MON 0.00% 29.5¢ monarch gold mining company limited

mon propoganda press, page-24

  1. 2,213 Posts.
    Finally we get some logical reasoning on this board!

    My previous post was removed due to the use of an expletive word, however my opinion today as was last week and as has been expressed the last few days.
    MON is the victim of a TOTALLY irrational market....period!

    Bottom line, Mt Ida is coming through and Davyhurst problems are sorted. Mid year statements will reflect the turnaround and Thursday was a unique opportunity to take a position in a gold producer that is on track to be a mid-tier producer by 2010 in an environment that will see gold trading at +$1500 p/oz.

    Do the maths, 275K @ $800 p/oz(minimum) profit = 220mil/300mil fully dilluted = .73cps.

    And the above is assuming that the stock will be dilluted by a further 50% to cover Mt Magnet and does not take into account extra production that could possibly be as high as 450-500K.

    BELIEVE ME,THE MARKET WILL BE ALL OVER THIS STOCK IN A FEW MONTHS!
 
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