RE:Monument Mining (TSE:MMY) Stock Forecast & Price TargetHi Richard , I have said it many times , that MMY built a mill under a Covid cloud and China lockdowns . The delays were not their fault so we agree on that ,
But then you post that there are no ratings from analysts or the TSX . I ask you how could there be . It`s a new mill that was incomplete . There is nothing to measure yet . Even if there was these analysts are always a year late and completely off the mark . Not worth looking at .
The same goes for NEWS RELEASES on progress . We just had a very thorough news release only 13 days ago that went into everything in detail . Maybe people missed it . Is MMY supposed to give a daily update that most people don`t read anyway ?
There are a lot of people who shouldn`t be investing in mining . It`s a tough business and shareholders have always been out of the picture . You pick a company you think will be a success and wait it out . Average 15 years now to develope a mine is per WGC . So wait or sell for a tax lose
All my adult life gold was a hedge against inflation . But ten years ago the big investment banks decided it is the opposite and so it is and it makes it much easier for them to manipulate PAPER gold .
You notice this morning gold went up almost $40 US because now 7.1% November inflation was considered low and the stock market took off ,, for a while . The gold miner index barely budged and by tomorrow will be back where it was . In fact the CSE is in the red . Who would be interested in gold miners ?
In the last several AGM news releases you have to have noticed that MMY gets a substantially better price for their gold than the futures price . Surley nobody on this board didn`t notice that .
Somebody at MMY knows what they are doing to keep the doors open. Don`t expect analysts to give us a decent price rating till after we are sold . I a short time we will be profitable , unlike most miners .
Richard , these are just my opinions . Don`t expect me to spend one second quoting sources to keep you happy . Why not try pitching in for the team instead of the never ending cloud .