MON - Monarch Gold Mining

[porkpie324]

To me MON are in a downtrend, the increase in volume early November did not change the direction either, but having said that I like this companies agressive growth intentions, they hope to be producing 500k oz of gold by 2009, with MK at the helm I think MON has potential, infact I placed an order last Friday at .67c. There is now I think 138 mil shares on issue. porkpie

 

[2BAD4U]

..me too having bought MON at 25 cents is sitting on them to get high...

Miner, why did you buy into MON when you are sceptical / negative about them? (not picking on you just curious as to your reasons).

..the moth ball story of a recent acquisition of a running plant does not sound convincing...

It does to me when you consider the facts that they are concentrating on exploration, there are massive labour issues over here in WA, especially the mining industry and the upcoming listing on the TSX (ie, use the capital to invest in production when they start up).

To me MON are in a downtrend, the increase in volume early November did not change the direction either, but having said that I like this companies agressive growth intentions, they hope to be producing 500k oz of gold by 2009, with MK at the helm I think MON has potential, infact I placed an order last Friday at .67c. There is now I think 138 mil shares on issue. porkpie

I would agree with you porkpie on the downtrend which is why I would like to see some volume on these prices of recent. It's the 500k in 2009 I am waiting for and then we should see some action hopefully.

 

[Lucky_Country]

500,000 by the end of 2009 hopefully we should see some very good price action between now and then.
Hoping the first 6 months of this year should see record gold prices increase profitable production great exploration results etc etc etc

 

[Miner]

Miner, why did you buy into MON when you are sceptical / negative about them? (not picking on you just curious as to your reasons).


It does to me when you consider the facts that they are concentrating on exploration, there are massive labour issues over here in WA, especially the mining industry and the upcoming listing on the TSX (ie, use the capital to invest in production when they start up).


I would agree with you porkpie on the downtrend which is why I would like to see some volume on these prices of recent. It's the 500k in 2009 I am waiting for and then we should see some action hopefully.

Dear 2BAD4U

I bought MON being carried away after reading in Insider Report newsletter showing MK kept on buying heavy lots at 24 to 25 cents of MON. I thought he knows his company well and therefore would not waste his money. But I was wrong because some times smart players loose to win. But I am not smart player. I made similar error in IRL at the same time. I am realising just becoming a director or promoter does not mean one will be smart in all respect. After all they are to win their money back and not interested how I become richer.
Thanks for asking blunt question . I appreciate that because there is a logic behind that question.

Regards

 

[Boyou]

Hi all Monarch hopefuls!
I don't have any "news" on Mon..just some musings (scuse me while I think out loud)
Am puzzled that a producer of Gold ,as opposed to an explorer should be going backwards ,as it has been the last few days...if logic has anything to do with it(does it?) ,in this rising gold environment I was expecting Mon to,at least, be holding the line.
I have read some articles lately and one suggests that gold stocks and gold price might be undergoing a de-coupling

The latest news from Monarch is up now (Nuggety News) and while it doesn't tell us much more than we already knew ..Mt Magnet /Hill50 mine under care and maintenance and Mon moving along with production ..I can see no reason for negativity here.

Any of you sage mining types have any clues to throw in the pot?

Cheers

 

[porkpie324]

MON has just had a share issue consolidation, at a 3-1 ratio, now ussually when this happens there's pressure to the downside on the share price. porkpie

 

[Boyou]

Thanks porkpie, I suppose that explains it then.Although I am not sure why it should be so...but then I am learning...

Perversely,Monarch was about the only stock in my portfolio to rise today...definitely a red day for me! I'm going to drown my sorrows in a bucket of shiraz..

 

[porkpie324]

There is also the TSX listing to question, MON wants to raise funds in Canada to further exploration, whats not said is how this is to be done, if more shares are issued that will futher pressure the share price, thats why I did'nt back up the truck on my initial share purchase.porkpie

 

[Miner]

There is also the TSX listing to question, MON wants to raise funds in Canada to further exploration, whats not said is how this is to be done, if more shares are issued that will futher pressure the share price, thats why I did'nt back up the truck on my initial share purchase.porkpie

Common factor between MON and IRL- both are chaired by the same person . Both are having exciting projects. Both the metals copper and gold are roaring in the market. Both are heavily owned by Crawley Investment. Both sharess are sliding in the market.
Is there some thing that they are not following the trend of Territory Iron ?
Who knows?

Regards

 

[So_Cynical]

There seems to be some differences with the producers and POG movements, some move
and some dont...ive got them all on a watchlist.

MON is bunched in with alot of the small/new producers that also don't move much with POG.....TAM, VRE, RMS.

Theres only really 4 producers that *roughly* move with POG.

LGL, TRY, NEM, RSG

 

[Lucky_Country]

MON about too head into the realm of profitability.
10,000oz per month costs of producing coming down too around $450 per oz
Gold now $900 US this all equates into some serious profit all of which will be spent on increasing production at its various hubs and increasing jorc resources.
Great fundamentals just taken a bit longer than all would have hoped.

 

[2BAD4U]

Further to your post Lucky_Country, I got my "Nuggetty News" newsletter and read some good things in it. For those who didn't:

- aiming for a 50% increase in production at Davyhurst over the next 3 months.
- expect to reach target of 10000 oz per month in the 1st QTR.
- high grade gold ore width double than expected.
- another 4 faces at Mt Ida project increasing production by 20% in early '08.

From a T/A point of veiw I like how the decline was reversed with 2 gaps up over the last 2 days. Let's hope we get some volume as we approach the 75c mark.

 

[Lucky_Country]

Further to your post Lucky_Country, I got my "Nuggetty News" newsletter and read some good things in it. For those who didn't:

- aiming for a 50% increase in production at Davyhurst over the next 3 months.
- expect to reach target of 10000 oz per month in the 1st QTR.
- high grade gold ore width double than expected.
- another 4 faces at Mt Ida project increasing production by 20% in early '08.

From a T/A point of veiw I like how the decline was reversed with 2 gaps up over the last 2 days. Let's hope we get some volume as we approach the 75c mark.

Some very good points there seems like MON has turned the corner I always thought they would come good just taken a bit longer than what we would all like.
Looking forward to seeing gold breach $1000 us oz and MON in full production from davyhurst.
Also keenly waiting on some exploration results another cople of million ounses would be nice

 

[Lucky_Country]

Gold on a march too $1000 us oz MON will get the recognition it deserves.
Davyhurst seems too be in full swing an producing well.
Mt Ida lode bearing structure twice the size of the anticipated lode.
Alls good just need too get production costs down but that wont be long now and hopefully see the sp reflect the ambition of this company and its assets.

 

[Boyou]

Good news out today .
Update on the Riverina project..seems to be driving the SP forward..that and POG hitting new highs. Up 7 as I write this. An excerpt.

Monarch Gold Mining Company (ASX / DIFX:MON) is pleased to announce further positive
drilling results at its high grade Riverina deposit. With approvals received this month, the project
is nearing production.
Monarch Managing Director Matthew Gill said recent drilling has confirmed the high grade
resource at Riverina, and highlighted the potential for extensions outside of the current pit plan.
“Riverina is really shaping up, and these further positive drilling results auger well for the
Company as it moves to ramp up ac tivity at the project and capitalise on the strong gold prices,”
Mr Gill said.
Riverina currently has an indicated and inferred resource of 1.64 million tonnes @ 3.8g/t Au
for 200,000 ounces. Monarch has committed $11 million this financial year for its exploration
programme to increase resources and extend mine life across its Goldfields tenements.

 

[2BAD4U]

Interesting moves on MON today. We had 25% of the volume traded in the first half hour pushing the price up 3.5c to 70c then in the last half hour we had 20% of the days volume traded pushing the price up another 3c from 72c - 75c. Tomorrow will be an interesting day to see if this move has momentum to break out.

 

[Lucky_Country]

The stars are aligning are we seeing a hint of blue sky?
All is falling inplace for MON after a frustrating period but I feel in 3 or 4 months this baby will be flying if not before.

 

[jman2007]

Hi MON holders,

Kennas and myself currently discussing MON under the "Gold Stocks Information and Comparison" thread under "ASX Stock Chat" (Sorry should have posted a link for it).

Feel free to contribute to the discussion, on what appears to be somewhat of an enigma company....

Cheers
jman

 

[grace]

Could someone have a look at monarch today? What happened. I can see that it tanked, but why? Will the qrtly be bad and someone offloaded beforehand? Would appreciate your comments......

 

[porkpie324]

Not sure what happened, but did the same last week,all on average volume more than likely just present market conditions, I don't think the quarterly is out yet. porkpie