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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Monto | MON | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 3.125 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 3.125 |
| Top Posts |
|---|
Posted at 24/4/2007 12:52 by petercrosby Central & North Burnett TimesThursday 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. |
Posted at 26/11/2003 10:37 by responsiboloxlad Good morning gentlemen.I am feeling very intelligent today and feel that today i am in a good position to asist my fellow investors with my fantastic investment advice. So if you or any of your friends have any questions and are in need of sound investment advice then feel free to ask. Both myself and my mum are in all day today so you get to benefit from her advice as well! She has a very good eye for shrewd investments and has done amazingly out of tescos shares. I await you questions with baited breath! Regards: OMB |
Posted at 25/11/2003 14:48 by dell314 Me and Peter have spent our profits on Hauppage TV graphics cards and now we usually watch CeeBeebies on our monitors when we aren't helping investors with our CYH and TMN forecasts.Rgds Responsible Lad & Peter Barnes esq. |
Posted at 25/11/2003 14:24 by scuba doo Robby - I thank you for your contribution my good man, however, we are trying to appeal to the more serious investor on this thread. I'll get straight to the point if I may ? Robby George - 25 Nov'03 - 14:21 - 1 of 1 (Trouble maker) |
Posted at 14/2/2002 08:40 by maestroman2 another scam to fleece the small investors? |
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