Its a matter of public record that TTY have bought approx 40...

Its a matter of public record that TTY have bought approx 40 million shares in MON in the approx three months between early Feb and early May, including taking the lions share of the recent 45c placement (when it was poorly supported by other shareholders, presumably because the mkt price was below 45c). At the end of March, MON also appeared to have borrowings of around $26 million, which appear to have come from TTY and IRL (see their March appendix 5Bs). So its fair to say I think that MK-related companies have been financially backing MON over recent months. The next couple of months will be interesting - I do hope that MON get thinks back on track operationally, and that that company can start to stand on its on two feet. It would be interesting to know what security MON put up for the loans from IRL / TTY, and what other conditions attached to the loans. If I were a TTY or IRL shareholder, I'd be asking these questions of management.

Happy to be corrected if any of the above is inaccurate.

angus