The company was very ambitious in its future statements - eg building to it up to a 500,000 oz producer. However, the hard facts were in the various quarterly statements and 'revamping' production announcements to the ASX. It was clear that market support for capital raisings and loans where coming from TTY, a company which shared an obvious common link. Also, the fact that they were supposed to issue heaps of shares and notes for the Mt Magnet purchase in a bad market.
I once purchased MON shares on someone's else advice pre consolidation at about 26-27c, I held them for a week. Enough said.
angus
MON Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
