Monarch Mining Corp GBARF

Monarque/Monarch/GBAR

[arh0070]

I was invested for years in Monarques without making much money .Gradually the management team built up a good portfolio .This resulted finally in the takeover of some of the assets by Yamana making me money in MQR .Only got a few GBAR shares in the transaction plus Canadian cash and Yamana shares .The same management team is in place with GBAR ,now there are way fewer shares out ,lots of potentially good assets and cash to play with .Quebec is a great jurisdiction for miners so provided the gold bull continues and the POG stays high I am extremely optimistic about GBAR ,hence switching the cash and selling the Yamana shares to plow back into GBAR .Yamana is a decent company and I own their high yielding bonds in a tax free account but prefer to speculate in after tax account with well run small miners .Feel pretty optimistic about GBAR and all their assets .

[locomoco]

Monarch management has proven they can create lots of value for shareholders with the selling of assets like Fayolle and recent Wasamac and acquisition of Beaufor Mine and Beacon Mill in the past. Now, Monarch Mining is poised to restart Beaufor Mine this year and capitalize on the higher gold prices. The company owns it own mill, Beacon Mill which can easily process 20K ounces of gold annually