Monto Minerals Share Discussion Threads

[scaleyman] 24/5/2007 13:02

Won't be like that for long though!

[petercrosby] 24/5/2007 12:49

Oooh it's all shiney and new!

[scaleyman] 24/5/2007 08:09

Can anyone here explain why Monto options (MONO) has appeared in the top ten gainers list three times within the life of this thread, but the screen figures don't seem to reflect the indicated changes in sp? In words of one syllable please!

Edit. Reckon that invites a "No" then! :)

[petercrosby] 22/5/2007 12:42

Looking good Scaley

[scaleyman] 22/5/2007 11:16

May 2007 updates, from website.

[petercrosby] 24/4/2007 12:52

Central Telegraph
Friday 20/4/2007
Page: 5

MONTO Minerals Goondicum
project is on schedule to start production
in the second half of the
year following the finalisation of a
funding restructure.
Monto Minerals chairman Peter
Slaughter said the funding package
represented the final pillar in the
completion of the project.
"Guarantees required by infrastructure
providers, a cost efficient
power supply and our capital needs
through to 2009 are now fully funded,"
Mr Slaughter said.
"The project is advancing on
schedule, with sales due to commence
in the second half of 2007
and good progress being made in
marketing."
Monto Minerals is developing a
mineral sands mining operation
30km east of Monto. The operation
will extract feldspar (used in glass
production), ilmenite (used to produce
white pigment in paint, plastics
etc), apatite (used in fertiliser
production) and titan-magnetite
(used in coal-washing facilities).
The company now has the funding
to take the project through to
full production, and to provide for
planned expansion over the next
two years.
The $35 million funding commitments
are subject to approval at a
shareholder meeting to be held mid
to late May.
The funding is being provided by
major existing institutional shareholders
together with several institutions
new to the Monto register.
Construction of the processing
plant at Goondicum is on schedule
and forecast for completion in
June.
The water pipeline is more than
50 per cent complete and is advancing
at 500 metres a day.
It is expected to be commissioned
in May or June to ensure it is completed
before the processing plant.
The water bore was completed on
April 4 and testing of the expected
yield will be conducted soon.
A second bore is scheduled to be
constructed in 2008 prior to increasing
production rates.
Construction of the feldspar
washing plant facility at Dakiel is
on track for completion by September.
Diesel generators will provide
the power supply for the Goondicum
project for commissioning and
initial production.
Construction of the power line is
scheduled to start this month and
be completed in the September
quarter.

[petercrosby] 24/4/2007 12:52

Central & North Burnett Times
Thursday 19/4/2007

Monto Minerals announced on Monday that its
Goondicum project is on schedule to commence
production in the second half of the
year following the finalisation of a funding
restructure.
Monto Minerals Chairman Peter Slaughter described
the funding package as a strong financial
outcome that represented the final pillar in the completion
of the project.
"Guarantees required by infrastructure providers,
a cost efficient power supply and our capital
needs through to 2009 are now fully funded," Mr
Slaughter said.
"The Project is advancing on schedule, with sales
due to commence in the second half of 2007 and good
progress being made in marketing.
"The multiple products from this unusually diverse
mine will soon be taking their place in the industrial
minerals markets of the world."
The company has the funding to take the project
through to full production, and to provide for
planned expansion over the next two years.
The funding commitments are subject to approval
at a shareholder meeting to be held mid to late May.
The funding restructure includes an immediate
fundraising of A$35 million, comprising a A$23 million
ordinary share placement to Australian and UK
investors and a A$12 million Convertible Note.
The A$35 million fundraising will be used to restructure
the finances of the Project by: Replacement
of bank infrastructure guarantees (A$15.7 million);
Replacement of third party power line construction
financing (A$6.5 million); Replacement of the pre
AIM IPO Sentient funding arrangement (A$6.0 million);
Replacement of leverage lease funding proposal
(A$5.3 million); and funding working capital, including
fund raising costs (A$1.5 million).
A further committed A$6 million loan facility completes
the package and will fund scheduled production
expansions in mid 2008 and 2009.
The funding is being provided by major existing
institutional shareholders together with several institutions
new to the Monto register.
Construction of the processing plant at Goondicum
is on schedule and forecast for completion in
June.
The water pipeline is over 50 per cent complete
and is advancing at a rate of 500 metres per day.
It is expected to be commissioned in May or June
to ensure it is completed before the processing plant.
The water bore was completed on April 4 and testing
of the expected yield will be conducted shortly.
A second bore is scheduled to be constructed in
2008 prior to increasing production rate.
Construction of the feldspar washing plant facility
at Dakiel is on track for completion by September.
Construction of the power line is scheduled to
commence this month and to be completed in the
September quarter.

[petercrosby] 24/4/2007 12:50

Five-year plan pays
WELL-known mining figures
Peter Slaughter (ex-MIM) and
Geoff Moore (ex-Consolidated
Rutile) are feeling pleased this
week after confirming that
Monto Minerals' industrial
minerals project at Goondicum
in central Queensland will be
completed and in production
this year.
It's five years since they took
the helm at Monto and came up
with the multi-product strategy
that is finally bringing the
project into production.
They've now put together a
$35 million funding package
backed by the major shareholders
to take the company
beyond start-up and through to
2009. It was needed largely
to cover guarantees required
by the infrastructure
providers (water etc)
before the project is generating
substantial revenue.
Monto also decided to
build its own powerline because
it is better value.

[petercrosby] 23/4/2007 16:47

Down a bit in Aus may be a tick down in the morning.

[petercrosby] 20/4/2007 16:46

Suprised it went up considering the 100K sell which just about cancels out all the buys that have gone through recently. Looks like you got fleeced a bit, but then it doesn't take much to move this. It should fly when we get news of firmed up supply contracts.

[scaleyman] 20/4/2007 13:47

10k just ticked us up, maybe I should have got some more!!

Edit. Of course if I'd acted at below 8p i'd have felt better. :)

[petercrosby] 19/4/2007 08:26

Hat/Ram

Have you any thoughts on how this should be valued? My 'Conservative' 0.4p EPS in year 1 puts this on a PE of 25 for the current price which leads me to think my calcs are somewhat incorrect. Any ideas?

[rambutan2] 18/4/2007 13:43

doh!

how'd i miss that then?

no wonder it going up!!

[hattori_hanzo] 18/4/2007 13:37

ram - Check out the recent announcement on funding:

"Guarantees required by infrastructure providers, a cost efficient
power supply and our capital needs through to 2009 are now fully
funded," Mr Slaughter said.

[petercrosby] 18/4/2007 12:40

I agree HH picked up some at 8p

[rambutan2] 18/4/2007 11:27

what's the view on the funding requirements?

[hattori_hanzo] 18/4/2007 11:23

I've been accumulating MON, at 8 & 8.5p, looks like I timed it just right. Potentially huge upside from here.

[petercrosby] 18/4/2007 08:26

Another tic up on no volume...

[petercrosby] 17/4/2007 12:36

Does anyone know anything about options you can buy MONO for 1.5p which have the description 'to subs ord share'

Does this mean I can buy share options for 1.5p and then at some point in the future I'll be able to convert them to ordinary shares?