MON 0.00% 29.5¢ monarch gold mining company limited

Hi Goldensnapper,The reason that MON had to keep mining Walhalla...

  1. 706 Posts.
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    Hi Goldensnapper,

    The reason that MON had to keep mining Walhalla was that MON needed to keep the processing plant and personel going as there was no another mining option.

    If mining at Walhalla stopped, then MON would have to close processing plant down and sack the workers, and payouts. So when MON would then be ready in future with new mine, MON will have to re-employ everyone again, IF THEY ARE AVAILABLE AND WILLING, and at higer costs.

    Seems logical to me.

    But also, MK has large stake in MON, IRL, TTY & MAL and would make every effort to make sure he does NOT FAIL. TTY is helping MON otherwise it would have been GONE. TTY is also taking over OLY which will NOT have been around if TTY did not support it. I think MK has plans, big plans.

    I think MON will be sucessful in future after afew teething problems.


    PS I hold MON/TTY


 
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