PDA

View Full Version : MOX: Monax Mining Ltd



stolwyk
17-07-2006, 11:29 AM
MOX: Monax Mining Ltd: http://www.monaxmining.com.au/

Shares: 49.2 mill. About 20 mill of these are on longer term escrow, leaving 29.2 mill listed shares issued. HAV holds 10% of shares.
Unlisted 2008-2010 options: 10 mill.

Quarterly: Cash on 31 March 2006: $4.1 mill. Outflow: $0.563 mill.

25 Oct. 2005: Property Exploration Priorities Updates:
http://sa.iguana2.com/cache/d8f8389a377ade65e1a93d8ebb6a84e0/ASX-MOX-148692.pdf

29 Nov 2005: Chairman's address:
http://sa.iguana2.com/cache/92e3aadd90d1d8103e4df2da7dc98cf2/ASX-MOX-149294.pdf

Monax issues monthly reports: June 30:
http://sa.iguana2.com/cache/bab9be21b4b23c105a1109598999481b/ASX-MOX-152702.pdf

3rd quarter activities/cashflow report (March 31, 2006):
http://sa.iguana2.com/cache/d53ed324cb063e79419617f1578ecb22/ASX-MOX-151964.pdf


PROJECTS:
1. PUNT HILL: Uranium, Copper, Gold,
23 Jan 2006: Completion of Punt Hill Gravity Survey
http://sa.iguana2.com/cache/87d35eabfb1ebd082e9015305efb6d31/ASX-MOX-150051.pdf

13 July: Targets Uranium Copper & Gold as drilling program commences
http://sa.iguana2.com/cache/1bbae204942229922f429281718b1afb/ASX-MOX-152947.pdf
Extract:
Monax Mining Limited will next month commence its biggest exploration program since listing on the Australian Stock Exchange last year with plans to outlay up to $2 million drilling the prospective Punt Hill tenement in South Australia’s far north.
Monax (ASX code ‘MOX’) today announced that an initial ten hole drilling program, costing around $1 million, will be undertaken on the tenement (EL 3457). However, the company plans to double the program to 20 holes, a total investment of up to $2 million, if the initial drilling results are encouraging.

Managing Director, Mr Michael Schwarz, said Monax would target Olympic Dam-style uranium, copper and gold targets in the Punt Hill tenement which is located in a highly prospective area of the State that recently yielded the Carrapateena copper discovery, 25 kilometres north of Punt Hill.

At least 14 high priority drill target areas were identified from an assessment of the company’s 1x1 km gravity survey data conducted late last year. These anomalies are interpreted to be structurally controlled along regional northwest – southeast trending faults in a geological environment similar to the Carrapateena discovery, Olympic Dam and Prominent Hill.


2. AMBRIOSA PROSPECT: Uranium, Gold
3 March 2006: Media Release: SA Uranium Survey Results Spectacular
http://sa.iguana2.com/cache/c3c2caaed9ca6cc40d5ef09dc780696a/ASX-MOX-150932.pdf

30 March: Extends its uranium exploration portfolio
http://sa.iguana2.com/cache/4bd926397531ccc26df33f8d767a5488/ASX-MOX-151398.pdf


3. KANGAROO ISLAND: Bonaventura Prospect: Zinc, Lead.
17 March 2006: Monax to drill Kangaroo Island Zinc Prospect
http://sa.iguana2.com/cache/7db3096d7cdb7f4ce1de85bd826942b0/ASX-MOX-151193.pdf

16 May: Kangaroo Island New Focus for Zinc Exploration: 8 holes to drill.
http://sa.iguana2.com/cache/cf96ac375d7b1ad016adebad21deb468/ASX-MOX-152163.pdf


Subject to audit,

Gerry
Holding MOX
Readers, please do your own research and you decide if and when to buy, hold or sell any stocks or metals/commodities.

bronson
19-07-2006, 06:04 PM
Gee there is lots of chatter about this one on some of the other share forums............

Dazza
19-07-2006, 10:33 PM
heheh i knew ud be here in here soon gerry.

i jumped in today, afta watching them from low 20s

stolwyk
20-07-2006, 09:48 PM
Expecting drilling results from Kangaroo Island (Zinc, lead) next week.

MOX moving up: 33 cents.

Gerry

bronson
24-07-2006, 05:19 PM
Shares down 6.5 cents to 25 cents on news of Zinc results.

Are the results that bad and what is the outlook for the future?

A lot of people have been sucked up into this share only to be disappointed so far.

stolwyk
25-07-2006, 12:22 AM
You guys need to look at the big picture and read the posts carefully.

I did'nt invest for the zinc although the jury is still out on this one.

stolwyk
25-07-2006, 12:48 PM
From announcement, 24 July:
http://sa.iguana2.com/cache/16ab3e2e9a0dff1c7b18e690e27d00a8/ASX-MOX-153080.pdf

Extract:
"Monax believes the project has significant potential to extend mineralisation in all directions and at depth. An induced polarisation survey is planned prior to the next round
of drilling to target zones of high grade mineralisation.
“I believe we are only just scratching the surface on this project” commented Mr Schwarz.
“This mineralisation sits at the north-western end of a major dilational feature in the Snelling-Cygnet Fault Zone which extends for a further five kilometres to the south-east and we have evidence for alteration along most of this structure”.

Historical prospects targeting zinc, lead, copper and gold occur along 40km of the fault zone suggesting further potential outside of this zone. Monax’s Parndana and Western River tenements cover the
entire length of this feature".

bronson
25-07-2006, 10:04 PM
quote:Originally posted by stolwyk

the jury is still out on this one.


Sounds like you are getting wet feet

stolwyk
26-07-2006, 03:09 AM
Monax likes Kangaroo Island zinc

Ben Sharples
Tuesday, 25 July 2006

MONAX Mining says it has discovered a zone of significant zinc mineralisation close to the surface at its Bonaventura prospect on Kangaroo Island, and is ramping up for a major drill campaign at its flagship Punt Hill project in South Australia.



Reverse circulation drilling returned hits of 16m at 3.42% zinc and 0.66% lead from 34m, including 6m at 6.3% zinc and 2m of 1.2% lead, 23m at 1.16% zinc (ended in mineralisation), and 23m at 1.22% zinc from 98m (ended in mineralisation).

Monax said the mineralisation was open in all directions and at depth, with the three most southerly holes ending in mineralisation. The company said drilling had confirmed zinc mineralisation over an area of 300m across the controlling structure and 250m along strike.

The company said the drill campaign confirmed the possibilities of high-grade zinc-lead veins and potential bulk mineable lower-grade mineralisation consisting of veins and veinlets.

However, Monax said due to the high influx of groundwater, most of the holes could not be completed to target depth and a follow-up diamond drilling program is planned for the "near future" to the target depth, and test the depth and lateral extent of mineralisation.

Monax managing director Michael Schwarz told MiningNews.net the company hoped to get back on the ground within the next two months and would look to complete an induced polarisation survey to the next round of drilling to target zones of high-grade mineralisation.

"[A resource] will be a long way off, because there was only one aircore drilling program completed previous to us, targeting that mineralisation, and that was just touching the surface, it didn't even get down to fresh rock," he said.

"This is really the first primary bedrock drilling that has been done in that area.

"We are very encouraged by the results even though it wasn't high grades … and we're very happy that we got reasonable amounts of visible mineralisation even though we couldn't get down to our target depth. But we are at a very early stage of drilling."

In addition, Schwarz said the company had geared itself up for a bit of a battle with people on Kangaroo Island but was pleasantly surprised that the islanders were welcoming.

"We had community consultation meetings right from the start before we even set foot on the ground and let them know who we were, what we were doing and why we were there and what the process would be," he said.

"I think that has held us in good stead to have an open dialogue with everybody."

Elsewhere, Monax plans to get on to the ground at its flagship Punt Hill project located about 70km to the north of Port Augusta and 25km to the south of the Carrapateena discovery.

"We've done some semi-regional gravity over that area which has defined some nice iron-oxide-copper-gold targets," Schwarz said.

"We've got 10 drill holes planned initially for a total spend of $1 million and then if we get some positive results, we'll commit another $1 million for another 10 drill holes, and these are quite deep, they're going to about 750m.

"It's a big commitment by Monax but we've got a lot of confidence in that project, it's our flagship project so we have to make sure we test all of our targets thoroughly."

http://www.miningnews.net/storyview.asp?storyid=62512§ionsource=s0


+++++++++++++++++++++++++++++++++++++++++++

HC, 25 July
Three chances arising from my previous post:

1. PUNT HILL: Uranium, Copper, Gold,
Drilling starting next month: 10 holes to drill to be followed possibly by another 10.

2. AMBRIOSA PROSPECT: Uranium, Gold
A drilling program to be drawn up once the new extensions have been investigated.

3. KANGAROO ISLAND: Bonaventura Prospect: Zinc, Lead.
Drilling of 8 holes is proceeding.

The location of these projects are in South Australia:
http://www.monaxmining.com.au/home.htm

That means that if they discover anything worthwhile, a takeover can proceed without too many problems.

stolwyk
31-07-2006, 05:25 PM
June 30 quarterly reports:
http://sa.iguana2.com/cache/c628a3951f876dd07edf7a3a21bfabf2/ASX-MOX-153249.pdf

trader10
06-08-2006, 06:13 PM
Yes Gerry very interesting times ahead for Monax.

Punt Hill - Ambrosia - Dingo Hill - Waddikee are just some of the many tenements in the Gawler Craton that Monax will be working on....great place to be [8D]

Bring on Punt Hill ! ;)


http://img157.imageshack.us/img157/7663/mox1lb3.png
http://img99.imageshack.us/img99/7145/mox1aut3.png

Dazza
06-08-2006, 09:04 PM
break out on friday
closed +5 for a 33cent close

happy holding next week peeps

vicmackay
08-08-2006, 10:10 PM
Hi guys

There is a lot of talk about this company being situated next to the Carrapateena copper discovery however I can't find anything on the internet about this Carrapateena discovery.

Can someone please let me know how long ago this was, what was actually found and it's significance, and which companies on the ASX benefited from it.

I would really appreciate your feedback.

Cheers

Vic

vicmackay
09-08-2006, 12:53 PM
No reply.

Share being sold off last couple of days. Anything to be worried about?

BRICKS
09-08-2006, 06:18 PM
quote:Originally posted by vicmackay


quote:Originally posted by vicmackay

Hi guys

There is a lot of talk about this company being situated next to the Carrapateena copper discovery however I can't find anything on the internet about this Carrapateena discovery.

Can someone please let me know how long ago this was, what was actually found and it's significance, and which companies on the ASX benefited from it.

I would really appreciate your feedback.

Cheers

Vic


Bump


YOU had better give up on this lot MATE.. [8D]

vicmackay
09-08-2006, 06:38 PM
Why do you say that BRICKS? Do you have knowledge that this company is about to fall over?

BRICKS
09-08-2006, 07:46 PM
quote:Originally posted by vicmackay

Why do you say that BRICKS? Do you have knowledge that this company is about to fall over?


HAVE NOTHING TO DO WITH THESE TYPE OF COMPANIES AT ALL IT JUST LOOKED THAT NOBODY HAD ANYTHING TO SAY.. [8D]

vicmackay
09-08-2006, 07:56 PM
quote:Originally posted by BRICKS


quote:Originally posted by vicmackay

Why do you say that BRICKS? Do you have knowledge that this company is about to fall over?


HAVE NOTHING TO DO WITH THESE TYPE OF COMPANIES AT ALL IT JUST LOOKED THAT NOBODY HAD ANYTHING TO SAY.. [8D]


Hee Hee, sorry Bricks, I was getting worried that you knew of something untoward regarding this company!!

Perhaps people just don't like me , that's why they are not replying[8D]

BRICKS
09-08-2006, 08:39 PM
quote:Originally posted by vicmackay


quote:Originally posted by BRICKS


quote:Originally posted by vicmackay

Why do you say that BRICKS? Do you have knowledge that this company is about to fall over?


HAVE NOTHING TO DO WITH THESE TYPE OF COMPANIES AT ALL IT JUST LOOKED THAT NOBODY HAD ANYTHING TO SAY.. [8D]


Hee Hee, sorry Bricks, I was getting worried that you knew of something untoward regarding this company!!

Perhaps people just don't like me , that's why they are not replying[8D]


TIP don't ask silly questions, people don't like anyone who knows nothing just try to tell FACTS and good common SENCE..[8D]

Dazza
09-08-2006, 11:42 PM
vic, the markets today was down...

so MOX went down, as ppl were taking profits.

DOW down 30% to say the least.

and nope i aint concerned at all really.

its healthy IMO.

trader10
03-09-2006, 08:32 PM
PUNT HILL DRILL PROGRAM THIS WEEK !!!
Great weeks ahead IMO ;)
http://img172.imageshack.us/img172/4693/moxxl9.png

stolwyk
07-09-2006, 05:35 PM
Supposed to arrive tomorrow. Drilling 24 hrs/day (2*12 hrs shifts).

Base metals expert appointed to Monax Mining:
http://sa.iguana2.com/cache/cbc128f06058a87b43e78a6fc46890f1/ASX-MOX-153942.pdf

stolwyk
07-09-2006, 09:04 PM
Nothing is certain and that drill may have been held up for whatever reason.

Tell me do you intend to waste more posts on this like others did?

Gerry

stolwyk
11-09-2006, 02:56 PM
You have again deleted another post which promised not to discuss MOX till after the drilling results came in.

Promises don't mean much to you, do they.

stolwyk
11-09-2006, 04:24 PM
They know it is you.

Why ruining this thread with all those posts?

stolwyk
12-09-2006, 04:55 PM
I emasiled the MD of MOX.

Later, an Announcement was made:

Punt Hill drilling commenced:
http://sa.iguana2.com/cache/7758f3fd9c087e032a3caac61bc6dd9e/ASX-MOX-154027.pdf

Extract:
"Monax Mining Limited (ASX Code ‘MOX’) is very pleased to advise that the drill program on its lead Punt Hill project has commenced. The drilling program is expected to take between 3 and 5 months to complete.
Results will be released by the Company as they are received.

Each drill hole is expected to take between 5-8 days and samples will be sent off for analysis as soon as practically possible.
After the unexpected delays in getting the rig to site the Company is delighted the drilling has now commenced. Staff have been on the ground getting all the preparatory work done, so drilling should now progress pretty quickly.

The delay in getting a rig on site in the time required by the Company has been turned to advantage. It has provided Monax with the opportunity to closely review all the latest gravity modeling data along with the magnetic information for Punt Hill, enabling the
targets to be prioritised".

Good looking map is on page 2.

Gerry

Last sale: 28.5. Now quoting 29/30.

Gold price: was 599 (+17.40) now 596.3. Waiting for New York.

stolwyk
20-09-2006, 02:45 PM
It takes time to produce assays now with these offices being overworked. Suggest you practice some patience. Nobody on HC is talking about drill results yet.

Gerry

stolwyk
05-10-2006, 12:50 PM
5 October 2006
PUNT HILL DRILLING UPDATE
Monax Mining Limited (ASX Code “MOX”) advises that drilling at the Whistlepig target on its Punt Hill tenement has ceased at 966 metres which was drill rig capacity.

Drilling hit basement at 721 metres in highly altered Gawler Range Volcanics to 751 metres followed by hematite breccia and alteration with variable amounts of visible bornite and chalcopyrite
mineralisation from 751 metres to 966 metres. The hole ended in the mineralised system.

Monax is in the process of submitting samples for testing.
Drilling at the second target on Punt Hill, Woodchuck has commenced and is currently at a depth of 300 metres.
The Woodchuck target is approximately 2 kilometres to the north-west of Whistlepig 1 and is on the next gravity target to the north.

For further information please contact:
Michael Schwarz, Managing Director
on 08 83753900 or email: info@monaxmining.com.au

thestorm
05-10-2006, 01:10 PM
Stolwyk

For the non Non technical shareholders like myself could you please advise if you consider this to be a good announcement and why.

Your assistance would be much appreciated.

Thanks

stolwyk
05-10-2006, 02:10 PM
Promising because of the minerals encountered but early days yet. 9 more holes to drill and if ok to be followed by another 10 holes.

Suggest you also read previous posts as MOX has other ventures.

Dazza
05-10-2006, 02:46 PM
ouch feel sorry for the guys who sold

i stil hold peeps :D

+4.5 cents today

muahhaha

slowly she goes

thestorm
05-10-2006, 03:12 PM
quote:Originally posted by stolwyk

Promising because of the minerals encountered but early days yet. 9 more holes to drill and if ok to be followed by another 10 holes.

Suggest you also read previous posts as MOX has other ventures.


Thanks - appreciate the quick feedback.

Cheers:)

thestorm
06-10-2006, 02:47 PM
I wonder why the ASX has not written to this company requesting an explanation for the share rise over the last couple of days.

Have they run out of speeding tickets already this year?!

thestorm
09-10-2006, 05:43 PM
Can someone please explain why a speeding ticket has not been sent to this company?

Just reading on some other forums that they think this company has become over-hyped and those that bought in today could be in for a rude shock if the results don't match the hype. That's the risk they take I suppose. Boom or Bust.

I know I'd rather be on a nice blue chip -safe as houses.

Dazza
10-10-2006, 12:46 PM
bro then go back to ur blue chips eh?

why u posting here? whats ur deal?

obviously in ST no one is buying at this mark so dun worry.


ppl are buying cause of its low MC, 60 mill shares at say 60c is only 36 million ..

i brought at low, so it doesnt matter to me.

but if u are thinking of entering, i wouldnt advice entering now, maybe wait for the low and then join us.

but on the downside, if u get caught with ur pants down whtn the ann. is out.. and its a good one.... then say bye bye

Lizard
10-10-2006, 12:54 PM
Dazza, it's just cujodog/bronson/vicmackay/back2basics.... looks like he needed a new name. Pity they locked cujodog out - at least we all recognised him and could have a laugh!

stolwyk
10-10-2006, 03:08 PM
IOCG Style Mineralisation confirmed in second target

"Following the Company’s announcement on Thursday 5 October 2006 regarding the intersection of mineralisation at the Whistlepig target, Monax Mining Limited (ASX Code ‘MOX’) is pleased to announce further results from drilling on the Groundhog Gravity
Trend.

Iron-oxide copper-gold (“IOCG”) style (bornite and chalcopyrite) mineralisation has been intersected at Woodchuck, the second target along trend (refer Figure 1). The drill hole targeted a gravity feature 1.8 km to the north-west of the Whistlepig hole where similar mineralisation was encountered.

Basement was reached at 589 m (132 m shallower than Whistlepig) and consisted of highly altered Gawler Range Volcanics. Visible signs of mineralisation were encountered at 620m and continues to the current hole depth of 786 m. The hole will continue to the
maximum drill rig capacity of 980 m depending on ground conditions.

Following completion of this hole Monax will continue to test a further target along the Groundhog Gravity Trend by drilling the Groundhog target, a further 1.8 km to the northwest of Woodchuck (refer Figure 2).

The current drill program aims to test another eight regional gravity features within the same extensive structural corridor (refer to figure 1) on the Punt Hill tenement".

http://sa.iguana2.com/cache/e05df27205e97ca6ec0d9639efd75226/ASX-MOX-154610.pdf

stolwyk
10-10-2006, 04:34 PM
About 85 cents just now:(+46.5%)

Lizard
10-10-2006, 04:38 PM
Nice move! Congratulations. :)

Dazza
10-10-2006, 04:39 PM
Basement was reached at 589 m (132 m shallower than Whistlepig) and consisted of highly altered Gawler Range Volcanics. Visible signs of mineralisation were encountered at 620m and continues to the current hole depth of 786 m. The hole will continue to the
maximum drill rig capacity of 980 m depending on ground conditions.


that is important.

just like some HC posters were talking about, that the 2nd hole mite be shallower

awesome ppl awesome

2 bagger for me now

keep the meat coming :D

sorry but they actually have 30 mill shares on market, so its still cheap as chips.

although 30 mill more have been escrowed

im a happy dazza

stolwyk
10-10-2006, 05:12 PM
Shares: 49.2 mill. About 20 mill of these are on longer term escrow, leaving 29.2 mill listed shares issued. HAV holds 10% of shares.
Unlisted 2008-2010 options: 10 mill.

Gerry

MOX: $1.10 (+90%)

thestorm
10-10-2006, 08:36 PM
Hi

Just noticed the huge share price increase today.

Could someone please explain what they have actually found mineral wise to justify the share price rise. I can't understand the technical side of these types of announcements and will appreciate some assistance.

Surely other companies are making similar discoveries but their share price is not skyrocketing. In fact today's increase appears quite obscene.How can a share go up 90% in one day.

Thanks

Dazza
10-10-2006, 09:58 PM
i cant be bothered with this mofo........


dayaaaaaam man someone needs to go back to school to learn to read.

OneUp
10-10-2006, 10:04 PM
quote:Originally posted by thestorm
Surely other companies are making similar discoveries but their share price is not skyrocketing. I


Which other companies are making similar discoveries?

Not every day a company finds 200m+ of copper.

Grade is the open question.

thestorm
10-10-2006, 10:12 PM
quote:Originally posted by Dazza

i cant be bothered with this mofo........


dayaaaaaam man someone needs to go back to school to learn to read.


Please don't get upset with me. I just wanted to know what the announcement meant.

robbo
10-10-2006, 10:14 PM
MOX.

Great "punt" .....at Punt Hill.... fellas... [8D]

You are a total MAV ....and.... A Legend Gerry..... :)[^]

Kindest Regards,

Robbo :)

thestorm
10-10-2006, 11:43 PM
Still no one has actually spelt out what this company has discovered. Are you all confused yourselves?

Dazza
11-10-2006, 12:57 AM
Timeline of Drill Programme

12 Sept 06
Announces drilling at Punt Hill has begun. Expected to take - 3 to 5 months.

Each drill hole to be about 5 - 8 days and assay samples to be sent asap.

First 7 holes have been modelled and is to target between 250 - 500 metres.

Holes 8 - 11 to be finalised.
-------------------------------------------------

29th September
roughly 17 days - or 13 working days

drill #1 announcenced.

The first drill hole of a 10 hole campaign has intersected highly altered Gawler Range
Volcanics at 721 metres grading to complex hematite breccia with visible bornite and
chalcopyrite mineralisation.
The drill hole is currently at 771 metres and remains in mineralised hematite breccia. The
Whistlepig target is located in the deeper southern part of the Punt Hill tenement with
basement expected to shallow to the north where a historical drill hole intersected
basement at 252 metres. Up to 13 targets remain to be tested in this campaign.

interesting #1 hole is 731 metres, deeper than the 500 metre target. Is suppose to shallow out a bit.

-------------------------------------------------

5th October 2006

Drilled till 966 metres, mineralsation roughly at 730-966 metres - or 200 metre of potential ore body. Deep stuff here, no open pit design for around this place, underground styles here.
but as they said, they are starting to drill the deeper stuff first.


Monax Mining Limited (ASX Code “MOX”) advises that drilling at the Whistlepig target on
its Punt Hill tenement has ceased at 966 metres which was drill rig capacity. Drilling hit
basement at 721 metres in highly altered Gawler Range Volcanics to 751 metres followed
by hematite breccia and alteration with variable amounts of visible bornite and chalcopyrite
mineralisation from 751 metres to 966 metres. The hole ended in the mineralised system.
Monax is in the process of submitting samples for testing.
Drilling at the second target on Punt Hill, Woodchuck has commenced and is currently at a
depth of 300 metres.
The Woodchuck target is approximately 2 kilometres to the north-west of Whistlepig 1 and
is on the next gravity target to the north.


started on #2 hole already, and had reached 300 metres.
--------------------------------------------------

10th October 2006

Drill hole #2 nearly complete, so in 30 days they have drilled roughly combined 1700 metres or so,
so we expect to have announcements every fortnightly, maybe even weekly - as they finish the the drill hole up to 900ish metres whilst starting on next drill hole up to 300 metres.

Iron-oxide copper-gold (“IOCG”) style (bornite and chalcopyrite) mineralisation has been
intersected at Woodchuck, the second target along trend (refer Figure 1). The drill hole
targeted a gravity feature 1.8 km to the north-west of the Whistlepig hole where similar
mineralisation was encountered.
Basement was reached at 589 m (132 m shallower than Whistlepig) and consisted of
highly altered Gawler Range Volcanics. Visible signs of mineralisation were encountered
at 620m and continues to the current hole depth of 786 m. The hole will continue to the
maximum drill rig capacity of 980 m depending on ground conditions.
Following completion of this hole Monax will continue to test a further target along the
Groundhog Gravity Trend by drilling the Groundhog target, a further 1.8 km to the northwest
of Woodchuck (refer Figure 2).
The current drill program aims to test another eight regional gravity features within the
same extensive structural corridor (refer to figure 1) on the Punt Hill tenement.

thestorm
11-10-2006, 01:02 AM
Thanks Dazza

I still can't understand how this share price has gone up so much today. Companies are drilling all the time and making discoveries. Why is this one so special?

Still no-one has explained that to me.

Gee I'm getting frustrated!

Dazza
11-10-2006, 01:03 AM
THESTORM

what these 2 announcements have shown, accompanied by the map , go to their website to get the one in colour, its much more in detail.
According to their map, they are drilling in an 'upwards direction' i tink its NW? not to sure, but u can compare with the drill timetable, and can guage the direction.


#1 drill hole
the significance of this, is that they have found something btw 700-900 metres ish, deep yes, but 200 metres of mineralisation...... that is something.

#2 drill hole
This hole is significant, because it confrims what the directors have suggested that the more the drill, the shallower the 'ore body' mite be

here we see minerisation STARTING at 620m to 786m
roughly 166m of strike.

with the base at 589metres.


so in conclusion, its all good

yes it is deep , but not to sure what olympic dam or caarpentria was?

was it deep?

Regards,
Dazza

Dazza
11-10-2006, 01:05 AM
storm i dunno why u r fustrated?

it took me ages to figure these drills etc etc,

i used to be a sheep and just follow peeps

i was even desperate enough to forward co. ann. to the geology lecturers at uni, but they never replied back to me ><


if u are cujodog, u have no right to post, cause all u do is bag bag, ur like miner and co. reinvented.

i find gerry - aint a ramper, rather a weeder, he will show ppl what stocks may have potential, from the hundreds of other ones in the market. and its up to us yes us to do the work and see if its worth it.

some good calls of his are :
SMM
BSG
just to name a few that i saw off him

thestorm
11-10-2006, 01:22 AM
Cujodog was that guy who couldn't take a trick. Every share he bought into went bust and every one he sold went up.

Apparently he got tired of these and sold out at 30 cents just recently. No wonder they went up!

Good luck Dazza. Hope you do really well out of these.

And I concur with your sentiments regarding Gerry.

Cheers

pimpit
11-10-2006, 10:25 AM
I could not believe this, I wish I owned more MOX, but I am happy with the gains.

stolwyk
11-10-2006, 01:52 PM
About $1.41

thestorm
11-10-2006, 02:31 PM
Now down to $1.30 and going lower. Everyone on H/C are bailing out - something about falling off the Effiel Tower whatever that means!

Lots getting burnt today on H/C and screaming foul.

Anyone still own these? They reckon there are much better value in companies right next door to MOX. What does everyone think?

thestorm
11-10-2006, 02:59 PM
Really crashing now. I knew this was way over-hyped.

Where are all the rampers now?

Dazza
11-10-2006, 04:25 PM
no wehre storm, cause there aint no rampers here in ST

its just me and gerry.

i still own them storm.


gerry u first showed me CAZ, n now we are both on this together :D

im a bit more transparent than gerry is but yeah.

the storm, who were u be4 u got banned here?

im tinking cujodog? u got beef with gerry eh dun ya

Dazza
11-10-2006, 04:28 PM
and whats ur beef anyways thestorm with MOX?

even if it finishes in 110-120, ill still be very happy with this.

IMO its been day traded out of it today.

did u sell too early or soemthing?

jeolous that some of us made some money? paper profits abeit that

OneUp
11-10-2006, 04:28 PM
quote:Originally posted by thestorm

Really crashing now. I knew this was way over-hyped.

Where are all the rampers now?


Up 20c to $1.30 today is hardly "crashing".

Dazza
11-10-2006, 04:29 PM
and whats ur beef anyways thestorm with MOX?

even if it finishes in 110-120, ill still be very happy with this.

IMO its been day traded out of it today.

did u sell too early or soemthing?

jeolous that some of us made some money? paper profits abeit that

thestorm
11-10-2006, 05:21 PM
Dazza

I'm not jealous of anyone making money. I just think that it is quite ridiculous that a share can go up 90% in one day. Seriously how can you justify that?!

I have no beef with anyone.

Please stop reading more into it then there is.

Wow what a joke. Back down to $1.20. This share will never ever get over $1.50. It is over-hyped and hasn't even found anything worthwhile. People must be crazy to hold onto these. They will just go back to 30 cents over the next few weeks and then you have lost all your paper money.

All the posters on other forums are getting out today. They know the sharemarket and what will happen to this share once everyone finds out they've been duped.

Sunshine007
11-10-2006, 05:55 PM
I heard that UXA is next door to MOX. Is it true?

thestorm
11-10-2006, 05:57 PM
quote:Originally posted by Sunshine007

I heard that UXA is next door to MOX. Is it true?


I heard that once Mox goes back to 30 cents they are going to rename themselves POX!!!

What an absolute disaster today. Now under $1.20. You all thought it was going to go to $2. Shame on you for being so greedy.

I hope everyone sold out today. If they didn't then they shouldn't be in the sharemarket.

stolwyk
11-10-2006, 06:24 PM
thestorm, your:

"You all thought it was going to go to $2". I did'nt say that.

Retracements are not unusual.

You have been here before under another name.

No need to destroy this thread.

Gerry

thestorm
11-10-2006, 06:31 PM
Agree that retracements are not unusual but this was meant to be the new wonder company. Funny how sentiment chnages so quickly.

stolwyk
11-10-2006, 08:42 PM
IOCG mineralisation and alteration

Outline
1.Summaries of IOCG deposits: Olympic Dam, Prominent Hill, Carrapateena
2.Regional & deposit alteration
3.Targeting higher grade Cu-Au

https://www.ga.gov.au/image_cache/GA7793.pdf

OneUp
11-10-2006, 08:47 PM
quote:Originally posted by thestorm
I hope everyone sold out today. If they didn't then they shouldn't be in the sharemarket.


Actually I bought more today at $1.20

So I goess that means I need to be locked up.

Dazza
11-10-2006, 09:47 PM
bro thestorm/cujudog COULD U BLOODY PISS OFF MATE

**** man ur bloody disgusting bro

go back to the **** on HC pls

if u would read my threads, i didnt say it would go to $2.

im quite happy that it closed in my 1.10 - 1.20 range

so stfu u homo

Dazza
11-10-2006, 11:36 PM
my HC post comparing MOX vs CRJ, as some posters were baggin MOX saying CRJ is better blah blah blah


first up MC
MOX - 29 mill - with 11 mill tightly held
they also have 10 mill unlisted oppies and 10 mill escrowed


CRJ - 40 mill - with roughly 50% held by top 20
36 mill options - 20cents @ 09/07

BUT BUT WAITTT..
CRJ also has escrowed shares!!!!!!!!!!!!!!!!!!
13.6 mill escrowed for 24 months
8.7 mill escrowed for 12 months
4 mill opptions escrowed for 24 months.

now MC calculations

todays closes:
MOX - 29 mill x 1.2 = 35 mill
fully diluted including escrow + options = say 50 mill ( i dunno whats the exercise price of the 10 mill oppies)

CRJ
40 mill @ 50 cents = 20 mill
36 mill @ 27 cents = 7.2 mill = total 27.2 mill

fully diluted = 32 mill for the heads + 10.8 mill = 43 mill

so
MC:
MOX - 35 mill ( 50 mill fully diluted)
CRJ - 27.2 mill (43 mill fully diluted)


so they are well mox is about 20% more expensive. BUT BUT.

what does CRJ have?
lets just say bank is similar = cancel each other out
other projects = say cancel each other out.

right so its down to

PUNT HILL vs STUART SHELF PROSECTS

look MOX IS DRILLLLLLING THEY HAVE SUNK 2 HOLES, WITH #3 HOLE COMING.

...... where as CRJ...... THEY ARE ON SURVEY U GET ME SURRRRRRRRRVEY OK
they have yet to even drill a da m n hole ok!
so... ppl say they should start drilling in november...

by november, mox would have already nearly finished their 10 hole drill programe, assay results would start flowing in..... also just also, if they reackon its good, would quickly start another 10 hole drill programme, without delay.

SO IS IT JUST ME, OR IS CRJ OVERVALUED? OR MOX UNDERVALUED?

so playez and all the other fools denouncing MOX and praising CRJ
DO SOME BLOODY RESEARCH WOULD YA.
and thats that, no wonder so many ppl have left HC, its 90% rampers and down rampers of fools who neva reserach,

at least me being a complete newb, with tiny money compared to u guys , can at least research something ...
DISC:
MOX - own - bullish
CRJ - was about to buy oppies yesturday, but did some research, believe its ok, but time line scale, its like MOX 3 months ago... so with a MC of around 30 mill... its expensive sorry

Dazza
11-10-2006, 11:39 PM
MOX management

ok MD - IS A GEEEEEK MAJOR GEEK lol

hes some mad scientist from SA, and has worked with the govenmental departments within SA...

but what has he worked on...
Managing Director, is an expert on South Australian and Gawler Craton geology and mineralisation styles. He will has a high level of IT skills, an excellent knowledge of mineralisation models and modern geological concepts and is highly energetic, innovative and leading edge in his approach to mineral exploration. Michael has led research projects with the SA Government, Geoscience Australia and various universities into the geological evolution and mineralisation of the Gawler Craton


the key here is his involvement about the gawler craton...... that is the key ppl :D


rest of the board
is made up of mainly accountants and with 2 from BPT - i tink one is even the MD of BPT!!
Reg is Managing Director Beach Petroleum Limited,

and also a lawyer

i reackon they are here just for the ride, i mean what da.... we got some oil accountants on board the management team here in MOX

oh well :D

Dazza
12-10-2006, 08:01 PM
MOX down 10% today

i expect it to fall more on fri/mon

nice retracement

it should hit 90cents and have support - that will be roughly 50% retracement.

though if an announcement comes out.. who knows...



DISC: hold 3/4 of original holdings free carried

stolwyk
13-10-2006, 02:23 PM
Punt Hill update:
"Monax Mining Limited (ASX Code ‘MOX’) advises that drilling at the Woodchuck target on its Punt Hill tenement has ceased at 975 m and is now drilling the Groundhog target 1.8km to the north-west along the Groundhog Gravity Trend (refer Figure 1).

Following the Company’s announcement on Tuesday 10 October 2006, the drill hole continued on from 786m to the final depth of 975m. At approximately 790m the drill hole passed from mineralised hematite breccia into highly altered shales and carbonates with zones of visible pyrite (iron sulphide) and chalcopyrite (copper sulphide). The hole ended within the alteration system at drill rig capacity".

http://sa.iguana2.com/cache/20dfc6be4e4ffed07ed8aec9681d2b25/ASX-MOX-154689.pdf

Dazza
19-10-2006, 07:37 PM
nar man, we are looking at least 2 weeks maybe even 3-4 weeks

so i dun expect any news till end of oct begin novem
familyguy just compare the anouncements and the days in between them

Dazza
19-10-2006, 11:22 PM
family guy

refer to my post on page 3, regarding drilling timeline

i expect every 2 weeks roughly we get reports

so like i said expect end oct beg novem for #3 drilling results.


what we expect to see is shaller mineralisation.

looking at the charts, it looks like a flag has formed, i have no idea on the significance of this.

if u take the break out at 60 cents, highest = 140 cents

that means 50% retracement would have been at 100 cents, of which it nearly touched.

its around 120 cents now.

u have a few options.

punt what u can afford to loose.

for me its a hold for me because my entry price was at 29 cents.


for you i presume u havent entered into this yet.

so.

1. u can wait for the announcement, see if its good etc, then buy.

1a - one announcement is #3 drill hole

1b - the good one the main one is the assay results, not expected for another 3-4 weeks though.


off course if its good news, u would once again have to buy at higher levels.

if its bad, and it tanks, well thats good for non holders :D


other options is:

punt 50% of what u got to loose

eg for me i only invest $1000 into spec shares (im just a student not big fellas like the other posters here)

so if i was in in ur situation.

looking at the MC of undiluted 33 mill and diluted 50 mill, id consider this okish. they do have ohter porjects.

so i would invest 500 soonish,

and invest the other 500 later if the results are good.

that way if it sky rockets, at least i got 50% in this.

if it tanks, oh well only 50% money in it.


but its really up to u though.

i brought this company when it had a MC of 10 mill with 4 mill cash.... so i had a really low margin of errof.


whereas for u... its risen roughly 400% already...

though that is heaps, considering the MC is only 50 mill undiluted, with 30 mill scripts , and roughly 50% are tightly held.


who knows...

u make the decision :D

hope this was of help

Dazza
19-10-2006, 11:30 PM
http://www.chartpatterns.com/flagandpennantcharts.htm


further to what i was saying
taking a 1 month daily chart of MOX from bigcharts.com

you can see that it is forming a bullish flag pennat with decreasing volume.


http://www.chartpatterns.com/flagandpennantcharts.htm

go to that site.

and i believe
"BULL" PENNANT IN AN UPTREND (BULLISH)

check out the NYH unleaded gas jun '95 chart

will explain what a bull pennant is

and then compare the MOX chart with the
live hogs oct 07 one

i believe this is more relevent for MOX, because of the substantial rise before the bull pennant is formed.


what happens next is anyones guesses though....

dyor..

regards,

dazza

Dazza
19-10-2006, 11:34 PM
my MC of MOX maybe a bit wrong.

gerry could u enlighten us please, as to the # of fpos in escrow

according to ur first post, it was 10 mill?

tibbs reackons its 20 mill?

FULLY PAIDS:
29,200,000 – on ASX
19,966,667 – 24mth escrow
100,000 – 12mth escrow issued 16/5/05
425,000 – 12mth escrow issued 22/5/05
1,500,000 – 12mth escrow issued 27/6/05
50,000 – 12mth escrow issued 11/7/05
51,241,667 – Total fpo’s

OPTIONS:
5,000,000 – 24mth escrow 25cents ex/price
2,500,000 – 24mth escrow 30cents ex/price
2,500,000 – 24mth escrow 40cents ex/price
10,000,000 – Total Options
(with an average exercise price of 30cents they are effectively valued at .90 Cents)

Hence the final Market Cap for MOX:

MOX (Listed & unlisted totals):
fpo's - 51,241,667 @ $1.20 = $61,490,000.00
opt's - 10,000,000 @ $0.90 = $9,000,000.00 (escrowed)

Total fully diluted market cap: $70,490,000.00

Fodder
21-10-2006, 10:46 AM
quote:Originally posted by familyguy

Has anyone heard the rumour going around today that the company has found nothing on the third drill and is too scared to report it to the market otherwise the share price would plummet?

Anyone out there getting worried that no announcement has been made?


Don't you ever get sick of baiting these guys familyguy? /thestorm/ cujodog/bronson/vicmackay/back2basics[?][?][:o)][?][?]

stolwyk
21-10-2006, 11:19 AM
Dazza,

I use Stocknessmonster which gets their info from the ASX.

The movement of shares and options is dynamic (Changes over time)

Previous:
http://sa.iguana2.com/cache/20985cbc8cb4e0071181a6c9287ae475/ASX-MOX-151789.pdf

A couple of millions of restricted shares have been released:
Latest:
http://sa.iguana2.com/cache/5e90506f07f666ae59ae72a9163d16f5/ASX-MOX-154330.pdf

Dazza
21-10-2006, 04:12 PM
quote:Originally posted by Fodder


quote:Originally posted by familyguy

Has anyone heard the rumour going around today that the company has found nothing on the third drill and is too scared to report it to the market otherwise the share price would plummet?

Anyone out there getting worried that no announcement has been made?


Don't you ever get sick of baiting these guys familyguy? /thestorm/ cujodog/bronson/vicmackay/back2basics[?][?][:o)][?][?]



can someone pls ban them all

seriously its startin to piss me off, and wasting my time explaining the situation.

bastards

Opine
21-10-2006, 09:17 PM
Hi family guy ...how`s it goin`.

Browsing and found this site.

What stock do you hold?....[:o)]

Opine
22-10-2006, 02:41 AM
What stock do you hold?

stolwyk
23-10-2006, 02:10 PM
IOGC Style Mineralisation Confirmed in Third Target

http://sa.iguana2.com/cache/f0a18c96e7a353d4a8b6c985ec0263b5/ASX-MOX-154903.pdf

"The drill rig has now moved to drill Wiarton Willy to test a similar gravity feature in what Monax believes is a different hydrothermal system at the north western end of the Groundhog Gravity Trend. The features all lie in the same structural corridor which contains the Whistlepig, Woodchuck and Groundhog drill holes".

stolwyk
30-10-2006, 10:13 AM
Annual Report--Annual Meeting:

http://sa.iguana2.com/cache/eecac578b01ffad7e82ed6e5072d0bd9/ASX-MOX-155101.pdf

stolwyk
30-10-2006, 04:02 PM
MOX is flying: $1.80 (+53%)

Dazza
30-10-2006, 06:12 PM
and im smiling :D

Dazza
30-10-2006, 06:31 PM
Don't you ever get sick of baiting these guys familyguy? /thestorm/ cujodog/bronson/vicmackay/back2basics


lol poor buggers, 1.80 today boys 1.80!!!!!!!!

let MOX shat in yr faces
HA HA HA HA :D

OneUp
30-10-2006, 08:39 PM
Dazza, great to get delarious about the price spike.

But why has it spiked?

Company says there is no reason at all why it should have risen.

If that's the case it could fall back just as quickly.

Did a tipsheet recommend MOX?

Dazza
31-10-2006, 09:50 AM
no idea ......

no idea at all lol.

from WA
Shares in Monax up 50cCAMERON ENGLAND
October 30, 2006 11:15pm
Article from: Font size: + -
Send this article: Print Email
MONAX Mining shares went for another massive bolt yesterday, with the company at a loss as to what was pushing the stock.

Shares in the Adelaide junior minerals exploration company rose 50c - or 39.6 per cent - to $1.78, after earlier hitting a record high of $1.84 on strong volumes of 5.6 million.
At that price an investor who put the minimum $2000 into the company's heavily oversubscribed initial public offer last year would have seen their investment turn into $17,800 worth of shares.

The company has increased in value more than five fold since the start of the month, with the run starting after it announced it had found copper mineralisation at its Punt Hill project in central South Australia. The scale of the find, which is 750m underground, is not clear yet as no assays of the drill results have been completed.

Monax managing director Michael Schwarz said yesterday he could not give a definite date for when the assay would be returned as the geochemical laboratories were flat out.

"They're turning work away at the moment," Mr Schwarz said. "Usually we'd say four to six weeks but I really couldn't say at the moment."

With the first find announced on October 5 a four-week window would put the assay release at next week.

However, this timeline now looks unlikely to be met.

Mr Schwarz said drilling was continuing on the fourth drill hole at the Punt Hill prospect, with the first three having returned what is known as iron ore copper/gold (IOCG) mineralisation at depth.

The company formally told the Australian Stock Exchange yesterday it was not aware of any information which could have caused the share price spike, after receiving a speeding ticket from the market regulator.

Market watchers have expressed concern that if the assay results are not good, the stock price could drop rapidly, burning many small investors.

Baker Young Stockbrokers equity adviser Stephen Townsend said there was visible mineralisation in the photographs of drill core released to the market and this was impressive.

"That could be selective," Mr Townsend said. "We'll have to wait and see what the assays say, which are expected out in a few weeks."

But Mr Townsend said the fact that the first three drill holes were spaced 1.8km apart could lead people to speculate the mineralisation in each was part of a connected system.

hesiod
28-11-2006, 11:31 AM
Down 33% ?

Dazza
28-11-2006, 10:29 PM
1st hole wasnt very good.

though that is kinda known anyhow.

since this took off, only afta the 2nd hole was done.

so i guess it was a good time to top up or invest in.

the #2 and #3 assay holes, are the ones we are watiting for.


check out the announcement,

they are actually gonna drill a hole near it

shasta
09-02-2011, 02:16 PM
Ok, so there is a thread but no posts since 2006!

Here's the run down on this very interesting low EV resource company

Market Cap @ $0.065 = $9.6m (when i first spotted it & added to the"LOW EV" list)

Cash @ 31/12/10 = $4.6m

Listed Investments: 36m in ASX:MEU @ $0.105 = $3.8m

Puts the EV at just $1.2m!

Main Projects:

http://www.monaxmining.com.au/site/projects/projects-overview.html

South Australian Projects: (On the same trend as Olympic Dam & Prominent Hill)

Monax has three core South Australian projects (Figure 1).

1. Punt Hill – copper, gold (farm-in with Antofagasta) - NB, Antofagasta is one of the 10 largest Copper Producers in the world!
2. Melton – copper, gold (JV with Marmota Energy)
3. Waddikee – manganese, iron (farm-in with OM (Manganese) Limited)

MOX gives exposure to Copper/Gold, Iron Ore, Manganese, Uranium & Bauxite

December Quarterly Report:

http://www.monaxmining.com.au/site/investors/asx-releases/doc_view/295-december-2010-quarterly-report.html

New Ann out today:

http://www.monaxmining.com.au/site/investors/asx-releases/doc_view/298-punt-hill-project-update.html

Some REE samples in amongst the results is interesting, i see Punt Hill as there flagship project

Ok, so who bought in first thing today, i see MOX is currently up 1.5c to 8c (+23.1%) on 1.1m turnover

percy
09-02-2011, 03:21 PM
Ok, so there is a thread but no posts since 2006!

Here's the run down on this very interesting low EV resource company

Market Cap @ $0.065 = $9.6m (when i first spotted it & added to the"LOW EV" list)

Cash @ 31/12/10 = $4.6m

Listed Investments: 36m in ASX:MEU @ $0.105 = $3.8m

Puts the EV at just $1.2m!

Main Projects:

http://www.monaxmining.com.au/site/projects/projects-overview.html

South Australian Projects: (On the same trend as Olympic Dam & Prominent Hill)

Monax has three core South Australian projects (Figure 1).

1. Punt Hill – copper, gold (farm-in with Antofagasta) - NB, Antofagasta is one of the 10 largest Copper Producers in the world!
2. Melton – copper, gold (JV with Marmota Energy)
3. Waddikee – manganese, iron (farm-in with OM (Manganese) Limited)

MOX gives exposure to Copper/Gold, Iron Ore, Manganese, Uranium & Bauxite

December Quarterly Report:

http://www.monaxmining.com.au/site/investors/asx-releases/doc_view/295-december-2010-quarterly-report.html

New Ann out today:

http://www.monaxmining.com.au/site/investors/asx-releases/doc_view/298-punt-hill-project-update.html

Some REE samples in amongst the results is interesting, i see Punt Hill as there flagship project

Ok, so who bought in first thing today, i see MOX is currently up 1.5c to 8c (+23.1%) on 1.1m turnover

Was not me,but brought a few at 7.5 this afternoon.Is their uranium near where SRZ's joint venture is in SA.?

shasta
09-02-2011, 04:11 PM
Was not me,but brought a few at 7.5 this afternoon.Is their uranium near where SRZ's joint venture is in SA.?

Sorry Percy

Cant say im following there Uranium interests, have a look at MEU they took over the main uranium projects

MEU have permits around the Beverley, Four Mile & Honeymoon uranium mines, so its promising

I guess SRZ & MOX/MEU are all in South Australia, but ill have a look later tonight & get back to you

shasta
09-02-2011, 08:56 PM
This share is a complete dog. Those who bought today on "news" will be unhappy in a few months!!

Are you an unhappy ex holder - or do you have further info to backup your comment?

MOX is fully funded to complete there drilling campaign & have some big JV partners co-funding them.

shasta
09-02-2011, 09:03 PM
Are you an unhappy ex holder - or do you have further info to backup your comment?

MOX is fully funded to complete there drilling campaign & have some big JV partners co-funding them.

Ok, it seems this aint the only thread you have posted crap on, see ya

percy
09-02-2011, 09:07 PM
This share is a complete dog. Those who bought today on "news" will be unhappy in a few months!!

You seam to have a record with dogs.I would appreciate it if you could make a useful contribution to debates by stating some useful research to back up your views.
At this stage I can not figure if you have a brain,or not,or if you can engage it at all.

shasta
09-02-2011, 09:08 PM
You seam to have a record with dogs.I would appreciate it if you could make a useful contribution to debates by stating some useful research to back up your views.
At this stage I can not figure if you have a brain,or not,or if you can engage it at all.

That poster is now banned Percy, i see other threads had this virus visit them

shasta
11-02-2011, 02:25 PM
That poster is now banned Percy, i see other threads had this virus visit them

MOX - Monax to exercise Option over Cape York Bauxite Project

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=181793

This isn't one of MOX's main projects but good to see they are still looking for opportunities that don't break the bank, especially with some high grades samples

shasta
17-02-2011, 12:45 AM
Was not me,but brought a few at 7.5 this afternoon.Is their uranium near where SRZ's joint venture is in SA.?

MOX still going along nicely up to 9c today on 4m turnover

Not exactly overnight multibagger stuff Percy, but plenty more to come

Short term chart looks a ripper too

drillfix
17-02-2011, 01:06 AM
MOX still going along nicely up to 9c today on 4m turnover

Not exactly overnight multibagger stuff Percy, but plenty more to come

Short term chart looks a ripper too


Yeah, looks pretty good Shasta, never got in on the open, but didnt want to chase though ended up getting a half fill at 8.6c but coughed up to 8.8c to complete the fill so I never got another brokerage charge the next day.

Here is a Daily and Weekly side by side Chart for MOX:

http://i51.tinypic.com/2yjt0yd.png

Looks like some ema's starting to cross over on the daily and I think a realistic test of 11.5c is on the way and then onwards to 16c.

Wonder if there will be any upcoming news or developments from the Co? as there has been a significant increase in volume to what it normally trades at as you have pointed out.

soulman
17-02-2011, 01:14 AM
Sold a few small lots at 9.1. Thanks for the heads up Shasta. You are the best.

Still got another lot for the next leg up.

percy
17-02-2011, 06:06 AM
MOX still going along nicely up to 9c today on 4m turnover

Not exactly overnight multibagger stuff Percy, but plenty more to come

Short term chart looks a ripper too

more than happy,thank you shasta.Appreciate drillfix's contribution too.

shasta
21-02-2011, 06:52 PM
more than happy,thank you shasta.Appreciate drillfix's contribution too.

SMD has today put out a presentation with a bullish Copper outlook, & we know Gold after taking a breather appears headed back to > $US1,400/oz...

MOX has great exposure to Copper & Gold, & there Iron Ore/Manganese JV partner OMH reported a record profit due to its Manganese production.

Then i came across this Manganese article...

http://www.theaustralian.com.au/business/mining-energy/manganese-a-metal-to-watch-closely/story-e6frg9ex-1226009474396

MOX certainly has projects in the right commodities at the moment, yet the market still hasn't caught on...

MOX current SP $0.084

shasta
04-03-2011, 02:53 PM
MOX - Monax commences drilling at Waddikee Manganese Project,

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=182142

(ASX:OMH - has a ~$770m MCap). OMM is required to fund A$2 million over four years to acquire a 60% participating interest for manganese and iron on the project.

Drilling to date by Monax at the Jamieson Tank (hole prefix JTRC) and Polinga (PRC) prospects of the Waddikee Project has been highly encouraging.

Refer ann for drilling results

shasta
14-03-2011, 08:04 PM
Just updating my low EV list & see MOX has been smashed down to $0.064, which leaves an EV of $1.7m

Still looks to be one of the best LOW EV companies ive come across.

Punt Hill - Copper/Gold is being drilled

Waddikee - Manganese/Iron Ore being drilled with JV partner ASX:OMH

Should be plenty of drilling results/news this quarter, so i dont expect the share price to languish at these levels for long

Corporate
16-03-2011, 12:22 PM
Just updating my low EV list & see MOX has been smashed down to $0.064, which leaves an EV of $1.7m

Still looks to be one of the best LOW EV companies ive come across.

Punt Hill - Copper/Gold is being drilled

Waddikee - Manganese/Iron Ore being drilled with JV partner ASX:OMH

Should be plenty of drilling results/news this quarter, so i dont expect the share price to languish at these levels for long

Hi shasta, does that EV of $1.7m take into account the decreasing value of MEU?

shasta
16-03-2011, 06:53 PM
Hi shasta, does that EV of $1.7m take into account the decreasing value of MEU?

Yes it does, MOX owns 36m shares in MEU, although MOX & MEU also are JV partners at Melton a Copper/Gold project

http://stocknessmonster.com/news-item?S=MEU&E=ASX&N=182291

shasta
28-03-2011, 11:20 PM
Yes it does, MOX owns 36m shares in MEU, although MOX & MEU also are JV partners at Melton a Copper/Gold project

http://stocknessmonster.com/news-item?S=MEU&E=ASX&N=182291

MOX down 0.7c to 6.6c on 162k volume, leaving the EV at just $1.8m...

I have no idea as to why MOX would be dropping off, unless there are some real poor drilling results on the way from Punt Hill, (MEU is unmoved, OMH was up, so those projects dont appear to be it).

Still in my opinion the best leveraged stock on the LOW EV List, at last quarterly they had $4.6m cash, plus have JV funding by OMH & Antofagasta

A real head scratcher at the mo....

Corporate
29-03-2011, 06:12 AM
Saw that two Shasta - very low volume for a 10% drop! Worth keeping an eye on.

shasta
01-04-2011, 03:01 AM
Saw that two Shasta - very low volume for a 10% drop! Worth keeping an eye on.

MOX seems to have recouped most of its slide from earlier in the week to end up at 7.1c

For those who haven't looked into MOX's projects, check out the "Punt Hill" promising Copper/Gold project inparticular, that has Antofagasta onboard,

Heres a recent presentation on them

http://www.antofagasta.co.uk/pdf/presentations/AplcNomura20110315.pdf

Highlights:

2010 Copper production 521Kt & 2011 est 715Kt (+ Gold & Moly credits, low cash costs), which puts them in the worlds top ten copper producers

Est 2011 income based on current Copper prices ~ $US9350t = $US6.7b

Makes you wonder why they are sniffing around MOX, Punt Hill is on the same trend as Olympic Dam & Prominent Hill, so they are in good real estate!

Corporate
01-04-2011, 07:14 AM
2010 Copper production 521Kt & 2011 est 715Kt (+ Gold & Moly credits, low cash costs), which puts them in the worlds top ten copper producers

Est 2011 income based on current Copper prices ~ $US9350t = $US6.7b

Makes you wonder why they are sniffing around MOX, Punt Hill is on the same trend as Olympic Dam & Prominent Hill, so they are in good real estate!

This is exactly why I couldn't go past MOX. I got 100,000 @ 6.9c & considering some more!

Corporate
02-04-2011, 09:55 AM
The sell side is starting to look thin. I'm convinced this stock is money for jam - wait for some drill results. Once again shasta, thanks for the heads up.

I'm about to start a LOW EV watchlist.

shasta
02-04-2011, 12:09 PM
The sell side is starting to look thin. I'm convinced this stock is money for jam - wait for some drill results. Once again shasta, thanks for the heads up.

I'm about to start a LOW EV watchlist.

Wait til i update the LOW EV list this arvo, it has around 25 companies u may want to look at, else tell me what metal u are after & ill filter it

Corporate
02-04-2011, 03:13 PM
Wait til i update the LOW EV list this arvo, it has around 25 companies u may want to look at, else tell me what metal u are after & ill filter it

perfect - I'll hold off. I'm keen on the top 25! I wonder how a portfolio spread equally over those 25 companies would go over a period of a year?

shasta
02-04-2011, 03:47 PM
perfect - I'll hold off. I'm keen on the top 25! I wonder how a portfolio spread equally over those 25 companies would go over a period of a year?

Ive recorded the share price as at the time i found them & added them to the list, i can monitor them

Corporate
02-04-2011, 05:07 PM
Ive recorded the share price as at the time i found them & added them to the list, i can monitor them

how are they looking in terms of gains/losses?

shasta
02-04-2011, 05:22 PM
how are they looking in terms of gains/losses?

Only one down a bit is RSL, from 10.5c to 7.5c & thats due to its uranium projects (also has REE projects wth ASX:GBE)

Best movers are GMM 12.5c to 22c, & AXE 15c to 24.5c

Most are slighly up, but yet to run - will post the update later on tonight

Corporate
03-04-2011, 11:23 AM
Only one down a bit is RSL, from 10.5c to 7.5c & thats due to its uranium projects (also has REE projects wth ASX:GBE)

Best movers are GMM 12.5c to 22c, & AXE 15c to 24.5c

Most are slighly up, but yet to run - will post the update later on tonight

Nice and looking forward too it!

Corporate
06-04-2011, 11:58 AM
THanks for the heads up on MOX shasta, I'm up 13% on the 100,000 shares I got last week.

shasta
06-04-2011, 02:31 PM
THanks for the heads up on MOX shasta, I'm up 13% on the 100,000 shares I got last week.

MOX & there JV partners, MEU (Melton), OMH (Waadikee), & Antofagasta (Punt Hill) are all drilling currently so i expect plenty of positive news flow this quarter

Corporate
06-04-2011, 03:35 PM
MOX & there JV partners, MEU (Melton), OMH (Waadikee), & Antofagasta (Punt Hill) are all drilling currently so i expect plenty of positive news flow this quarter

Yip holding tightly!!

trackers
11-04-2011, 12:43 PM
MOX & there JV partners, MEU (Melton), OMH (Waadikee), & Antofagasta (Punt Hill) are all drilling currently so i expect plenty of positive news flow this quarter

Because of the above pending drilling results, I'm in. I'm trying to expand my horizons to look at companies who are undervalued AND have near-term drivers

Any decent results should see good movement, but I'm particularly keen to see more hits of high grade Manganese and Iron coming out of Waadikee.

drilling started over a month ago and its RC so, shallow...

shasta
19-04-2011, 04:59 PM
Because of the above pending drilling results, I'm in. I'm trying to expand my horizons to look at companies who are undervalued AND have near-term drivers

Any decent results should see good movement, but I'm particularly keen to see more hits of high grade Manganese and Iron coming out of Waadikee.

drilling started over a month ago and its RC so, shallow...

MOX - Quarterly Activities & Cashflow Report

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=182767

Outlines the MOX story quite well, a must read on one of the most undervalued LOW EV stocks (along with HLX & IRC)

In addition to there 3 main projets, new bauxite & gold projects picked up during the quarter & looking at gold & tin

NB, the map & the trend of where Punt Hill is

Based on last night MOX @ 7.9c - MCap $11.7m, Cash @ 3.8m, & MEU shares worth $3.2m (@ 8.8c), so EV = $4.7m

If i was to hold just 1 stock for the rest of the year, it wud be MOX ;)

Entrep
27-04-2011, 01:24 PM
Unsure why this is getting sold off a little today, but been waiting on the sidelines and now holding at .068

shasta
27-04-2011, 01:43 PM
Unsure why this is getting sold off a little today, but been waiting on the sidelines and now holding at .068

I guess its not very liquid, so is sensitive to short term fluctuations.

Fundamentals say, they are actively drilling there 3 main projects, have plenty of cash to fund Melton with MEU, & Punt Hill & Waddikee are largely funded byJV partners.

MOX may require another 6 months to see some real gains, but im pretty confident MOX will be 10c within 3 months & 15c within 6, all going well maybe 20c by years end, subject to general market conditions

Entrep
02-05-2011, 04:06 PM
Sold off on low volume again today. Combination of weak hands need to sell and no buyers wanting to buy given the high $AUD and poor outlook for small caps and ASX in general? Hopefully not any leaked drilling results or something, but then volume would be way more.

Aotea
02-05-2011, 06:42 PM
I agree Entrep, just the liquidity of MOX not a leak. Hold tight, given the tenements things should get moving...

Corporate
02-05-2011, 07:18 PM
Holding onto my MOX too, so who know's who is selling!

trackers
02-05-2011, 07:47 PM
Holding mine too lol. Agree with the sentiments re low liquidity (bad when its going down, great when its going up!).

Caesius
09-05-2011, 04:10 PM
Announcement: High Grade Manganese from Waddikee Project.

On another note, I've read the entire announcement, but I'm none the wiser on what most of it means! Where did everyone here learn to read resource announcements like this one? Any hints/links appreciated

Entrep
09-05-2011, 07:22 PM
Buyers stepped up again, must be alright. Still not back over 7c

shasta
09-05-2011, 09:25 PM
Announcement: High Grade Manganese from Waddikee Project.

On another note, I've read the entire announcement, but I'm none the wiser on what most of it means! Where did everyone here learn to read resource announcements like this one? Any hints/links appreciated

Have a read of OMH's quarterly report they are a $750m+ MCap Maganese company, & JV partner for MOX (also in JV with AXE off the LOW EV list)

Then compare the grades etc, i havent read the ann yet will do that tonight though

JBmurc
20-05-2011, 11:14 AM
well stepped up and brought a small parcel at 6.3c looks to have very good long term support at these high 5's low 6's levels ...

JBmurc
20-05-2011, 11:37 AM
games being played on MOX I was the top bidder 5.9c only got $400 sold to me on the offers their was 400k+ 6.3-6.5 I made up 110k in my buy at 6.3 then seconds later larger offer 6.5c was pulled offers now at 6.7c guess with such low volume low liquidity many holders that want to top up cheap can try and manipulate the price by stacking the offers above the front offer price esp on a pullback...wouldbe nice to get more in the low 6's

shasta
26-05-2011, 09:14 PM
MOX - Exploration Update

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=183216

I urge everyone holding or looking at MOX, to have a good read of this ann, as it outlines the potential timing of newsflow for 2011

MOX @ $0.059, has an MCap of $8.7m, $3.8m cash as at 31/3, 36m shares in MEU worth $2.4m leaving an EV of just $2.5m

Wont be sub 6c for long ;)

trackers
27-05-2011, 08:00 AM
Hey Shasta, thanks for that.. I currently hold.

I really like their waddikee manganese/iron JV with OMM - looking forward to more action there (not that the last drill results did much for sp)

shasta
27-05-2011, 10:45 AM
Hey Shasta, thanks for that.. I currently hold.

I really like their waddikee manganese/iron JV with OMM - looking forward to more action there (not that the last drill results did much for sp)

OMH u mean ;)

I really like the Punt Hill Copper/Gold project with Antofagasta, having a top 10 copper producer in the world as JV partner is massive.

OMH also have a Manganese JV project with AXE (another stock on the LOW EV list, & AXE also part owned by HRS off the Negative EV)

shasta
10-06-2011, 08:13 PM
MOX - Director buy 500k @ 6c off market

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=183375

Always nice to have Directors buying, even if off market & only $30k

MOX closed up 0.4c at 6.2c, EV = $3.4m

JBmurc
28-06-2011, 07:09 PM
MOX bouncing of it's lows this week some interest returning today news coming IMHO.....bargin hunters.....

Corporate
28-06-2011, 07:17 PM
tiny volume thought JB...wish I was as excited!

JBmurc
28-06-2011, 08:22 PM
tiny volume thought JB...wish I was as excited!

yes but MOX isn't exactly a high volume trader tomorrow could see it in the high 5's from the last few days of low 5's trades some 600-700k traded at these lows
in the depth a 247k bidder now willing to pay 5.5c offers 80k at 5.7 with little on offer all the way up to 10c etc ....maybe not too exciting but for a micro cap like MOX even a 20% turn round 6c by first week july likely would put a simile on my dial if I'd got my fill at 5c

shasta
28-06-2011, 08:33 PM
yes but MOX isn't exactly a high volume trader tomorrow could see it in the high 5's from the last few days of low 5's trades some 600-700k traded at these lows
in the depth a 247k bidder now willing to pay 5.5c offers 80k at 5.7 with little on offer all the way up to 10c etc ....maybe not too exciting but for a micro cap like MOX even a 20% turn round 6c by first week july likely would put a simile on my dial if I'd got my fill at 5c

Should have drilling results from all 3 main projects anytime soon (2 Copper/Gold projects & a Manganese/Iron Ore project)

Corporate
28-06-2011, 08:51 PM
yes but MOX isn't exactly a high volume trader tomorrow could see it in the high 5's from the last few days of low 5's trades some 600-700k traded at these lows
in the depth a 247k bidder now willing to pay 5.5c offers 80k at 5.7 with little on offer all the way up to 10c etc ....maybe not too exciting but for a micro cap like MOX even a 20% turn round 6c by first week july likely would put a simile on my dial if I'd got my fill at 5c

True, it'd like to see MOX move up past my average of 6.9c...I don't like being in the red :-)

shasta
28-06-2011, 09:41 PM
True, it'd like to see MOX move up past my average of 6.9c...I don't like being in the red :-)

Should be plenty of newsflow over the next 3 months...

Any decent results from Punt Hill & MOX should hit 10c, its a copper/gold highway around there, & Antofagasta are funding it.

All MOX has to fund is the 50:50 Melton (Copper/Gold) project with MEU, & MOX owns 36m MEU shares having spun MEU out previously.

The Waddikee Manganese/Iron Ore project with OMH, has more results due & remember the last update said they had just hit the highest grade Manganese to date.

MOX also has some promising Bauxite (Cape York) & Gold projects (Percyvale) all 100% owned in Qld.

But general market sentiment isnt helping the junior exploration companies, as raising capital is getting harder, & usually at hefty discounts!

MOX has $3.8m cash, & could easily scale back the Melton project, & let there JV partners fund the other main projects.

Disc: Nil held

JBmurc
29-06-2011, 05:33 PM
Should be plenty of newsflow over the next 3 months...

Any decent results from Punt Hill & MOX should hit 10c, its a copper/gold highway around there, & Antofagasta are funding it.

All MOX has to fund is the 50:50 Melton (Copper/Gold) project with MEU, & MOX owns 36m MEU shares having spun MEU out previously.

The Waddikee Manganese/Iron Ore project with OMH, has more results due & remember the last update said they had just hit the highest grade Manganese to date.

MOX also has some promising Bauxite (Cape York) & Gold projects (Percyvale) all 100% owned in Qld.

But general market sentiment isnt helping the junior exploration companies, as raising capital is getting harder, & usually at hefty discounts!

MOX has $3.8m cash, & could easily scale back the Melton project, & let there JV partners fund the other main projects.

Disc: Nil held


Yes is why I'd like to have a few more got to love the free carry exploration

shasta
29-06-2011, 06:16 PM
Yes is why I'd like to have a few more got to love the free carry exploration

Especially when the Punt Hill Copper/Gold JV partner Antofagasta is a top 10 global copper producer (FY11 est production @ 700,000T Cu!) & the Waddikee Manganese/Iron ore JV partner (ASX: OMH) is already a Manganese producer!

JBmurc
06-07-2011, 08:02 PM
Thought the selling pressure might have been over during JUNE but good for me some holders still want to sell a few down got a nice average down at 5.3c today.

MOX North Queensland percyvale Gold/Silver project 2011 (which is really a bonus project for MOX outside the other big three their involved with)

• Previous rock chip sampling reported gold up to 608 g/t at Percy West and 197 g/t at Union Leases
• RC drilling planned for early July (1000m program) – rig booked




MOX 5th project Cape York - Bauxite
• Drilling planned after necessary approvals (after June 2011)

shasta
18-07-2011, 09:44 PM
MOX - Drilling commences at Percyvale Gold project

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=183738

HIGHLIGHTS
• RC drilling of four gold Mining Leases located in the Percyvale region, northern Queensland has commenced
• Previous rock chip sampling reported gold up to 608 g/t at Percy West Mining Lease and 197 g/t at Union Mining Lease
• Previous drilling at Union Lease reported intersections up to 5m @ 12.5 g/t gold and 2m @ 24 g/t gold
• Drilling expected to take ten days to complete with results due mid-August

Something to note in ya diaries ;)

Huang Chung
18-07-2011, 10:14 PM
MOX - Drilling commences at Percyvale Gold project

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=183738

HIGHLIGHTS
• RC drilling of four gold Mining Leases located in the Percyvale region, northern Queensland has commenced
• Previous rock chip sampling reported gold up to 608 g/t at Percy West Mining Lease and 197 g/t at Union Mining Lease
• Previous drilling at Union Lease reported intersections up to 5m @ 12.5 g/t gold and 2m @ 24 g/t gold
• Drilling expected to take ten days to complete with results due mid-August

Something to note in ya diaries ;)

1000m of RC over 14 holes. Shallow targets by the look of things.

JBmurc
19-07-2011, 06:11 PM
yes looks like I got more just in time ,looking forward to Mid August with Gold over 1500AUD once again many goldies starting to get some real interest MOX well under the radar of most so if they can get some shallow drilling like the previous crew did we will be happy holders

shasta
25-07-2011, 07:17 PM
MOX - Monax commences IP Survey over high grade manganese prospect on Eyre Peninsula

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=183805

The Hodgins manganese prospect is located on the Waddikee project.

The IP survey will further evaluate the high grade drilling results that returned 52m @ 21.1% Mn
from drill hole HRC005 (Figure 2).

The Waddikee project is the subject of a farm-in agreement with OM (Manganese) Ltd (OMM), a
wholly-owned subsidiary of OM Holdings Limited (ASX:OMH).

OMH is a Manganese producer with a $500m+ Mcap

JBmurc
29-07-2011, 04:35 PM
busy next qtr for MOX SP should be much higher come next Qtr report IMHO

Exploration Program for Current Quarter (July – September)
Punt Hill – copper-gold
• Assessment of gravity data and target generation • Aboriginal heritage clearance
Waddikee – manganese, iron
• IP survey over Hodgins prospect • Continued assessment of the iron potential
Melton – copper-gold
• Assess drilling results Pretender Creek – bauxite
• • •
Undertake Aboriginal heritage clearance Commence on-ground bauxite exploration Drilling program to commence in October 2011
Percyvale – gold
• Drilling program commenced mid-July 2011.

shasta
31-07-2011, 07:01 PM
busy next qtr for MOX SP should be much higher come next Qtr report IMHO

Exploration Program for Current Quarter (July – September)
Punt Hill – copper-gold
• Assessment of gravity data and target generation • Aboriginal heritage clearance
Waddikee – manganese, iron
• IP survey over Hodgins prospect • Continued assessment of the iron potential
Melton – copper-gold
• Assess drilling results Pretender Creek – bauxite
• • •
Undertake Aboriginal heritage clearance Commence on-ground bauxite exploration Drilling program to commence in October 2011
Percyvale – gold
• Drilling program commenced mid-July 2011.

Heres the quarterly, well worth investing 30 mins to read through

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=183885

South Australian projects

Monax has three core South Australian projects (Figure 1).

1. Punt Hill – copper-gold (farm-in with Antofagasta). a top ten global copper producer FY11 forecast 700,000t Cu
2. Waddikee – manganese, iron (farm-in with OM (Manganese) Limited). - ASX listed OMH
3. Melton – copper-gold (JV with Marmota Energy). 50:50 with ASX listed MEU

There are some gold & bauxite projects, but these 3 main projects are the main share price drivers, & the Punt Hill project IMHO is the "biggie"

JBmurc
07-08-2011, 11:33 AM
MOX holding strong while many of their peers get smashed

JBmurc
15-08-2011, 10:59 AM
big gap in the MOX depth .054c bid .065 offers

looking forward to seeing any serious buying closing the gap towards 7c+ this Qtr

Exploration Program for Current Quarter (July – September)

Punt Hill – copper-gold
• Assessment of gravity data and target generation
• Aboriginal heritage clearance
Waddikee – manganese, iron
• IP survey over Hodgins prospect
• Continued assessment of the iron potential
Melton – copper-gold
• Assess drilling results Pretender Creek – bauxite
• Undertake Aboriginal heritage clearance Commence on-ground bauxite exploration Drilling program to commence in October 2011
Percyvale – gold
• Drilling program commenced mid-July 2011.

shasta
16-08-2011, 04:34 PM
big gap in the MOX depth .054c bid .065 offers

looking forward to seeing any serious buying closing the gap towards 7c+ this Qtr

Exploration Program for Current Quarter (July – September)

Punt Hill – copper-gold
• Assessment of gravity data and target generation
• Aboriginal heritage clearance
Waddikee – manganese, iron
• IP survey over Hodgins prospect
• Continued assessment of the iron potential
Melton – copper-gold
• Assess drilling results Pretender Creek – bauxite
• Undertake Aboriginal heritage clearance Commence on-ground bauxite exploration Drilling program to commence in October 2011
Percyvale – gold
• Drilling program commenced mid-July 2011.

Punt Hill is the elephant worth waiting for ;)

shasta
12-09-2011, 07:43 PM
MOX/MEU - Melton Update

http://stocknessmonster.com/news-item?S=MEU&E=ASX&N=184480

SIGNIFICANT COPPER ASSAY RESULTS RETURNED FROM DRILLING AT SA’s MELTON COPPER-GOLD PROJECT

Probably Mox's 3rd main project in south australia, a 50/50 Jv with ASX:MEU

shasta
13-10-2011, 08:55 PM
MOX - Monax commences drilling at Queensland Bauxite Project

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=184936

HIGHLIGHTS
• Maiden drilling program for bauxite underway in the Pretender Creek region,
northern Queensland.
• Previous rock chip sampling reported bauxite up to 44.5% Al2O3 at surface.
• Drilling expected to take between three and four week with results due late in 2011.

In addition to MOX's 3 main projects (Cu/Au - Punt Hill, Cu/Au - Melton & Mn/Fe - Waddikee), MOX has some promising bauxite exploration projects.

For more on Bauxite companies check out ABZ (HRS majority owned, see HRS thread) & CBX (MLM part owned)

Corporate
21-10-2011, 10:45 AM
Drilling to commence in the coming weeks at Punt Hill. This is what I've been waiting for

http://www.asx.com.au/asxpdf/20111019/pdf/421v9tcyzl9wfb.pdf

shasta
22-10-2011, 09:55 PM
Drilling to commence in the coming weeks at Punt Hill. This is what I've been waiting for

http://www.asx.com.au/asxpdf/20111019/pdf/421v9tcyzl9wfb.pdf

Should they find any promising copper/gold grades, expect Antofaghasta to dig up half of South Australia given the location of Punt Hill!

shasta
26-01-2012, 12:07 AM
MOX - December Quarterly

http://stocknessmonster.com/news-item?S=MOX&E=ASX&N=186723

HIGHLIGHTS
• Four drill holes completed at Monax’s Punt Hill copper-gold project located in northern South Australia with copper and associated iron-oxide copper-gold metals reported from first the drill hole.
• Two holes show evidence of alteration consistent with proximity to iron-oxide copper-gold systems.
• Further exploration proposed for Punt Hill including deep penetrating induced polarisation followed by drilling.
• Strategic alliance signed with major Chilean copper miner Antofagasta for project generation in South Australia.
• Antofagasta to commit US$1 million over two years to fully fund Monax for project generation activities.
• Gradient array induced polarisation survey at Polinga prospect outlines a potential new manganese horizon on its Waddikee manganese and iron project on S.A’s Eyre Peninsula.
• 3000m drilling program to commence in late February to test new anomalies outlined by gradient array induced polarisation surveys at Polinga, Hodgins and Jamieson Tank manganese prospects.

Next Quarter....

Exploration Program for Current Quarter (January - March)

Punt Hill – copper-gold
• Assess drill hole results.
• Deep penetrating induced polarisation survey.
• Plan next phase of drilling.
• Aboriginal heritage clearance for second phase of drilling as part of Antofagasta farm-in.

Waddikee – manganese, iron
• GAIP survey at Jamieson Tank to be completed in January.
• Aircore drilling program to commence in late February at Polinga, Jamieson Tank and Hodgins prospects.
• Continued assessment of the iron potential.

Yorke Peninsula – copper-gold
• Assess Melton drilling results.
• Soil/calcrete sampling program planned for Webling Bay to commence in March 2012.
• Assessing available geophysical data for EL 3907 (Coonarie).

Pretender Creek – bauxite
• Assess drilling results.

Huentelaquen (Chile) – iron sands
• Due diligence.

Monax:Antofagasta Strategic Alliance
• Assess potential copper projects within South Australia.

MOX has $3m cash, & owns 36m shares in ASX:MEU worth $1.8m (@ 5c), so EV is < $2m @ 4.2c

NB, 2 of MOX's 3 main projects are funded by JV partners, MOX remains one of only a few low EV stocks im still interested in

JBmurc
26-01-2012, 08:13 AM
yeah been hammered of late shasta sold most at 5.9c still got a small few

shasta
26-01-2012, 01:38 PM
yeah been hammered of late shasta sold most at 5.9c still got a small few

In line with the general market, i haven't seen any change in the company's fundamentals!

I know $US1m isnt big bickkies but for Antofaghasta to fund some further project generation (Cu/Au) shows me at least they intend sticking around with MOX (who have a variety of bonus payments due on any commercial discoveries).

The success of OZL & CAP in the region hasn't been factored into MOX's share price, add in JV fund contributions & it's a negative EV!

When i look at MOX i exclude the Melton (Cu/Au) JV with MEU, the bauxite & gold projects in Qld, & even the new Iron Sands project in Chile.

For me MOX is all about Punt Hill (Cu/Au with Antofaghasta) & Waddikee (Mn/Fe with ASX: OMH)

JBmurc
26-01-2012, 09:09 PM
In line with the general market, i haven't seen any change in the company's fundamentals!

I know $US1m isnt big bickkies but for Antofaghasta to fund some further project generation (Cu/Au) shows me at least they intend sticking around with MOX (who have a variety of bonus payments due on any commercial discoveries).

The success of OZL & CAP in the region hasn't been factored into MOX's share price, add in JV fund contributions & it's a negative EV!

When i look at MOX i exclude the Melton (Cu/Au) JV with MEU, the bauxite & gold projects in Qld, & even the new Iron Sands project in Chile.

For me MOX is all about Punt Hill (Cu/Au with Antofaghasta) & Waddikee (Mn/Fe with ASX: OMH)

yes MOX much like HLX have really great potential but very little market interest currently i.e why I have most of my funds in companies I believe the market / analyst's will jump on quick smart or near term cashflow cows
If all goes to plan an I get a few moves in those selections some of the profits will head towards the likes of MOX/HLX that will do well longer term IMHO

Caesius
09-03-2012, 10:48 AM
Weren't Punt Hill results due out already?

Caesius
30-04-2012, 08:33 PM
Man, my last question was so long ago I forgot I asked it. A bit like how I'd almost forgotten I owned MOX...

Took a heck a ride upward today (a pleasant surprise) - this is all on the back of the prospect of graphite I take it?

deks14
01-05-2012, 10:07 AM
Man, my last question was so long ago I forgot I asked it. A bit like how I'd almost forgotten I owned MOX...

Took a heck a ride upward today (a pleasant surprise) - this is all on the back of the prospect of graphite I take it?

I think so with the combination of the USD2.5Mil investment by Antofaghasta in Punt Hill being put to use later in the year should make for an interesting few months

soulman
04-05-2012, 07:50 PM
99.9% graphite for sure. This sector is getting a bit of a hurry up the last week or so.

Just a lazy 54 mil shares traded in MOX today out of their capital issue of 149 mil. Trading was frenzy, sending it up as high as 9.9, closing at 7.9 in the minus. I got back in at 7.9 at close,

Other stock in the graphite I know include AXE, MGY and SYR. All have doubled and tripled, with SYR the best performer.

Is there any others?

Caesius
05-09-2014, 12:29 PM
Well a few years on and this stock is languishing in the 1-3 cent range. Interesting talk about coordinated pump and dump tactics being heard..

/end conspiracy