"Vendors selling to MOX, why ?" I would suggest because they...

"Vendors selling to MOX, why ?"
I would suggest because they have no way to access the money needed to explore and develop, Monax can.

"Retained losses of $20,985,181 just goes to show how much shareholders have been drilled so far."
Well this is a pure exploration company, purely high risk, not much different to Xlotto, if you need the money don't put it into pure exploration companies. Rewards can be astronomical, Losses just as big. Exploration is a lottery based on (hopefully) educated scientific guesswork, it either comes off or it doesn't. Monax has some excellent ground and prospects. Will they deliver a bonanza? Don't know, but I live in hope, and that is all it is. I hope that the company's research and expertise has/will identify that one shot in ten million that turns the investment into a real bonanza. My investment here is based on me understanding what their target mineralisation is and if the ground they hold is prospective for that. So far, yes it is (the ground that is). Have they found it? No, not yet, and it may not be there. Punt Hill is a classic case, good ground, lots of positive hints, but so far no cigar. We could have missed it by as much as 1cm. Unless you have x-ray vision drilling is all you have and if you do miss by 1cm you will never never know, until the next guy hits it.

And don't forget, if they do hit a bonanza that 20 mill is a tax deduction on any income IIRC.