Interesting that MON Could not get the full placement away yet....

Interesting that MON Could not get the full placement away yet. They wanted $12.5-$25m and got only $10m. TTY stumped up some of the cash they had just raised for exploration to buy 5.75m shares in this placement.

If they had not stumpted up the cash MON would have only raised 7.125m.

The buying on market in MON by TTY was conducted 2 days prior to the placement and then in the weeks following the placement.

Those who think that there is no conflict are kidding themselves.

Investors do not take placements in one company, for that company to invest the money straight into a brother or sister company, with some of the same directors, chairman and major shareholders. It looks especially bad when the company has been in a long trading halt trying to raise money and on raises (outside of help from TTY) 60% OF THE MINUMUM THEY WANTED.

If they wanted a takeover, why would they not take a larger stregic stake through the placement to help them fund development.

This is absolutely disgusting.