MON 0.00% 29.5¢ monarch gold mining company limited

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  1. 15,774 Posts.
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    ladies and Gents warning - the follwing is simply my opinion

    This stock is struggling. My advice to all -sell and preserve capital. Alot of gold stocks will be re rated with the increasing gold price. This one is relying on an all time high gold price to be profitable. what happens if the gold price dropped - GOOD night. To be projecting cash flow positive (which does not equal profitabiility) at 700$ is a joke. Its like an oil company that makes money at 80$ a barrel - would you keep it?

    use your funds to buy a better gold company if you want to make some money

    not down ramping - I have NO intention to ever buy this one.
 
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Currently unlisted public company.

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