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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

Comment by geosan0on Feb 29, 2020 10:13am
146 Views
Post# 30750767

RE: My question concerns the people running the shop

RE: My question concerns the people running the shop Hi bogfit,

I will only be addressing your comment on the sec.  Golden Goose Resources Inc. was sold to Prodigy Gold (can't recall the exact date) at a sizable profit to the shareholders of Golden Goose Resources Inc.  Prodigy Gold then resold itself a few years later to Argonaut Gold.  Again at a sizable profit to the Prodigy Gold shareholders.  I believe the final price was in the range of $500 million and the principal asset was the Magino property. 

So in summary, Golden Goose Resources was always compliant with its filings while it was a public company.

Hope this addresses some of your concerns regarding management.

PS  I'm in this stock because when I do a comparison of the metrics of the Magino project to the Wasamac project the latter compares favourably and I'm hoping for a return similar to that realized by Golden Goose Resources / Prodigy Gold.  Even a fraction of that magnitude would be really nice.

Regards
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