I certainly find it interesting that:IRL raises money through a...

I certainly find it interesting that:

IRL raises money through a placemnt. IRL lends MON money. TTY raises money through a placement. TTY buys MON on the market. MON issues shares to TTY through a placement. MON pays IRL back. WTF?!

How will they raise money for Mt Magnet? I just read the presentation that Hain posted the link for. How will they pay for their planned exploration?

Given their target cash costs, they have to re-raise capital. Until they can prove production/costs this capital will be raised at a discount.

As I have said before, I wouldn't consider MON until they prove production/costs and have raised additional capital.