MON 0.00% 29.5¢ monarch gold mining company limited

tty major holder, page-32

  1. 212 Posts.
    I hope the bulls are right... I just can't see MONs surviving..
    > How are they going to buy Mt Magnet? The reason for 3:1 consolidation was so the SP would be round $1 for the TSX listing.
    > Without Mt Magnet and selling Minjar they will only have 1.9M ounce Gold resources.
    > Production still burning heaps of money... In June 07 forecast to be cash positive end 07. In Dec, forecast to be cash positive in Feb 08, now forecast is April. Next month they'll forecast June.. All the time burning the cash.
    > In Dec forecast cash costs was $596 in March 08, now around $700 by Dec 08.
    > They aren't exploring anymore, no money left to do this.

    Anyway, these are my concerns at present..... Surely other people on here have got to be worried about the same things????

 
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