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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

Comment by tsoprano24on Nov 01, 2021 11:52am
77 Views
Post# 34073347

RE:Surprises me

RE:Surprises meWow, catching up on the comedy club here is getting tiresome but thought I would reply to a post that hit home. Why do most insiders own so little, if any, shares. I have begged the company, with too much cash to be trusted, to buy back shares. They have refused. So, apparently, they see some other opportunities that are better than us, trading at a fraction of NAV. My guess is that the cash will be wasted as usual on self dealing arrangements, with fees and commissions going to themselves or the cash will be used to finance themselves going private. The fact the insiders aren't buying leads me to think there is no reason to own the stock. They aren't buying back stock because they need the cash for something else. What? Sad to see executives become crooks but I am seeing less and less reason to believe in them. I still can't bring myself to sell at these ridiculous prices. But I will be looking for news soon or the hammer of karma to come down on these bags of schitt.

T
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