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Bullboard - Stock Discussion Forum Monarch Gold Corporation T.MQR

Monarch Gold Corp is a Canada-based exploration-stage company. It is engaged in the acquisition and exploration of gold mining properties. Its main activities are located in the province of Quebec, Canada. The corporation holds an interest in gold properties including the Beaufor Mine, Camflo Mill, Croinor Property, Beacon Mill, Wasamac, and McKenzie Break among others.

Bullboard (TSX:MQR)

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Post by martinpqon Nov 10, 2020 9:23am

Spinco is actual a bargain

People on the Bid is actually getting the Spinco at a really cheap price. Beacon Mill Beaufor Croinor McKenzie This company is going to have a solid balance sheet.
Comment by Timster61on Nov 06, 2020 12:51pm

RE:RE:RE:Not a Deal until closed

Agreed! Spinco could be a 5 Bagger next year but if Croinor or McKenzie Break results come back with more potential there is a lot of room to go higher
Comment by locomocoon Nov 06, 2020 12:01pm

RE:RE:Not a Deal until closed

I have the same thinking. Spinco can easily double when they announce re-opening of Beaufor Mine next year. Will send the Spinco share price rocketing. Can see at least 5X by next summer.
Comment by Timster61on Nov 06, 2020 9:53am

RE:Not a Deal until closed

And more importantly, Spinco becomes worth much more as Gold price increases - we are now valuing it at 50MM including the 14MM in cash which only values the properties and mill at 36MM - that is ...more  
Post by Timster61on Nov 06, 2020 8:39am

Not a Deal until closed

The deal has a relatively small break fee of 8MM, so if gold continues to run and Agnico or Eldorado or Alamos, or Iamgold, etc.. want to make a better offer it is not onerous
Post by loonietuneson Nov 05, 2020 7:14pm

Northern miner out today

Yamana to acquire Monarch Gold in $152M deal Monarch Gold’s past-producing Wasamac gold project in Quebec, as seen in 1984. Credit: Monarques Gold. BY: CECILIA JAMASMIE, SPECIAL TO THE ...more  
Comment by Wantonfueyon Nov 05, 2020 3:03pm

RE:Catching a Bid!

could be above deal price soon 
Post by Timster61on Nov 05, 2020 2:50pm

Catching a Bid!

Looks like someone else may be interested in MQR. Perhaps Alamos, or Agnico - someone else invested or already in the area which are many. Could even be Iamgold that bought Fayolle
Comment by greendayyyyon Nov 05, 2020 2:43pm

RE:RE:RE:Worst deal of the bad ones.

I also hope that other big players show up.
Comment by Timster61on Nov 05, 2020 1:41pm

RE:RE:Worst deal of the bad ones.

Let's hope we get another offer - I still think the biggest value is in the Spinco - 4 great properties, with some permitted and 14MM in cash with an operating mill. That could be a 20 Bagger if ...more  
Comment by Wantonfueyon Nov 05, 2020 1:12pm

RE:Worst deal of the bad ones.

Yamana used the buy low strategy--absurdly underpriced now.  I wonder is another offer is coming?
Comment by Timster61on Nov 05, 2020 12:58pm

RE:RE:Worst deal of the bad ones.

I think MQR will start to move as gold goes higher and Yamana moves higher. Although it won't move as well as some other stocks the intrinsic value of the Spinco continues to increase as do the ...more  
Comment by greendayyyyon Nov 05, 2020 11:56am

RE:Worst deal of the bad ones.

Disappointment, disappointment, disappointment. A big rise of .01 with gold up $ 40. Blocked at this price for several weeks.
Comment by Timster61on Nov 03, 2020 4:51pm

RE:RE:RE:RE:RE:RE:RE:Monarch Gold Announces Friendly Acquisition Agreement With Y

Locomoco, the 1.3 percent actually goes to Monarch shareholders along with the .19 in cash per Monarch Share - Spinco is separate - you will receive cash of .19 along with .28 worth of Yamana Shares ...more  
Comment by sledigon Nov 03, 2020 1:16pm

RE:RE:RE:RE:RE:RE:RE:Monarch Gold Announces Friendly Acquisition Agreement With Y

My sediments exactly. I'm adding down here as well as last week