The AIM listing going ahead is a pretty good bet imo. A lot of work had been done to get MOO to this stage, and the confidence shown by Sentient coming on board with $7.8mill is a reflection of that.
Monto Minerals heads for London GOLD Coast-backed junior miner Monto Minerals is to join the growing rush of Gold Coast companies listing on the Alternative Inv e s t m e n t M a r k e t in London. Following the likes of the Southport-based Bartercard and the Sanctuary Cove-based techn o l o g y c o m p a n y Virotec, Monto yesterday announced that it is a i m i n g t o l i s t o n London’s secondary market. The company said the money raised during the float would be used to complete funding of its Goondicum industrial minerals project in Central Queensland. Monto executive chairman Peter Slaughter said the company had signed a letter of engagement with UK broker Ambrian to pave the way for the listing. ‘‘This is an exciting and highly significant s t e p t o w a r d s p r o - d u c t i o n , ’ ’ said Mr Slaughter. ‘‘The project’s robust economics have been established by a feasibility study and more than half of the first year’s planned production has been contracted for sale.’’ A successful listing will raise the remainder of the $40 million the company needs to fully develop the mine which will produce feldspar, ilmenite and apatite for both Australian and export markets. The company hopes to complete the London listing in early April. Gold Coast Bulletin Tuesday 24 January 2006 Page 19
MOO Price at posting:
0.0¢ Sentiment: None Disclosure: Held
