Maybe the takeover of MON is the smartest move. Then it will be of no concern to the market in months to come. Mt Ida is cash positive and there would be no more drain from Davyhurst. TTY can carry this baggage easily with a simple script offer and could clean up the problem in one swoop. While it would dilute current TTY holders, it would be minimal as TTY already holds 20% and the script offer could be at a discount for MON holders as they would benefit in the upside of TTY. What TTY shareholders don't want is loaning more money to MON and propping up the shareprice. Just take it over and be done with it. End of story.
MON Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
