MON 0.00% 29.5¢ monarch gold mining company limited

Golden- That's the problem I'm having, seeing MONs cash positive...

  1. 212 Posts.
    Golden- That's the problem I'm having, seeing MONs cash positive in April... Over the last 12 months I've seen ALL promises and predictions not met. The "cash positive" prediction also excludes exploration and administration costs. So even if they are "production" cash flow positive, they will still be burning the cash on the balance sheet. With the share price at current levels they can't raise anymore cash either- I really can't see how MONs are going to survive..

 
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Currently unlisted public company.

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