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Moneta Gold Inc Com MPUCF


Primary Symbol: MEAUF

Moneta Porcupine Mines Inc is a gold exploration company. The firm holds land in the Timmins Gold Camp including a joint venture with Kirkland Lake Gold Corporation. The company's flagship project, covering the Golden Highway and Garrison Gold Projects is located near Timmins and hosts a total indicated resource of 3,967,000 ounces gold contained and a total of 4,399,000 ounces gold inferred. Preliminary economic assessment studies were completed on the Garrison open pit resources and the...


OTCQX:MEAUF - Post by User

Comment by medvic1on Jul 05, 2020 4:09pm
149 Views
Post# 31226287

RE:RE:History repeating itself?

RE:RE:History repeating itself?You did good. We should be careful do not fall in love with any company especially juniors. I'll buy back Moneta I think in a 3-4weeks. Gold is about to move down in intermediate cycle low and any higher high is an opportunity to sell. It takes years for retail investors to manage their emotions and push a "sell" button.

investornot wrote: I have been invested in ME 5 separate times since 2008 and have sold all of my shares 4 of those times near it's highs after the announcement of a PP. Only the first time did I keep some shares expecting that it would rebound after the PP was done (it didn't). It has proven itself to be very predictable and has always been a great buy when trading between 5 & 10 cents a share. 

Moneta has been very good to me as a junior play with emphasis on 'play'. I do wish it would rise significantly one of these times to provide a return to those who have held on or bought near past highs. Some are long overdue to be rewarded. This is a better company with better resources than what I first invested in back in 2008, so IMO that is entirely possible. Gold prices could give the boost that is needed here and elsewhere.

While I was hoping for a spike into the 30's again I did realized a decent return for a very short term investment. I will be watching and ready to again ride the next wave if the opportunity presents itself again. GLTA


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