Monarch Mining Corp GBARF

Could somebody...

[audigger13321]

explain to me why  this company, having about $ 20 million cash, would
float another 6,250,000 units at this stage of the game???
And, what:"used for general and corporate working capital purposes"
means, if not used for the costs of opening the Beaufor Mine??
I am getting slightly anxious about my investment here.
Audi.

[loonietunes]

Upsized the original placement as a jr. take the money while you can. Suprise Sprott has more money hardly any shares O/S, only down a penny not a bad day?   Monarch Mining increases financing to $6-million   2021-06-07 18:53 ET - News Release   Mr. Jean-Marc Lacoste reports MONARCH MINING CORPORATION ANNOUNCES UPSIZED BOUGHT DEAL PRIVATE PLACEMENT OF UNITS TO C$6

[locomoco]

Most likely towards restarting Beaufor. Same thing happened with my other investment, TGM where they did a private placement. I think people are rushing to get into junior gold miners because they feel gold is about to sky rocket.

[paydirtontario]

Plenty of upside here. ( Patience ) Sprotts a deal maker and the company already has an ongoing relationship with Eric so this is no surprise coming.