Monarch has been under financial pressure since suspending operations at its Davyhurst mine two weeks ago, and is trying to finalize a deal to buy the Mount Magnet project in Western Australia from South Africa's Harmony Gold.
They could get nothings out of Mt.Ida and Davyhurst, everything was only speculative and nothings proven, - But had to buy Mt. Magnet !!!!!!!
No smart decisions from the corporate point of view.
Big question is, who were the main beneficiaries from the restructuring and insider trading should be investigatet.
Was M.K. sharepurchases only a bluff ?
Monarch has been under financial pressure since suspending...
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