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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 onepunishaon Jan 31, 2014 11:15am
146 Views
Post# 22158165

RE:RE:RE:Save yourselves do not vote with dissidents

RE:RE:RE:Save yourselves do not vote with dissidents$40 million, but for how long?  MMY still needs to pay for its recent shopping spree to the tune of $13M for the Murchison purchase and another $10M for the oxide magnenite stockpiles, and who knows what other purchases or $12M back-door "settlement" agreements Baldock will surprise us with this year.  

Goldmet's George Molyviatis did create companies and was key to building MMY.  Baldock is good at two things: 1) buying projects and 2) diluting shares.  A typical Ventures CEO.  So, even with a profitable mine, Baldock proved to be detrimental to shareholder value .
Bullboard Posts