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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Metals & Mining Gold
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

Monument Mining Ltd. > Trading Halt - ODY
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Comment by romaraon Dec 05, 2023 9:29am
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Post# 35768692

RE:RE:RE:RE:RE:RE:Trading Halt - ODY

RE:RE:RE:RE:RE:RE:Trading Halt - ODYFrom my Nov 18th post
Post by romara on Nov 18, 2023 11:17am

ODY.... Needs Cash To Proceed

Ody has approx. 800 million shares outstanding at a share price of approx. .024AUD

The question is where are they going to get the cash to further drill and develop their properties ?

You would have to issue too many "new shares" to further drill and develop the property, they almost have to hope that someone will be a "white knight" and take them out, which leave them with very little equity in the transaction.

MMY which have a mill and camp in standby condition could easily take them out if there is increased cash flow from it's Malaysian properties ..... so, what is going to happen.... it should be interesting."

......   Richard
"

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