Monarch Mining Corp GBARF

Monarch Mining “Slows Down” Operations At Beaufor Mine Due T

[AwareInvestor]

Monarch Mining is evidently having operational and cash problems. The firm last night revealed it will “slow down mining operations” at the Beaufor Mine, which is largely a result of poor performance at the Beacon Mill.

https://thedeepdive.ca/monarch-mining-slows-down-operations-at-beaufor-mine-due-to-milling-issues/

[Justing]

Yeah so the renovation costs waaaay more than they expected and it looks like it's not working so they probably are going to be fighting with the mill for years. Butnthebworst part is Jean was talking jibberish about covid being to blame which is a sure sign he's out of answers. We r screwed

[flashcash]

Sounds like another pure gold....

[geosan0]

Thanks flashcash for that post because I was not familiar with the pure gold story so spent the last hr catching up.  Sure sounds like the same story about to repeat itself here.  The only silver lining I saw between the 2 stories is the valuation.  Pure Gold has a market cap of $80m with a reported cash balance of $12.7m and long term dabt of $106.1m.  By my math, this is

[Justing]

Guess I'll have to sell my gtr. That's what I'm gonna do. Jean you jackass. You own a lemon mill!!!