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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 sinusoidon Dec 30, 2019 9:46am
64 Views
Post# 30500832

RE:What We Need

RE:What We NeedRichard, if you really just want out, then my advice is to just get out now and move on a to company you consider to be better run; don't wait for a miracle in the form of an outcome that you can't put together a solid justification for. 

That said, look at the trading action and depth. There are plenty of opportunists waiting in the wings at the bid price, it's just that there is a slow dribble of selling now matter how low we go. Sellers can be forced to sell; buyers are rarely forced to buy. One obstacle we're facing right now is the massive spread. To the upside, movement could be swift in percentage terms, in the same way that the last few price increments have been hugely painful in percentage terms, but this could take a little while as the economics and narrative need to shift that much. 
Bullboard Posts