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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 Pinnacleon Mar 09, 2020 6:32pm
65 Views
Post# 30785732

RE:Working Capital , Cash and Cash Equivalemt

RE:Working Capital , Cash and Cash Equivalemt

 

Its becoming clear that the accumlation of gold dore in our gold vaults is designed to pay for the sulphide coversion , in whole or in part.


TheRock,

My theory is that one of the reasons there is an overhang on this stock is that there is the fear that there is going to be some dilution as a result of a need to raise capital for sulphide conversion.  But given what you say above, the risk of that seems limited given the dore accumulation.  Why doesn't management allay concerns over dilution risk by spelling this dore strategy out more?

 

Bullboard Posts