MON 0.00% 29.5¢ monarch gold mining company limited

juggling finances, page-3

  1. 2,019 Posts.
    Hainholz

    How can MON be cash flow positive april 1st?? Nobody has a clue as to what its costing MON to produce at this moment,is it 900 per OZ or is it over $1000, who knows as MK wont tell us, he wont say because production is still way down and they cant get it up, a bit like a drunk at 181 hay street in kalgoorlie at 4 in the morning.

    All that MON has said recently is they are looking to december 2008 to lower costs below $700 per OZ, thats bloody 10 months away, for christ sake the company was to be producing 10,000 OZ's per month by Jan 2008, thats why i bought last year, thank god i sold when i read the september 2007 qauterly for a very small loss as things didnt add up with huge cash burn rates, STILL mon have huge cash burn rates.

    I hope that MON can get it together but MK has failed its shareholders so far to date, no one can argue with the comapnays poor performance so far.

    Lets see what the next 6 months brings and lets see if in fact that they are cash flow positive by April 2008 which is only 6 weeks away, i think your being way to optomistic about cash flow positive in april.

    Will be waiting and watching, i still think that MON will head lower before higher, shareholders have been burnt so far, MKs reputation is riding on this one
 
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