Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

Monument Mining Limited is a Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has a 20% interest in Tuckanarra Gold Project, jointly owned with Odyssey Gold Ltd in the same region. Located in the Central Gold Belt of Western Malaysia, the Selinsing Gold Mine covers a total area of approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. 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.

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Monument Mining Ltd

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Comment by paljoeyon Oct 04, 2011 7:26am

278 Views

Post# 19115479

RE: 63 million in cash! 17c in earnings

You forget that they extended to July 2012 nearly 70 million in 50 cent warrants.
At the average trading volume of 100,000 shares per day and assuming that sell is an exercised warrant, it will take beyond 2012 for that warrant overhang to dissapear.
Until it does, the share price is capped at or below the
.60 range.
This is why there is no rush to buy this stock.
You are better off buying CX.

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