Often share prices drop below the capital raise price (which was...

Often share prices drop below the capital raise price (which was in this case 2.1 cents), after a capital raising.

The company was first listed on 21/9/05, and cheapprice has noted the duster word, since that date.

Expectation rests on this Parndana drilling (especially since as has been already noted, it was an IPO attraction) presently in progress.

It appears at this stage: Punt Hill planned next, then Millers Creek.

There is certainly perseverance with Punt Hill as it was Monax's first Managing Director (Michael Schwartz) who released the Punt Hill drilling update (delays!) on 26 August 2006.