mon media, page-50

Hi King

Goldy is a large Basher and wants cheaply to buy, that is the reason of the bad speech!!

Letter to Shareholder from TTY to Day!!

http://sa.iguana2.com/cache/9ba12794f545a441b4596d51c8d9ebe3/ASX-TTY-399378.pdf

Similar is our investment in Monarch Gold Mining Company Limited. This company based
on projected future earnings is, in our opinion, trading at a discount of some 50% of future
share price. Monarch has been through a tough time in developing its operations and have
made public comments that it is about to turn the corner.