MON 0.00% 29.5¢ monarch gold mining company limited

sorry just my opinion, BURNING $10 MILLION a month, bailed out...

  1. 49 Posts.
    sorry just my opinion, BURNING $10 MILLION a month, bailed out not once but 2 or 3 times by TTY shareholders, the banks will NOT lend company's like this $$$$$,
    for a very good reason ?
    Woteva i think the company is on thinner ice than me brother ???
    Anyway just my opinion and only that !
    In my opinion the ship will sink !!!,
    probably very soon.
    One poster here said there was only $850,000 in the bank, 3 days worth at MON;s cash burn rate, i thought they had more left with the $20 million TTY gave them in 2 lots and a fire sale asset sale or 2.
    Woteva IF TTY had not been buying and supporting cap raisings MON WOULD ALREADY BE in administration.
    Before every admin there is a big dump. i have sold and will never buy back.

 
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.