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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
Comment by WolfgangEon May 09, 2012 11:48pm
215 Views
Post# 19892852

RE: Update on MMY

RE: Update on MMY

While I respect Your opinion, Richard and also read your contributions with gusto (also on other boards) I am still fuming over the PP as it was initially shoved down our shareholders' throats and with the subsequent improvement from 45C to 50c and from one warrant to 1/2 warrant per share purchased under the PP.  Still the market recognised the vast dilution of MMY and priced it accordingly down from 55c (even higher before the announced PP in the low 60's) down to about 40c.  And what's more mengapur is a big polymetallic project which will require either a partner with deep pockets or it will have to be financed with the presently very profitable gold mining operations plus some extra funds yet to be raised.  By the time that project makes any money (if it actually does) I am old and decrepid.  So it will be a bottomless pit for years to come.  As a shareholder I feel cheated.

My 2c worth,  Wolf E

Bullboard Posts