MON 0.00% 29.5¢ monarch gold mining company limited

WoteverLast year when i bought, MK was mouthing of about 10,000...

  1. 2,019 Posts.
    Wotever

    Last year when i bought, MK was mouthing of about 10,000 OZ's by January, i bought at 28c pre Reconstruction, then the september quaterly came out and it was an absolute disaster, then the talk of share reconstruction came out, as soon as i heard this i sold as these moves usually dont do shareholders well at all, well it turns out to be the case with MON, January rolls around and still bugger all production as the Wallhalla pit turnes out to be a crock, WTF is all i could say, i mean what sort of excuse is that, as far as im concerned MK is just a mouth peice and has lost all credit if any that he had, the MON results to date have been nothing short of crap and im lucky i got out, current shareholders have ever rite to be annoyed with this company as they have just not delivered what was promised, thats why the company is raising capital, diluting share holders wealth and has production costs that are just out of control, why dosnt MK state how much it actually costs to produce 1 OZ of gold from Davyhurst?? Because if he did he wouldnt have 1 shareholder left and the SP would be 10c.

    MON is just a complete joke, $700 cash costs by December 2008, that is just the most pathetic performence by any producer, what would happen if gold were to return to $700 per OZ which i beleive is unlikely??? More cap raisings, i could keep going on about how pathetic MK and write a book.

    MK is the biggest joke in the mining industry
 
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Currently unlisted public company.

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