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Ann: Completion of First Phase Drill Program in Botswana, page-16

  1. 11,334 Posts.
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    The company should be actively seeking a JV for Monument with a cashed up peer. Some sort of earn in or farm in to speed up significant spending on drilling. Unfortunately with such a low share price and having just undertaken a capitalise raise, we can’t afford to dilute the stock further with another on market capital raise to fund monument gold. We need to either wait for Botswana and Brazil exploration results to be factored into the market cap, which they are yet to do, considering the positive results, or we need to undertake corporate activity for monument gold Imo. Gold price is amazing and at all time highs as you said. I am still very bullish on the REE and base metals of Brazil and Botswana and a turnaround will take place in the next few months imo.
 
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