MON 0.00% 29.5¢ monarch gold mining company limited

yes HainBut will MON still be operating when gold is $1,500 per...

  1. 2,019 Posts.
    yes Hain

    But will MON still be operating when gold is $1,500 per Oz, how many times will they rattle the coin collection can while shareholders wait for this surge in the gold price, MON cant complete placements now for a very good reason, the cash burn rate is huge and MON is on borrowed time unless they change coarse.

    Raise production in a hurry or gold better go to $1500 next month.

    The only other choice is to place more shares to TTY.

    Dosnt look good at all, when the first results why Walhalla came through they should have cut and run from that pit, instead MK decided that it was good to keep processing ore with hardly any gold in it to iron out the plant, this was when i jumped out at 28c pre share consolidation, i mean what a total idiot of a decesion to make to keep processing Walhalla ore.

    It was that one very decession why MON is where it is today, the buck stops at the top and MK has totaly failed ALL MON shareholders.

    An absolutely dismal performance by MK
 
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Currently unlisted public company.

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