From July 09 when the the MD , Ferris took control it has been all hands on at Monax. So many new projects announced as well as ongoing projects advancing strongly. The latest announcement that Monax will retain 50% of the Melton Project sends out positive signals that all is going well there.However it's partner Marmota is very tame at the moment maybe because the security on sight which has not lent itself to any rumours one way or the other. I think the main reason for the activity in Monax at the moment is the Punt Hill project .It has been 2 years now since Monax share price went through the roof then disappointment. Since then the time has been spent wisely analising previous data and they have finally targeted two very promising zones at much shallower depth.Earlier reports mentioned that drilling would commence in the first quarter of 2010 so now that has come and gone it would not be a surprise to here that announcement very soon. Monax must be the busiest low cap stock on the market and with so many projects on the go it would be good to see one of them come up trumps.I am a long term holder of this stock and have always had faith in the management at Monax to one day reward so many of it's small time investors.
MOX Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
