MDX 0.00% 0.3¢ mindax limited

takeover target via oppies

  1. 3,394 Posts.
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    Tsang now holds 16% of shares, Red Rock is at 10%. During the course of the last twelve days the oppies have shown a +36,000,000 On Balance Volume. U do NOT have to declare your oppies holdings to the ASX so it is quite possible that someone has accumulated a very substantial position in the oppies for a "play" in MDX. In essence it is possible that about 50% of the shares and oppies could be under the control of one party. My sense is that the sell side in both the shares and oppies is very very thin at this stage. To-days volume of less than 1.5 million shares and 350,000 oppies is indicative of this tight situation. good luck to all longs
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