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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd. > Turning Point
View:
Post by Gazoo2021 on Apr 20, 2022 9:30pm

Turning Point

Dear Friends

After having watched my investment from 10 years ago go from $.50 a share to our present valuation has been painful.

Cathy and Graham need to fired as our corporation was grossly mismanaged.

We are now at a turning point, looking in the rear view mirror, all the negativity from past investments is behind us.

Going forward our cash flow is going to greatly increase.
Our profits and valuation of assets are going to increase.

Investors can now consider Monment Mining an attractive investment with tremendous upside potential at this price point.

Many possibilities are present and even without any changes in our executive, our share price is at a turning point and heading upwards.

At these low prices of $.13 a share, this investment will continue to increase on a weekly basis as the inflationary pressures on our existing assets and mineral reserves would impact our present book value of $.30 a share in a positive way.

This book value in today's economic environment wold be at least douuble, $.60 a share.

Like other parties accumulating shares at this low valuation is a good investment.

No party that has been here for the last 10 years can deny that we are clearly at a turning point.

I continue to purchase shares on a daily basis up until $.15 a share.
Comment by Wayned52 on Apr 21, 2022 11:56am
Gazoo  ,  with all due respect I have to put this out there .  We have all been  lead to believe that about 200 million shares have been land locked in Europe for 10 years . You are not able to vote your shares and it`s pretty obvious you can`t sell them or at least some of you would .  I don`t understand why you would buy more . Even if we hit your 30 cent mark , how do ...more  
Comment by Gazoo2021 on Apr 21, 2022 1:11pm
Hi Wayne Presently, I'm buying shares, buying when price is below book value and equal to cash on hand and interest in MMY is low. Here are some fun facts to consider; from the MMY website, Resources, Reserves.  Malaysia reports dated 2018 based on a gold price of $1,300.00 US. Western Austarlia reports date back to 2013. What would you expect for a change to these reports with $1 ...more  
Comment by Wayned52 on Apr 21, 2022 1:33pm
 Gazoo ,  it has been brought to my attention you are not in Europe , but the rest of my question still stands .
Comment by tsoprano24 on Apr 21, 2022 2:13pm
Wayne, where did you see they couldn't sell? I've been assuming most the selling was from there.  T
Comment by Wayned52 on Apr 21, 2022 5:50pm
Hi Tony , at the last AGM there was great uproar about MMY saying they had " the vast majority of votes " and they wouldn`t and still haven`t given the result , AS FAR AS I KNOW ,   you have to be very careful now about everything you write or somebody will stay up all night looking for a mistake . After  the meeting there were endless posts about Europeans not being able ...more  
Comment by nozzpack on Apr 22, 2022 7:36am
No one knows how many voted in 2021 or 2020 because those numbers are private to Monument management. Hence it is not possible to state that no EU shares voted against management. There are options available if the EU shareholders really wanted to sell. They may not be cheap but if you own 20 m shares, the $500 fee won't stop you...or indeed the cost of opening an account at a Canadian ...more  
Comment by Wayned52 on Apr 22, 2022 11:28am
Yes , before the fee price mentioned was $400 and at the time I said peanuts considering the amounts involved . Something is very odd about all this . Maybe the shares are held in a fund that individuals can`t sell out of . These guys read these boards but are tight with information .   Anyway it makes little difference to the final outcome .  Dato`Sia is very firmly in control of this ...more  
Comment by romara on Apr 23, 2022 10:42pm
Wayne .... I really think Dato forced his way in, by buying treasury shares at .50$CAD. He's from that part of the world, and probably knows the power players in the government of Malayia ....... just wanted a piece of the action.......    ..........   Richard
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