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Bullboard - Stock Discussion Forum Monarch Mining Corp GBARF

Monarch Mining Corporation is a Canada-based is a gold mining company. The Company owns three projects, such as the Beaufor, McKenzie Break, and Swanson projects. It holds a 100% interest in the Beaufor Mine, which is on care and maintenance. The property consists of two mining leases, a mining concession and approximately 23 mining claims covering an area of 5.9 square kilometers (km2). The... see more

OTCPK:GBARF - Post Discussion

Monarch Mining Corp > Taking forever
View:
Post by locomoco on Jan 27, 2021 12:17pm

Taking forever

Has anyone got their transfer of MQR to GBAR completed yet? I am with Questrade and still waiting. Says may take 1 to 10 days.
Comment by greendayyyy on Jan 27, 2021 12:43pm
Talking with TD this morning. The counsellor told me that it would have to wait until next week. I think it's YRI that is the problem with the money transfer.
Comment by locomoco on Jan 27, 2021 2:09pm
Thanks greendayyy,  I called Questrade but was told a 2 hour wait to speak to customer support. I hope Monarch Mining waits until the transfer is done to release news. I plan on taking that cash from Yamana to buy more GBAR.
Comment by greendayyyy on Jan 27, 2021 4:26pm
My transfers were executed at the end of the day with TD. For 42,000 shares of MQR I got 1504 shares of YRI at a price of $6.21 and $7,680 in cash. I got 8000 shares of GBAR at a price of .71. Gives an average of .57 for my 42,000 shares of MQR. Less than the .63 announced.  
Comment by locomoco on Jan 27, 2021 6:31pm
Greendayyy, aren't you supposed to get 0.20 shares of GBAR for every share of MQR? So you should get 8,400 GBAR.
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