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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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Comment by locomocoon Nov 03, 2020 12:11pm

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

Add to the fact that Spinco will own 1.3 percent or Yamana which is approximately $90M which is huge upside value along with $14M in cash, Beaufor mine restart to produce 25K ounces of gold per year ...more  
Comment by Timster61on Nov 03, 2020 10:30am

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

Locomoco, those were my thoughts exactly! Just like Monarch in entirety I don't think there could be a better gold investment - Spinco could be a 20X - especially if gold appreciates to the 2200 ...more  
Comment by locomocoon Nov 03, 2020 9:48am

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

Spinco (new Monarch) with Beaufor, Mckenzie, Swanson and Croinor, low float and market cap of around $50M is poised to appreciate quickly. With the selling of Wasamac and Camflo to Yamana, the new ...more  
Comment by VENManon Nov 02, 2020 1:56pm

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

I bought more today because this is either going to close near full value 63 cents or another better offer could be in the works. All IMO! GLTA! always DYODD! 
Comment by greendayyyyon Nov 02, 2020 1:46pm

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

At the moment I am not selling any shares. I am sure to sell later at .63 and maybe more. I knew a lot of people would sell off below .63 today.
Comment by locomocoon Nov 02, 2020 12:30pm

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

Thanks Timster. I am definitely waiting until January when the deal closes to see where Spinco will be at. I will likely keep some shares and sell some to get into PGM.V and AUG.TO.
Comment by Timster61on Nov 02, 2020 12:22pm

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

I'll take a look but I assume we see some solid drill results from Beaufor and McKenzie break as I don't think management would've done this without a solid plan for the other assets. I ...more  
Comment by Timster61on Nov 02, 2020 12:02pm

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

Locomoco, although there is some work to be done to get Spinco into a new shell or IPO I think that is the real value here. The MKT Cap at 50MM with 14MM in cash with some properties Already permitted ...more  
Comment by Wantonfueyon Nov 02, 2020 11:46am

RE:Drill Results!!!

...patience.  this is the first offer, a floor price if you will.  IMO there is little chance the area players fail to make Yamana up their bid.  They are playing a big game of poker in ...more  
Comment by locomocoon Nov 02, 2020 11:32am

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

So whatever is left of Monarch moving forward after the acquisition closes in January is the spinoff company? I think there is still huge upside for Croinor, Beaufor and Mckenzie, especially Croinor ...more  
Comment by bingostaron Nov 02, 2020 10:47am

RE:Monarch Gold Announces Friendly Acquisition Agreement With Y

Its  an excellent transaction , i always believe that wasamac was to be sold if you read my past post. The good think is you avoid diluting the shares by the heavy capex needed by Wasamac and ...more  
Comment by AuriferousDudeon Nov 02, 2020 10:45am

RE:Drill Results!!!

I know - also a little disappointed here - but lets take our winnings and park the money on the next takeovers - Amex and Tomagold are looking good in QC.
Post by tjd28on Nov 02, 2020 10:41am

Drill Results!!!

Where are the drill results and why are we gettin such a low ball offer?
Comment by Heartstockon Nov 02, 2020 9:33am

RE:Monarch Gold Announces Friendly Acquisition Agreement With Y

Black Tusk Resources $TUSK is 1 kilometre away from Monarch $MQR and is trading at 5 cents... $TUSK could be the next stock to go!!!!