TSX was the solution when the ASX was bled dry (without offering massive discounts). The TSX is no longer the solution.
Mt Magnet (Hill50) was bought at the wrong time for the wrong price. Bad judgement, but that does not change the story at Davyhurst.
I note View resources (VRE) just went into trading halt/suspnsion today after a cleansing statement the day before. Look at that sorry story for a WA gold producer opening up old assets even at A$1,000 per oz Au. Gold production in itself is not the messiah. A few pins maybe falling over and MON should have crawled before it walked.
Taking $7m from IRL should be sen as an act of desperation, not empire building.
Get out with what you can. I have.
MON Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
