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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Bullboard Posts
Comment by goofenoffon Dec 17, 2011 10:33am
240 Views
Post# 19331614

RE: Worth reading:

RE: Worth reading: thanks for posting pozelei.  This article cleans up some misconceptions from his previous gurufocus write-up. Also getting some answers from Mr Balldock clears some aspects up. Interesting read, Unfortunately, we are unable to look into the future and need to go by facts presented to base an opinion.--------------------------------------- Arms length financing? Getting Mengapur into production by end of 2012 profitable? After all it had 9 month of production until Jul 2011 and then was shut down due to 'lack of capital'? Sounds like it was unprofitable to me! How much cash is needed to finance upgrade and equipment? etc----------------------------------.and who is actually benefiting from the 10% advisor fee? Sounds like someone is being paid off for a sweet deal? Maybe?--------------------------------Will all this improve SP? When? The only solution at this time is to go with your gut feeling when your voting, It would be interesting to know what our other major investors in MMY would advise. Drama.......
Bullboard Posts