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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.


TSX:MQR - Post by User

Post by factRbeston Nov 02, 2017 9:30am
98 Views
Post# 26893207

MQR needs to release detailed plans with regard to this

MQR needs to release detailed plans with regard to this purchase.

On the surface it appears that they just went off and bought something with no DD applied.

The line that they gave away 20% of the company and took on a 5 milion dollar liability so they could have a trained work force is a LOT weak!!!!!

Looking at the share price the market is now pricing this purchase as a liability.
Marc needs to explain the rationale in the company's decision.
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