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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 nozzpackon Jul 17, 2022 5:31am
105 Views
Post# 34829610

RE:RE:RE:RE:RE:RE:RE:Analyst Coverage

RE:RE:RE:RE:RE:RE:RE:Analyst CoverageYou think MMY current share price decline is an anomaly ?
Check out Karora which imo is an excellent investment.

Its share price is just 1/3 of what it was from its high in late winter.
Check ODY which is just 1/3 of its peak in 2022
Check WGX which is just 40% of its peak in 2022

And, so on.
MMY is not an exception to this combination of seasonal lows exaggerated in the past few months by the Ukraine war consequences.

Fact is, Monument has had nothing but negative fundamentals to report for quite a few years  but we are now on the cusp of regaining our production profile and its concomitant benefits of promotable financial statistics.

Those began when Dato joined the BOD, forced out the megalomaniac, sold Mengapher which gave us the capital to begin rebuilding our fundamentals .

I am no fan of management, as my posts over the past 2-3 years will show and have been involved in the recent efforts for change and better promotion .

We do have a proxy level of promoting right now .

We are held back by three factors.......gold stocks are currently out of favor, management with little promotion skills, and emergent but not quite there yet, production fundamentals .

The latter is close to reality, 
Gold will regain its traditional and seasonal levels
And management with little in the way of promotional chops will be under intense review..





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