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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 soladadeson Aug 30, 2012 10:18am
193 Views
Post# 20278820

RE: RE: big sell orders continues

RE: RE: big sell orders continues

appreciate the theory, but they couldn't do this successfully if there were decent bids/buyers on fundamentals. These guys might know how to "mine", but Baldock hasn't a clue about the other 1/2 of the business - i.e. financings - PR etc. This all started when they announced the PP waaay back when and since then SP has fallen from an then undervalued SP of ~
.56-
.60 to the paltry levels of today. This PP has been outstanding for what, nearly 6 months now - probably more. What a joke. My theory is that people are tired of this piece of craap SP doing sweet F-A as Au prices consolidated and are now breaking out. There is absolutely no leverage to rising Au prices. I'm reluctant to add b/c of the opportunity cost of not getting into a more leveraged entity.

Bullboard Posts