Monument Mining Ltd. V.MMY

ODY……from whence to whence ?

[nozzpack]

Something seems to be going on that hints at below the market perambulations.

No new drilling program has been announced nor has the market cap altered .

Clearly, its recent Resource estimate have turned many eyes on its future potential particularly aligned with MMY.

Lets not forget that Dato has an ASX listed empty shell that offers several opportunities .

And of course, WestGold has no where else to look for contiguous tenements .

Buy on any weakness.
We are moving into the early gold season and we are rapidly ramping up our gold production at a time when POG is about to break out,,

[SilverNS]

I am also concerned that something might be going on with MMY.  it has been months since we have seen any NRs with the exception of the ODY News.  All is quiet on the front - why - we have nothing report since June?

[nozzpack]

But that was very good news. We are in good hands in a seasonally anemic market..

[nozzpack]

The wild predatory card here is WestGold. ODY is a sitting duck, exactly what the doctor ordered . It has made 3 attempts so far by going directly to shareholders with buyout offers . If it makes an offer at 6 cents  .....a  $35 m market cap....we get just $7 m for our 20%. Of course, Dato won't accept that offer but he probably has the right of first refusal ...hence a counter

[nozzpack]

The other consequence of ODY reaching at least 100,000 JORC ounces was that Monument was to be paid $1 million after which all development costs of Tuckanarra were to be shared 80 to 20%..the latter Monuments share. But, payment of that $1 m was deferred to February 2024. This likely means that no development of Tuckie will happen in the interim . Which is unusual.... So, things may be

[romara]

nozz.... it would be nice if we could easily access to ODY....shares are less the Aust. 3 cents https://markets.ft.com/data/equities/tearsheet/summary?s=ODY:ASX For less the 3K Aust$. one could get 100,000 shares. But then, the locals don't seem to be interested in ODY..... looks like MMY and ODY are in the same boat.... no respect from the traders .....   Richard

[Freddy1989Germa]

Hello Nozzpack Yes, I also suspect that Murchsion will wait until February 2024 and that after Selinsing they will decide to move forward with this project. Whether they can really go into production on Murchsion so quickly remains to be seen. It would be a gamechanger for MMY to be in production with 2 projects.

[nozzpack]

Yes. ODY had just $3 m in cash which is why they chose to defer the milestone payment of $1 m to Mmy until early 2024. Unless, they do a major equity raise before then. ODY raised $20 m in 2021. That amount would signal they are moving towards early productiin