From the TTY thread- MK getting desperate (Thanks Rob)!!!
MK warned last night he would put administrators into Monarch Gold by the end of the week if the struggling miners biggest shareholder Territory Resources refused to provide a financial lifeline.
In addition to owning 19.9 per cent of Monarch, Territory is also owed about $18 million, if Monarch collapses, Territory would struggle to recoup its equity and debt.
Who are Germany up against Hain?
monarch takeover, page-22
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