MDX - Mindax Limited

alankew · 12 October 2007

Kpas i think it was perhaps missed because at the time YT highlighted it,the main focus was U and also U was flavour of the month.The fact that they have results/assays dues very soon makes things interesting.As i have said before there was a show called show me the money in the UK-it was a daytraders delight.YT bringing it to everyones attention(and the speed that these sort of things travel round the internet,iron being in atm, a leaky ship and Bang off it goes)

YOUNG_TRADER · 12 October 2007

kpas said:
This market is absolutely amazing.

That or it's another case of people following YT ?

14c has gone, 14.5c is slowly being eaten away.

Well like I said peeps, this is a real spec play,

Yes its cheap, but then its very spec so keep that in mind

YOUNG_TRADER said:
This is a very high risk hit or miss play folks

adobee · 12 October 2007

My broker contacted me this morning and suggested this stock.. I am starting to think that maybe is sits reading this forum and post made by popular people!!!

juw177 · 12 October 2007

adobee said:
My broker contacted me this morning and suggested this stock.. I am starting to think that maybe is sits reading this forum and post made by popular people!!!

People have obviously taken interest as of this morning because it is the highest volume ever for MDX and still 4 hours left. Does not look like much profit taking is happening as of yet so going along for the ride.

ta2693 · 12 October 2007

adobee said:
My broker contacted me this morning and suggested this stock.. I am starting to think that maybe is sits reading this forum and post made by popular people!!!

Thank you to mate. Which broker are you using?
According my experience, anything suggested by broker is going to have a very big jump in near future. because if a broker suggest you buy something, but end in disaster. they will lose your business in the future. So they are very cautious on making buy recommend.
I remember fwl and imi, yml.when broker suggest buy, the price of share just shoot to sky very soon. today may be the last chance for us to build position.

wipz · 12 October 2007

Just announced today at 1:52PM MDX have started drilling:

COMMENCEMENT OF DRILLING PROGRAM

Mindax have commenced a ten (10) hole RC drilling program at
their Toucan gold prospect at Bulga Downs.

Toucan lies north, along strike from the Paradise Bore gold
resource.

MDX in pre-open, not too sure why?

Cheers

ta2693 · 12 October 2007

it is a very interesting time, it is not hard to imagine what will happen when all seller at 15c are filled. The broker and trader are at lunch. when they are back to their office, they will show you how crazy the price of MDX could be.

wipz · 12 October 2007

ta2693 said:
broker and trader are at lunch.

Do these guys eat????? - i thought they were machines hahah
up to 16.5c already, wish i had gotten in thismorning

ta2693 · 12 October 2007

wipz said:
Do these guys eat????? - i thought they were machines hahah
up to 16.5c already, wish i had gotten in thismorning

Yes they are. I was a trader assistant working for a trading company in China. I know they will go out have lunch.

adobee · 12 October 2007

Damb I just got back from lunch and there is an announcement I only bought this morning at 14c so its only about 30% for me however I am not planning on selling until I see some results from these little holes.. I think thats pretty crazy were digging some holes - bang 65% up for the day..

YOUNG_TRADER · 12 October 2007

adobee said:
My broker contacted me this morning and suggested this stock.. I am starting to think that maybe is sits reading this forum and post made by popular people!!!

Mate who needs a broker when you've got good old Young_Tader? lol

This is just nuts, I can't believe it

And I know this is going to sound crazy, but given what the market did with GNL and IRM, and given the proximity to these two companies projects, I would not be surprised to see some positive Iron Ore surface samples take this to who knows 50c?

Crazy crazy Be careful!

kpas · 12 October 2007

YOUNG_TRADER said:
Mate who needs a broker when you've got good old Young_Tader? lol

This is just nuts, I can't believe it

And I know this is going to sound crazy, but given what the market did with GNL and IRM, and given the proximity to these two companies projects, I would not be surprised to see some positive Iron Ore surface samples take this to who knows 50c?

Crazy crazy Be careful!

I agree.

I am happy to have gotten in early so I will hold and wait for this afternoon.

Keeping in mind that IRM and others did not run redicuously until after 3:30, I think it's still got a little bit left in it.

If that .5m @ 19c goes then there is not much stopping it.

adobee · 12 October 2007

What sort of time frame would one expect between the commencement of digging holes and some results or updates of finds?

SevenFX · 12 October 2007

adobee said:
I think thats pretty crazy were digging some holes - bang 65% up for the day..

Does anyone what how many shares were released on open....????

That's the problem when there's only a few controlling the sell side (no supply) and everyone want's a piece of the pie(greed demand) the price soars, and then the dump selloff... (luckly she's coming down slowly) so many see a rise past these highs today if doesn't fall below 14c with some resistance at 18.5c IMO

If she doesn't fall much below the high, then stronger chance of reaching new highs when breaks through current highs

SevenFX

SevenFX · 12 October 2007

YOUNG_TRADER said:
And I know this is going to sound crazy, but given what the market did with GNL and IRM, and given the proximity to these two companies projects, I would not be surprised to see some positive Iron Ore surface samples take this to who knows 50c?

Crazy crazy Be careful!

Lets hope TIS nothing like GNL, Gapped UP way to much, and Traded(ing) DOWN way to Low...

SevenFX

YOUNG_TRADER · 12 October 2007

SevenFX said:
Lets hope TIS nothing like GNL, Gapped UP way to much, and Traded(ing) DOWN way to Low...

SevenFX

Yeah but if you paid attention to my post yesterday when it was 10c you would be happy

I think this is wayy too much and is not based on fundamentals so can't really comment any more, but the mkts are crazy at the moment so wo knows anything is possible

SevenFX · 12 October 2007

YOUNG_TRADER said:
Yeah but if you paid attention to my post yesterday when it was 10c you would be happy

Wasn't following MDX, nor was I paying attention to your post.

Just pointing out the differences in market reaction to GNL vs IRM.

Market reacts very differently to the Wording of Anns and whether they're stumbling on rock samples or the drilling is Ample

SevenFX

exberliner1 · 12 October 2007

a bit of interest over on HC as well....MDX will be popping up on TA software all over Australia atm too.

The comparisons to some other FE plays at this early stage have encouraged me to get on board with both heads and oppies.

I would have thought that a mkt cap of around $20mn - $25mn would make more sense atm given the market interest in FE . Currently we are less than half that.

Godd luck at all....

EB

YOUNG_TRADER · 12 October 2007

exberliner1 said:
a bit of interest over on HC as well

lol, that explains it then, are they calling it the next IRM or GNL?

Funny thing is todays ann was about gold drilling, now its Iron Ore were after right? :

exberliner1 · 12 October 2007

agreed YT..... but it seems to have put MDX firmly on the radar....which has to be good for us holders.

ANN on gold then a little bit of research uncovers the Fe and the U.... add in the tiny mkt cap and its a bit of a no brainer.

EB

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