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Yes, Buckden I think whatever sellers there were are now gone on MONK
MONK - Traders' Highlights!
-When MONK breaks past a key resistance at $0.12, last Friday's 20% run could extend for continuous gains easily in the double digits.
-MONK has just 45 MM shares outstanding - a miniscule amount for a company trading so cheap at $0.11!
-MONK has a 52 week high of $1.28 which means this company has a history of providing investors with immense rallies - this one may be no different.
-MONK has experienced incredible growth in volume levels during the past 2 trading days. In fact Friday's volume growth above 10 day averages was more than 400%!
-MONK has added more than 260% to its 52 week low in just the past few months! Gains are not over folks, not by a long shot.
Still aiming for that $0.20. About Monarchy Resources, Inc. (MONK)
Monarchy Resources ("Monarchy") engages in a variety of investments in historically significant, mining claims and mining real estate world-wide with mineral reserves primarily consisting of precious metals. Monarchy Resources takes a minority, non-operated position in precious metal mining projects. We combine experienced management, low overhead and capital towards promising strategic acquisitions. We allow operators to remain focused on their operated interests and in return Monarchy receives revenue share of the profits from such participation. Monarchy's non-operated position continues to gain momentum as Monarchy partners with more operators and land professionals. Currently Monarchy holds a 45% interest in New World Metals, a Mexican mining company.
Bids getting thicker over 0.11 now
MONK
Yep, looks like whackers are all whacked out
MONK
Bid going UP / MONK seller's gone ?
Im with you Buckden a few more buys and up we go! WEEEE! as they say!
that's right / let see some news HIGHS
gO MONK (ieeees)
Really nice recovery from the gap/dip earlier imo
MONK
The accumulation is serious here great volume!
Key phrase is Historically Producing! They are safe by only going for the mines that have been proven to produce!
MONK
I like what I see here on MONK for sure and the link at the bottom http://finance.yahoo.com/news/monarchy-resources-publishes-letter-shareholders-140100169.html
The float was a part of what attracted me to MONK!
Important READ: MONK ~ Monarchy Resources Publishes Letter to Shareholders
Dear Fellow Shareholders, Business Partners and Friends:
First of all we want to thank you for your support and interest in our company over the past year. We are excited about what we have accomplished in 2013 and are even more excited to provide you with some of the milestones we hope to reach over the course of the coming year. We firmly believe that 2014 will bring a number of significant achievements for our company which will validate our choice to focus on developing our Mexican mining interests.
Monarchy Resources Inc. (MONK) invests in historically significant mining claims and mining interests with mineral reserves primarily consisting of precious metals. Through 2013, Monarchy Resources took increasing interest in producing gold and silver opportunities in Mexico. In 2013, the Company acquired an initial 45% interest in New World Metals, a Mexican-based mineral development, ore processing and refining company focusing on expanding its production of gold and silver in Chihuahua, Mexico. NWM has three operational mines currently producing approximately 90 tons per day.
Over the course of 2013, we accomplished the following:
-Acquired 45% interest in New World Metals
-Made deposit on a 100 ton per day ore processing mill
-Stockpiled over 8000 tons of ore at its three mine locations
-Pumped the La Luna Mine free of water and lowered shaft by 7 meters
-Made major repairs and upgrades to structure at Morelos Mine
-Lowered shaft by 8 meters and began production at the Peneto Mine
-Featured on MoneyTV with Donald Baillargeon
To us, however, this is just the start of what we want to accomplish in 2014. Some of our key milestones we wish to achieve are the following:
Complete Acquisition and Set-up of Ore Processing Mill and Begin Processing Ore
One of the Company's goals since acquiring an interest in our Mexican mining projects is to build our own processing facility. In 2013 we placed a deposit on a 100 ton per day processing facility.
The Company is looking at completing this acquisition and setting it up through 2014 to enable the company to begin processing its own ore.
Expand our Board of Directors
The Company recognizes a need to expand its board of directors, and is looking forward to expanding its board of directors through 2014. The Company is currently speaking with promising candidates and will be announcing these appointments as they occur.
Increase Production at Our Three Producing Mines
The Company is pleased with the amount of ore that it has stockpiled to date. The Company is seeking to increase its production over the course of the coming year so as to have an ample supply for when the Company is in a position to begin processing ore. We are currently producing at all three mines at a total combined rate of 90 tons per day. The Company believes we can significantly increase this rate of production in 2014.
Increase Communication with our Shareholders
The Company will continue to keep its shareholders up to date through its regulatory filings and press releases, as well as keep its website up to date at www.monarchyresourcesinc.com. The Company is considering hiring a third party corporate communications firm to keep its shareholders up to date. We will also host investor conference calls from time to time to keep shareholders updated.
Expansion of Advisory Board and Key Personnel
As the Company expands its focus and further develops its projects, we recognize the need to hire experts, advisors, and key personnel that will assist us in developing the Company from an operational standpoint as well as introducing the Company to key industry players and strategic partners. We have several potential candidates in mind, and are anxious to announce the appointment of these individuals.
Engagement of Investment Banking Firm
Since our Company's founding in 2010, Monarchy Resources has largely relied on "friends and family" to finance our growth, develop our products and services, and meet our working capital requirements. However, we believe to move our Company through its next critical phase of growth, development and commercialization, and to attempt to ensure we are positioned to support our research collaborations and market penetration strategies, another financing channel is needed. We will actively be soliciting investment banking firms to serve as our investment banker and financial advisor to assist us in attempting to raise new capital in 2014.
Concluding Remarks
By way of this letter, we have endeavored to share several of the many positive developments occurring at our Company. We urge you to read our recent filings as well as our 10-K which will be published this month for additional details on our key growth strategies and critical milestones achieved, thus far. The Company is optimistic about its future and very excited about our projects in Mexico.
In closing, I'd like to use this opportunity to express my sincere appreciation to all of my fellow shareholders for your commitment to Monarchy Resources' mission, and for your continued trust and confidence in our leadership. I'd like to wish you all a very happy and prosperous New Year!
Respectfully,
MONARCHY RESOURCES INC.
Jose Perez, President and Chief Executive Officer
Read Full: http://finance.yahoo.com/news/monarchy-resources-publishes-letter-shareholders-140100169.html
MONK looks like its shooting for .2 IMHO
Yes, and that alone will attract investors to MONK and good range on the days with upward momentum!
Jan 17, 2014, Monarchy Resources, Inc. (MONK) CEO Jose Perez appeared on MoneyTV with Donald Baillargeon to outline the company's acquisition strategy.
https://www.youtube.com/watch?v=EQ85HCxcB6k
$MONK La Luna Property http://monarchyresourcesinc.com/?page_id=17
lol / with past days move ...would be nice to get a continuation !!! a LONG BODY candle - !!
GO MONK
Volume and valuation have both exploded on MONK. MONK is a low floater of just 42M (and 45M O/S) should move up parabolic!
MONK up 6.55% great volume to looking great!
Those with private placement shares at 0.1 will not want this going any lower imo
MONK
Yep, looks like a strong bounce is due after this dip
MONK
Trading super thin here, I think we push back up to new highs here soon!
$MONK
Holding up here on the 60min chart linear regression trendline, could see a bounce from here again!
$MONK
Almost 500K volume now and very green
MONK
Yep! Very nice! Management likes to summarize what they have accomplished which is very good for shareholders to see
MONK
broke $0.125, now at $0.129 +14.16%, looking gooood
MONK
$MONK moving back up towards day highs here! L2 is thinning up and bid support is coming in!
Have you seen the company website here?
http://monarchyresourcesinc.com/
It's nice!
$MONK
Breakout continuing! A/D should be up even higher today imo
MONK
Moving well today! Gap filled
MONK
There is some serious accumulation hitting here! Gains + Volume = Accumulation!
$MONK
With these outlines, MONK should experience massive gains. The company had been on a tear for the past week, reporting great news that have been giving traders and investors boost in confidence.
MONK $0.12's getting some nice hits
Agreed, traders are loving today's news, Jedijazz!
$MONK
$MONK Investor Presentation http://sproutsapps.com/prs/IPL.pdf
MONK moving up fast here on News$$~~
Website here: http://monarchyresourcesinc.com/
+15.04% now! $MONK isn't slowing down here!
Short volume here has been on the rise lately, could see a nice squeeze!
http://otcshortreport.com/index.php?index=MONK
$MONK
Bid is far larger than the ask here! Watch closely, the L2 is clear for lift off at the moment.
$MONK
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The Company is pleased to announce that it has appointed Jose Perez as President, Secretary and Director of the Company. Jose Perez aged 39, over the last several years has consulted to various reporting and non-reporting companies in the mining, oil & gas, technology and energy efficiency sectors. Providing guidance on corporate finance, business development, marketing and investor outreach programs. Mr. Perez has a Bachelor of Commerce Degree from McGill University, where he specialized in Finance and International Business. He is currently consulting to a number of Mexican based operations. Mr. Perez is fluent in English, French and Spanish.
About Monarchy Resources
Monarchy Resources ("Monarchy") engages in a variety of investments in historically significant, mining claims and mining real estate world-wide with mineral reserves primarily consisting of precious metals. Monarchy Resources takes a minority, non-operated position in precious metal mining projects. We combine experienced management, low overhead and capital towards promising strategic acquisitions. We allow operators to remain focused on their operated interests and in return Monarchy receives revenue share of the profits from such participation. Monarchy's non-operated position continues to gain momentum as Monarchy partners with more operators and land professionals.
About New World Metals
New World Metals Corporation ("NWM") is a mineral development, ore processing and refining company focusing on expanding its production of gold and silver in Chihuahua, Mexico. NWM has two operational mines currently producing 200 tons per day. As of 2013 the company is in the process of acquiring an equal share percentage on a 250-ton per day processing plant. They will expand their mine production to 360 ton-per-day within two years.
The Company is pleased to provide an update on its interest in its three working mines; Morelos, La Luna, and Peneto. The Company is a 45% shareholder in New World Metals, the owner of these three mines located in Chihuahua, Mexico.
New World has informed the Company that the La Luna Mine has been pumped free of water to the lower levels, and the shaft has been lowered an additional 7 meters. Most recent assays at these levels show 1.5 grams of Gold and 600 grams of Silver. The La Luna mine is 30 hectares and has gold and silver as its main minerals with assays averaging 2.5 grams of gold and 600 grams of silver per ton. Currently there is a stockpile of 3000 tons of ore ready to process. Production is currently 25 tons per day. The La Luna mine has just over 300,000 tons of indicated resources and an additional 413,480 tons of inferred resources.
Major repairs and upgrades have been carried out to the mining structure at the Morelos Mine. Current assays at this new level show 1 gram of Gold and 200 grams of Silver. The Morelos mine is 21 hectares and has gold and silver as its main minerals with assays averaging 2 grams of gold and 600 grams of silver per ton. Currently there is a stockpile of 4,500 tons of ore ready to process. Production is currently 30 tons per day. The Morelos mine has over 1,000,000 tons of proven and probable resources and an additional 550,000 tons of inferred resources.
At the Peneto Mine, the shaft was deepened an additional 8 meters, and assays have been ordered on these recent samples. The Peneto mine has gold and silver as its main minerals with assays averaging 11 grams of gold and 170 grams of silver per ton. Currently there is a stockpile of 500 tons of ore ready to process. Production will start at 15 to 20 tons a day. The Peneto mine has 160,000 tons of indicated resources and an additional 138,000 tons of inferred resources.
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