TTY 0.00% 49.5¢ territory resources limited

re:territory resources ltd

  1. 534 Posts.
    I was somewhat surprized with todays announcement that MK has bought into Monarch, why, because he stated that Territory and Monarch would be run separately. When you say one thing and do another your credibility goes out the window.

    Buying into Windimurra i think is a positive for the company
    and its share price has been going up steadily, but Monarch over the past six months has dropped from $1.00 to 43 cents
    so i have some reservations, and to be fare i have yet to do research on Monarch.

    Territory stand alone has a long way to go, its best years are yet to come, cash positive every month but its share price has been languishing, with the market starting to correct itself its share price should be over the $2.00 mark, but if MK keeps diluting its going to struggle.
 
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