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Mindax Limited
MDX.AU
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Mindax Limited Addresses ASX Price Query Amid Recent Trading Activity

Mindax Limited (AU:MDX) has addressed an ASX price query related to its recent trading activity. The company has subscribed for a 5% interest in an unlisted public company with iron ore interests near its Mt Forrest Iron Project. Although Mindax does not consider this information market-sensitive, it has requested a trading halt for transparency and is preparing a formal announcement. The company confirms compliance with ASX Listing Rules, and its responses have been authorized by the board. Mindax operates in the mining industry, focusing on iron ore projects, with a current market cap of A$146.8M.

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3 ASX Penny Stocks With A$80M Market Cap

The ASX remains below 8,000 points amid Wall Street uncertainty, with energy stocks gaining and telecoms lagging. Penny stocks are attracting investor interest, offering potential opportunities. Notable penny stocks include EZZ Life Science Holdings (A$79.72M market cap), Mindax Limited (A$88.10M market cap, pre-revenue), and OFX Group (A$304.40M market cap) facing challenges like negative earnings growth. Baby Bunting Group (A$254.32M market cap) plans expansion despite low return on equity and declining profit margins. Investors can explore a comprehensive list of ASX penny stocks for potential investments.

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Mindax Limited Issues 11 Million Unquoted Options

Mindax Limited (AU:MDX) has announced the issuance of 11 million unquoted options, set to expire on November 30, 2025, with an exercise price of $0.07. This move is part of a previously disclosed transaction and is not intended for quotation on the ASX, which may affect the company's capital structure and enhance financial flexibility. The company's current market cap stands at A$77.85 million, with a year-to-date price performance of -5.00%.

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Mindax Limited Announces Proposed Issue of 53 Million Securities

Mindax Limited (AU:MDX) has announced a proposed issuance of 53 million securities in the form of options, set to expire on November 30, 2025, with an exercise price of $0.07. This move aims to generate capital to enhance the company's financial standing and operational capabilities within the mining industry, where it focuses on exploring and developing mineral resources. The current market cap is A$88.1M, with a year-to-date price performance of 7.50% and a strong buy consensus rating.

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