1) The possibility that production costs are way higher than revenue, rampup is going poorly, bleeding the company of the cash injection which arived in October 07 and that the hoped for kick from buying more ground/ounces/old mills (Hill 50) has not come yet but people know they will be passing the hat around for the umpteenth time in the last year or so.
or
2) The retail and institutional investors have all got it wrong, this company is a steal.
Fortune favours the bold they say. If I knew there was no more raisings coming I would be in there at this price. Its just I don't know what discount may have to be offered to raise the funds required to meet the lofty targets expoused.
MON Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
