The figures in the quarterly make ones eyes water ($1m left at end of Dec) and at the rate cash was dropped in the Dec qtr (including the $7m borrow from Peter) MON is in desperate need of another capital injection.
It cannot be a JORC upgrade, discovery, or release of great new results or anything else positive for the stock as MK bought 500,000 shares immediately before. He would not breach his duties and responsibilities as a director, risk insider trading in such a blatant manner to buy before releasing market sensitive infomration. He would be charged by the ASIC.
My bet is options may have to be ladled out this time along with a discount to VWAP to get it away.
MON Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
