MON 0.00% 29.5¢ monarch gold mining company limited

I can't add anymore than I have added the past week or two. If...

  1. 2,213 Posts.
    I can't add anymore than I have added the past week or two. If people wanna sell in the short term because of a few hiccups then that's their business, but the bottom line is that MON have 5moz of Au.
    Au is rising and rising rapidly and could be selling for 1300-1500AUD in a few months.
    Sometime in 2009 MON will be producing 275Koz with a current profit margin of $400/oz(and likely to increase given the AUD Au price) they'll realise $110m EBIT.

    Given they have high than usual cash costs but I reaal can't see Au dropping back to $650 break even and in fact I see it accelerating to the upside.
    Even taking into account future dilution the above is nothing to sneeze at.

    If you people can't see the potential for explosive growth because of some shorter term issue that's your problem, but I buy stocks when the market has poo pooed them whatever reason.

    The bottom line is MON mine Au, Au is going up in price and they are about to start turning a profit.

    Cheers and do what you gotta do
    PS I agree with MK when he said short term clods
 
watchlist Created with Sketch. Add MON (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.