MON 0.00% 29.5¢ monarch gold mining company limited

As I see it there are two options with the assets.Option 1: Get...

  1. 29 Posts.
    As I see it there are two options with the assets.
    Option 1: Get the $10m back from Harmony, which leaves $20m in debts to cover, and sell what they can from the existing assets. That leaves nothing for shareholders after TTY and IRL are paid, and they can't sell Mt Magnet because they don't own it.
    Option 2: Complete the $35m payment owed to Harmony making the total MON debt $65m and then try and sell off bits and pieces of the increased asset package to cover the debts. Seems unlikely and even less chance of the long-suffering shareholders getting anything.
 
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