Each one in plain English, with the numbers worked through for a shareholder.
17 Mar 2014drilling result▲ Good
Modelling of the Millers Creek gravity data outlined three priority copper-gold targets plus lesser prospects. A helicopter magnetic survey follows within two weeks to help place drill holes. These are targets only; no drilling decision yet.
12 Mar 2014half year report▼ Bad
Half-year to 31 December 2013 shows a net loss of $6,658,533, against a profit of $1,911,837 a year earlier. The text excerpt gives no cause for the swing. Restates the Wilclo South resource and the Antofagasta farm-in, with US$3.95m spent so far.
10 Feb 2014drilling progress report● Neutral
Millers Creek gravity survey finished ahead of schedule, with 2,616 new stations over four areas. Final data is due end of February and modelling by mid-March. No results yet.
4 Feb 2014drilling progress report● Neutral
Infill gravity survey started at Millers Creek, funded by Antofagasta. A closer review cut the seven earlier targets to four areas holding six gravity targets. Modelling is due by mid-March, and any drill decision rests with the Technical Committee.
30 Jan 2014asset acquisition disposition▲ GoodMajor
Monax signed a deal with Marmota to take full ownership of the Phar Lap copper-gold project (including 75% of its uranium rights, so Monax now holds 100%). In return it gave up its 50% of Ambrosia, Mulyungarie rights and half its Melton JV interest. Drilling targeted mid to late 2014, subject to access and funding.
30 Jan 2014asset acquisition disposition● Neutral
Marmota's side of the Phar Lap swap: it gains 100% of Ambrosia and Mulyungarie and lifts Melton to 75%, with Monax reduced to 25%. Confirms the Monax release; no new terms for Monax.
30 Jan 2014quarterly activities report● Neutral
December quarter: cash $1.3m after selling about five million Marmota shares; about $117k raised from the rights issue; $282k spent on exploration. Monax now says it will seek a partner for or sell the Waddikee graphite project to focus on copper, a shift from earlier graphite emphasis.
20 Dec 2013farm in farm out agreement▲ GoodMajor
Antofagasta approved further Punt Hill drilling (starting Q1 2014), which triggers Phase 2 to lift its stake from 51% to 70% for a further US$5m. Phase 2 extended from two to four years, scoping study dropped; success fee US$10m. Spent US$3.9m so far.
9 Dec 2013joint venture update● Neutral
Maximus announces seven gravity targets on its Billa Kalina tenements, mirroring Monax's Millers Creek release. Alliance pays all exploration costs during the MoU period, and infill gravity is planned from January 2014 pending approvals.
9 Dec 2013drilling result▲ Good
New government gravity data outlines up to seven potential copper-gold targets at the Millers Creek project (3,166km2). Closer-spaced gravity surveys are planned from January 2014 once approvals arrive. These are targets only, with no drilling yet.
28 Nov 2013investor presentation● Neutral
Conference presentation largely repeating known facts. It says the Technical Committee approved three Punt Hill drill sites, pending Antofagasta funding approval. Drilling is planned for 2014 at Algebuckina, Reedy Lagoon and Phar Lap.
27 Nov 2013investor presentation● Neutral
Mining South Australia conference presentation, mostly repeating known facts, with Waddikee graphite history and drilling. Share price 2.5c, market value $3.8m, cash $1.04m at 30 Sept. Strategy now lists graphite alongside copper and nickel-copper.
20 Nov 2013agm notice● Neutral
Chairman's AGM address: capital markets for juniors have worsened further. He points to the Millers Creek project and the Antofagasta alliance extension, and the Wilclo South graphite resource. Repeats known facts and adds no new results.
20 Nov 2013agm notice● Neutral
All AGM resolutions passed: remuneration report, re-election of chair Kennedy, and appointment of Grant Thornton Audit Pty Ltd as auditor, replacing the Grant Thornton partnership subject to ASIC consent. Routine administration.
20 Nov 2013investor presentation● Neutral
AGM presentation repeating known facts: cash $1.04m at 30 Sept, 150.2m shares, share price 2.8c, market value $4.2m. Restates the Waddikee resource and Punt Hill spend of about US$3.9m. No new announcements.
19 Nov 2013other● Neutral
Marmota Energy announcement that it has earned 100% of the uranium rights at Junction Dam. Nothing in the text concerns Monax's own assets or interests, so no direct effect on Monax is stated.
18 Nov 2013capital raising announcement▼ BadMajor
Rights issue closed 14 Nov with only 3,932,454 shares taken up (about $118k at 3c) out of 48,991,628 offered, leaving a shortfall of 46,139,814 shares. Directors are talking to interested parties and can place the shortfall within three months.
What it means for a shareholder
3.9m new shares at $0.030 to raise about $118,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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11 Nov 2013regulatory community update▲ Good
Alliance won three exploration licence applications (3,396km2) in South Australia's Musgrave Province, targeting copper and copper-nickel; two were competitive. Not yet granted, and they go to Antofagasta for a possible Designated Project decision. Early sampling and electromagnetic surveys are planned.
7 Nov 2013joint venture update▲ GoodMajor
Antofagasta's Alliance formed the Millers Creek Designated Project: three Alliance tenements plus Maximus's four, 3,165km2 in the Woomera area. Under Alliance terms Antofagasta holds 51% and Monax 49% of a designated project. Gravity work planned late 2013 or early 2014.
4 Nov 2013farm in farm out agreement▲ GoodMajor
Maximus Resources signed a binding MoU giving Monax Alliance six months' exclusivity on its four Billa Kalina tenements (2,342km2), for US$25,000. Alliance can then farm in to earn 80% by spending US$3m. This adds a new Alliance copper-gold prospect.
4 Nov 2013farm in farm out agreement● Neutral
Re-release of the 4 Nov Maximus MoU: Alliance gets six months' exclusivity on four Billa Kalina tenements (2,342km2), and can earn 80% by spending US$3m over three years. Adds detail: Maximus can then sell its 20% for US$4.5m. Access awaits a Woomera deed expected late 2013.
31 Oct 2013quarterly activities report● Neutral
September 2013 quarter: cash $1.04m after $374,000 exploration spend. Monax sold about 11.1m Marmota shares as capital management, reducing that holding. Rights issue and Wilclo South resource are already known.
14 Oct 2013capital raising announcement● Neutral
Rights issue closing date extended from 22 October to 14 November 2013, with new shares now trading from 22 November. No reason is given in the text.
25 Sept 2013investor presentation● Neutral
September 2013 presentation repeating known facts: Wilclo South resource, rights issue, cash $1.3m at 30 June, 150.2m shares, price 3.1c, market value $4.5m. Drilling at Algebuckina, Reedy Lagoon and Phar Lap now planned for 2014.
24 Sept 2013capital raising announcement● Neutral
Shareholder letter restating the rights issue terms: 1-for-3 at 3c, up to about $1.5m, record date 1 October. Funds go to Wilclo South metallurgy and Francis work. Repeats known facts.
23 Sept 2013capital raising announcement● Neutral
Prospectus lodged for the 1-for-3 rights issue at 3c, issuing up to 50,071,601 shares to raise about $1.5m. Closing date 22 October 2013. Board cites constrained capital and a mix of direct exploration and partnerships.
What it means for a shareholder
50.1m new shares at about $0.030 to raise about $1.5m. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
Create a free account to see this worked out for your own holding.
20 Sept 2013annual report● Neutral
Annual financial report for year to 30 June 2013, listing directors Kennedy, Davis and Ferris. The text shown contains no financial results, so no figures can be reported here.
17 Sept 2013capital raising announcement● Neutral
Administrative letter to optionholders on the rights issue: options must be exercised by 1 October 2013 to take part. No new information beyond the announced 1-for-3 offer at 3c.
16 Sept 2013capital raising announcement● NeutralMajor
Monax plans a 1-for-3 non-renounceable rights issue at 3c per share to raise about $1.5m, a 15% discount to the 30-day VWAP. Funds go to Wilclo South metallurgy, Francis drilling, graphite marketing and working capital. Shortfall may be placed by directors.
16 Sept 2013joint venture update▲ GoodMajor
Antofagasta will extend the Strategic Alliance a third year, providing up to US$400,000 for copper project review. Punt Hill spend is about US$3.9m, still short of the US$4m needed for 51%. Wilclo South metallurgy and graphite marketing to start.
