bad news, page-8

Lastest TTY Appendix 5B says $20 million YTD of loans to other entities, with $3 million paid back. Thus it is possible that MON owe TTY $17 million, and then there is the amount owing to IRL.

I hold neither TTY, IRL or MON. I have suggested in previous posts that shareholders seek clarification from respective management regarding the conditions over these loans.

If I was a MON holder I would be asking what happens if Harmony don't play ball about the expansion, or alternatively want the acquisition to be mainly cash, rather than taking large slabs of MON shares and convertible notes.

Also, I would be asking what the costs are of letting go the contractors / employees involved in the Davyhurst mining operations.

Whatever is the outcome, it will interesting to see what happens to the MON share price. Some hard questions will presumably to asked about the performance of MON and TTY directors in particular.

Good luck to MON shareholders,.