle" the market with smaller purchases, then sell off your larger, earlier portion, at a very good profit?

I know I would, if I could...

I suppose this would be considered as price manipulation. If RRR bought at 0.12, they could sell today and make 100% profit. Maybe there are not enough buyers around to make this happen?????

 

[spottygoose]

Why all the assumptions that they are only buying to turn around and sell for a quick profit? RRR are not playing games imo they want a stake of the company. The have adjoining tenements and if you read the RRR website it alludes to working in the interests of a common goal type thing. It makes sense for them to have a stake in the company next door when they have walked the ground and know the potential. Why would they relinquish their holdings now before drilling even commmences. Why also do we assume it is always Red Rock buying how do we know others have been recently accumulating. Time will tell but I don't subscribe to these theories I see the SP heading steadily north.

 

[roland]

Mr Andrew Tsang now has 10% of Mindax. I'm starting to feel like a very small fish now. That's a big heap of stock for a private investor.

Whilst typing this, Mr Tsang has increased to 12%. OK, I'm holding - I did have a very small intention of taking a few profits, but I'll assume that RRR and Mr Tsang know more than I do. (wouldn't be hard huh?)

 

[gfresh]

Sound like chinese names (even though they are based in Perth) ? Should we be reading anything into this, or co-incidence?

 

[roland]

Sound like chinese names (even though they are based in Perth) ? Should we be reading anything into this, or co-incidence?

Not sure, I had a bit of a hunt around of major shareholders of little companies like MDX, but haven't found them anywhere else just yet. It's a good confidence boost to see others taking major positions.

 

[YOUNG_TRADER]

Mr Andrew Tsang now has 10% of Mindax. I'm starting to feel like a very small fish now. That's a big heap of stock for a private investor.

Whilst typing this, Mr Tsang has increased to 12%. OK, I'm holding - I did have a very small intention of taking a few profits, but I'll assume that RRR and Mr Tsang know more than I do. (wouldn't be hard huh?)

My first thought was who the hell is this Mr Tsang, he sounds Chinese or Asian which is very interesting, but who the heck is he,

Then I thought, he's been buying all last week, what the heck is his rush?

I mean he could have accumulated at 11c-13c instead he's bought 11m at an avg of 18c-20c I'd say, why? Why would any accumulator do that

Very strange,

The only thing I could think of is that "some event" or "news" may be pending which has forced this accumulator to acquire on a very limited time frame, ie a few days thus forcing him to pay up