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Monument Mining Ltd V.MMY

Alternate Symbol(s):  MMTMF

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.


TSXV:MMY - Post by User

Bullboard Posts
Post by jongguaon Apr 12, 2012 3:32pm
281 Views
Post# 19787387

favorable financing?

favorable financing?

You  mean selling 210M shares for $70M, at a pe of less than 3? This is great financing? I love their earnings and it seems they got a great deal with mengapur, but this financing, for a company that will make this $70M from eps over the next 18 months or so, seems absolutely silly to me. If it is insurance, it is giving away 1/3 of the company for it, and that is expensive insurance. I have now stooped so low as to hope the stock price stays below $.50 thru the summer warrant exercise so we can keep another 68M shares off the balance sheet. We don't need to be selling hundreds of millions of shares at pe of 3.

Bullboard Posts