Ann: Monax to Raise Equity for Drilling of Parndana IP Anomaly, page-6

Looks like the market is accepting the cap raise, no panic selling, yet.

This is one of those 'under the radar' type companies where interest will only be generated when they find something. Having someone else spend the money in the outback while management concentrate on Pandana, sounds like a great bet to me.

I'm very confident they will find good Zn and Pb at Pandana, just hope they get good grades of Silver as well!