Never owned MON but I am a keen reader hence follow a large number of stocks.
Following on from a previous poster I have no malice in my writing here but if you step back, remove your anger and really try to see the wood from the trees I think you will realise that in a commodities boom an awful lot of rubbish floats to the surface, largely these represent miners run by ex investment bank type people or second grade miners.
By the sounds of it MON is about to join VRE...you cannot borrow large amounts of money from technically related companies and not disclose it...even if you do it tells you one thing; you are in trouble.
MON is in the same bag as VRE and all those other recent goldies to go bust. Away from gold it smells like FXR...very similar.
MON is a dog and a half. When looking at commodity stocks there is only one thing you look at...MANAGEMENT. Forget the resource, projects etc...good management is the key.
Looking at another stock for comparison, re management and I'm not spruiking MUN as I believe it is 'fair value', but look at it's management....BHP would be happy with their board of Directors!!!!
Before investing try to work out why the senior people are there, give them a call, go and meet them etc.
I just re read this and it sounds like I hate MON....but I don't I just don't like to see anyone lose money and I think holders are about to see their company disappear. This goldie has let you down. Inconsistent reporting, terrible pie in the sky spruiking etc.
Get into some decent mining stocks....the trend should become your friend shortly.
I hold the following; CAS,MUN,DML,AVO,PRU. Key common trait is superb management.
Good luck...and by the way i'm not in any way saying you should buy the above stocks...but just relate their management / Directors to MON and similar and you will see a difference.
MON Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held