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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

Post by Del2021on Jul 16, 2021 11:45am
261 Views
Post# 33559693

Will this time be different?

Will this time be different?In the past, Moneta has shot up on good news and dropped down again. I learned quickly to sell and then buy back. But this time I am holding. Gold will continue to rise in price. In Southest Asia where Covid has recently hit them hard and the economies are hurting, gold prices have gone up. It is their traditional refuge. Bitcoin has taken a serious hit, and after the recent ransomware attacks where payment was demanded in Crypto, more governments will move against it. Moneta's recent results have been some of its most promising. I have been told by those in mining, that the glitter has returned to gold, and I think a takeover of Moneta or even a partnership are more likely now than in the past. So I will hold my shares this time, cause I don't want to be caught with my pants down if the news we have been waiting for finally comes. Especially, because I think there will be an overreaction to any announcement of developing a mine and the stock will initially soar beyond its value.
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