MON 0.00% 29.5¢ monarch gold mining company limited

They have four about months to complete the Mt Magnet purchase,...

  1. 2,218 Posts.
    They have four about months to complete the Mt Magnet purchase, which obviously includes raising the $35 million. I guess Davyhurst will generate some reasonable cash from mid year, but it's a bit unclear how much. I think MON has a challenging time ahead. They will need no hiccups for Davyhurst, a recovery in mkt general sentiment, and an ability to convince Canadian / US investors that Mt Magnet is the goods.

    Good luck!

    angus
 
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