ozblue Your considered post of "What Havilah Resources stated...

ozblue

Your considered post of "What Havilah Resources stated about Parndana in Feb '03",
was appreciated.

Your comment:
"They went west, when they should have gone east. There is a good probability that
Monax are about to hit a major mineralised system.............."; appears incisive.

It is noteworthy that Monax was floated with Parndana as a key asset (ex; the expertise of respected exploration geologists at Havilah Resources, for float equity participation).

After years of pasture it is finally being put out to race.

Antofagasta has withdrawn its interest in the Kangaroo Island Alliance Project and Monax is in the process of transferring EL 5353 back to the Company.
and:
Antofagasta Investment Company Limited (Substantial Holder) has notified
the Company that its present intention is not to take up its Entitlement.

There seems an integrity on Antofagasta's part: in that the Entitlement issue was to a large extent to fund the Parndana exploration.

It thus begs the question: why did it not fit the parameters of Antofagasta?

There must be real confidence on Monax's part to proceed (almost a doubling up at the table), and that Monax could well hit a major mineralised system.

All shareholders (including Antofagasta!) will be rewarded if the drilling is successful.
Thank you,
Slider

PS: took up full entitlement +++