MON 0.00% 29.5¢ monarch gold mining company limited

428k left in the bank

  1. 103 Posts.
    sorry guys, not down ramping. Just wondering what the hell is going on with mon!

    I bought some a while back at 26 sold out at 29 b/c lack of movement even after it became a producer!

    Something was up.

    Anyone looked at the balance sheet!!!!

    spent around 20 million this quarter, borrowed 7.5 and used up ALL there cash. Now have 428K left in the bank!!!

    I'm i missing something??

    I was about to put some dosh on the line, as MK is a top manager.

    As for MK buying 1 000 000 shares, I reckon that's more show than anything, he already has 40 million of them, and to drop 250K from his personal fortune aint gonna hurt that much!

    Regards

    Zip
 
watchlist Created with Sketch. Add MON (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.