MON monarch gold mining company limited

buyers circling, page-7

  1. 4,673 Posts.
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    Well, assuming MON isn't bankrupt, its option to purchase could be passed on to a third party with the consent of Harmony, I assume.

    As for selling infrastructure and mills...look at how well CRE is doing on an old mothballed mill right now. It paid sod all for its mill, so I think the estimates for what MON would get from its clapped out rusty mills is a bit optimistic.

    Its now basically 3-0 for insolvent miners who started up old mines in WA; Gleneagle, View and Monarch. Crescent will need a good dose of luck.
 
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