Monto mounts $5m fundraiser

SHARES in industrial minerals miner Monto Minerals slumped to an all time low yesterday on news of a $A5 million share placement aimed at improving the fate of the company’s flagship Goondicum mine in Central Queensland.

Monto mounts $5m fundraiser Monto mounts $5m fundraiser Monto mounts $5m fundraiser Monto mounts $5m fundraiser Monto mounts $5m fundraiser

Monto had been in lockdown mode since Thursday while it took stock of working capital requirements, but yesterday emerged from the market halt to trade more than 40% lower, at 8c.

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