MON 0.00% 29.5¢ monarch gold mining company limited

ijh, page-18

  1. 2,019 Posts.
    Woteva

    To have an average of 46.5c you must have bought everything when it dropped to 43c the other week, i hope that MON does get its act together for you and all shareholders, just looking at their financials and production you cant argue that things dont look goo for the short term(3 to 6 months) you could almost be certain that MON holders will again have a chance to average down.

    With that said i dont understand why people would invest in something that is going to be flat or lower for the next 6 months, the reason why i sold late last year at 28c pre reconstruction, 84c in todays world, if i had stuck with MON like yourself i would have taken a nearly 50% loss with potentially much more down side, each to their own, i will consider buying MON in about 6 to 8 months if they can deliver some production and slash their operating costs, but clearly MK keeps on missing the target by a long shot, if the company keeps on the coarse its on, MON will be 30c, if MON can get production up MON will be going back to 60c.

    Im betting on 30c before 60c, if they dont stop the bleeding.

    I also would be seething like you are obviously are holding MON with continued failures, plenty of other oppotunitys in the world that will do much better over the next 6 months
 
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