Monument Mining Ltd V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

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.

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Monument Mining Ltd > CIBC World Markets Selloff

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Comment by sinusoidon Nov 02, 2023 8:34pm

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Post# 35714945

RE:RE:CIBC World Markets Selloff

Nor me.
There is an inherent asymmetry to trades in an illiquid retail-held stock. There are a million reasons someone might be forced to liquidate: divorce, house or vehicle purchase, hmedical bills... the list goes on. Conversely, since most retail speculators don't short, no one is ever really forced to make a purchase.
These sales can then trigger stop-losses, and so occasional large sell-offs can happen without there being any reason whatsoever related to what the company is doing.
It can be terrifying, but the best thing to do is to check if one's original speculation thesis still holds, and if so, not to be at all alarmed by this random noise.

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