Monument Mining Ltd. V.MMY

Undervaluation here is difficult to comprehend

[ArtieFufkin]

I have only just rediscovered MMY after selling back around the time of the Mengapur purchase and the hated PP that financed it. Looks like that purchase has been a millstone round this company's neck as many predicted it would be. Now it is gone this company can get back to being what it should have been all along. I am utterly amazed at the undervaluation here now, 40 million market cap, almost 70 million cash and gold on hand, FCF of maybe 15 million flowing from Selinsing next year. Murchison which if it was spun out could easily justify a M/C of 50 million alone based on peers, 20% JV with ODY currently worth 8 million based on ODY's M/C, an NSR on Mengapur when it eventually starts producing and no debt. Incredible position for MMY to be in bearing in mind  what was lost on Mengapur. Bad sentiment only counts for so much, not a mispricing of this magnitude, this needs marketing, there is nothing out there about MMY at all and no-one following it.. I only found it because someone spammed another board with the Mengapur news and it resonated with me as a former shareholder. If the company won't do it we need to do it by starting to talk about it on other forums, get the word out. Anyway much against my better judgement I am back in, the under valuation here is too great to ignore. I am hoping now they have divested Mengapur they can concentrate properly on Selinsing and Murchison and become a solid and growing junior gold producer over the next year or so. They could also just sell the damn thing either in one go or piecemeal, either way it's worth 50 cents a share right now, more long term if they get it right. BTW the discussion here is a level above most other boards, thanks Nozzpack and others for the DD.

[SilverNS]

Welcome onboard - we need as many new investors possible - we all fully agree that there is absolutely no marketing which is restraining the full value of MMY.  

[nozzpack]

You join many other shareholders whose view is the same as yours . The millstone of Mengapher and the negative sentiment and distaste associated with its  dilutive financing by a management team which carries little respect by its shareholders has impeded the unlocking of value here and that value is quite substantial. Also, as you point out, absolutely no effective IR efforts for nearly a

[Goldcross]

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