MON needs capital fast to stay solvent. TTY wont lend funds. In fact TTY will be asking for money to be returned.
Only way for MON to survive is for MK to find money elsewhere. How are they going to do the Mt Magnet deal when MON has no money. Banks wouldn't even think about lending money to MON and a capital raising is out of the question.
I can only see finance comming from MK which will test his resolve. Perhaps he might sell some TTY shares? He needs to be careful as MON is a bucket with a hole and has consumed huge amounts of cash.
MON Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
