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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 AlfTanneron Jul 17, 2024 2:17pm
320 Views
Post# 36137052

RE:Valuations

RE:ValuationsHere is the problem with this stock.  They have an amazing valuation.  Production is growing.  Profits should be rolling in soon.  But the stock is stuck.  Why?  Because it is a FRICKING PENNY STOCK.  Penny stock investors do not care about long term fundamentals.  They are only in and out for a quick buck.  This company should have done a reverse split years ago if they had any interest in being taken serious by the market.  I have a small investment here, but I am very unhappy with the penny stock status and the bloated share count.  I know that a 10:1 reverse split would not actually change anything, but a share price above $1 would attract real investors instead of penny stock flippers.  Also, if and when the company actually has some real earnings, they would be able to report earnings in pennies like a real company instead of tenths of pennies.

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