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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 AlfTanneron Jan 27, 2016 3:44pm
71 Views
Post# 24499149

RE:RE:Reverse split needed

RE:RE:Reverse split neededJojo, if you think the results are going to be good, then that is even more reason for a reverse split.  Investors do not pay attention to earnings that are in tenths of a penny per share.  For any earnings to be noticed, they must be in full cents per share.  With the current share structure, it is unlikely that quarterly earnings would ever be up to that important threshhold of $.01 per share.  A 1:10 reverse split might fix that problem. 

And like I said, over 300 million shares is ridiculous for a small mining company.  That kind of share count has "scam" written all over it.  You would be wise to NEVER invest in any small miner with this kind of share count.  That will save you some money in the future.
Bullboard Posts