MON 0.00% 29.5¢ monarch gold mining company limited

You'll hold the same number of shares in Swan Gold Mining as you...

  1. 4,695 Posts.
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    You'll hold the same number of shares in Swan Gold Mining as you held in MON. The price is set around 5 cents per share, but with the price of gold at US$1150/oz it may very well add some interest as MT Ida is a very rich gold mine.
    IF, and I say IF the management can keep costs down and production is OK to good , then you may see a substantial rise in the shareprice once financial results are announced each quarter.
    If the gold price hangs around US$1,150/oz it may very well be the golden Swan.
    It will take a very open mind to make the correct decision.
    With all the negative comments about MK, it does make it hard to make an intelligent decision, but I wouldn't place much credence in those who just because they lost money previously are unable to make an informed investment decision today.
    I'll give it 12 months and see what eventuates, it might be better than panic selling the first week.

 
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Currently unlisted public company.

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