MON 0.00% 29.5¢ monarch gold mining company limited

in todays finreview$25 million book build to fund the groups...

  1. 17,783 Posts.
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    in todays finreview

    $25 million book build to fund the groups acquisition of Hill50.

    TSX listing put on hold for 3 months

    $25million will be burnt within 4 months, based on the last two quarter efforts.

    Will be interested to see what price discount will attract $25 million

    My guess 51 to 53 cents.

    MK f**ked up in buying Harmony's assets when he cant extract value from current assets.

    MK is truly a huge disappointment, behaving like a cowboy than a shrewd business man.

    Good luck with raising that money at a minimal discount in the current environment.

    fortunately i don't have a lot shares, so i will hold, just annoyed that i have to remain involved in this sorry saga.
 
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