Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. 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.

TSXV:MMY - Post by User

Monument Mining Ltd

Bullboard Posts

Comment by driftwood57on Feb 05, 2014 7:56pm

171 Views

Post# 22177269

RE:RE:RE:RE:RE:RE:Perspective

They have already tried to do it twice by way of private placements that were not required and they will try it again.
Just think for a minute about the thwarted plan to transfer all of those newly created dilution shares by way of PP to Tulum!
What do you think that ridiculous plan was all about?
Was there even one iota of reason for that "financing"?
If not for the courtcase that blocked it it would have already happened by now.
It was nothing but a plan to dilute control to Tulum and it almost worked.
The problem that they have is that the cash is rolling in too fast to create a reason for a PP.
Watch for questionable "deals" and "aquisitions" that draw that cash down.

Bullboard Posts

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