MON 0.00% 29.5¢ monarch gold mining company limited

stock pick of the week, page-28

  1. nsh
    812 Posts.
    angus, there is a very big difference between TTY investing in MON shares and paying MON's bills. I take your point on lending facilities that have been provided by other MK entities, but if one of your operations can get easy credit from another in times when banks are making it hell to provide credit and at a very large cost, then why the hell not? On the absolute contrary to your impression, I see TTY's investment into MON at that stage of the year as the biggest vote of confidence MON could get. If MK knew MON was in trouble, why on earth would he involve another one of his companies to spread that burden and potentially lose investor faith? Time will tell, but I believe he's invested for a very good reason.
 
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