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Bullboard - Stock Discussion Forum Monarca Minerals Inc V.MMN

Alternate Symbol(s):  ORAGF

Monarca Minerals Inc. is a Canada-based mineral exploration company. The Company is focused on the acquisition and development of silver and base metal properties in Mexico. The Company holds interests in three mineral projects, which include Tejamen, San Lucas, and San Jose. The Company’s Tejamen property is located approximately 130 km northwest of Durango, the capital of the State of Durango... see more

TSXV:MMN - Post Discussion

Monarca Minerals Inc > With Strong Hands and Confidence.
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Post by daniel6000 on Oct 13, 2020 5:11pm

With Strong Hands and Confidence.

Strong hands and confidence. Look, dramatic stock price spikes are never good for the investor shareholders and for the solid development of a company. Lets not overpay for our shares and lets not sell off for peanuts. Lets hold a solid price point to allow the building of a solid exploration company. So, they start with a 10,000 meter drill program. Then, in proper time, another. Then more drill programs. Let the company take the time to find the minerals. Even with the recent issuing of new shares, remember, this was a no-dilution 5 to 1 split that the market sold back down eighty percent during the long winter of depressed metals prices. Many here have had to live through that. Our shares "are" worth the current price. With the amount of shares now available and strong metals prices returning, this is comparably a very understandable price to have to pay. The company logo shows silver in golden mountains. Let the company find the locked up hidden minerals of value and then let them find some more. Then, "in good time", sell to big producers that need them. Or, fund the company to develop themselves, or both. As exciting as a dramatic move up in the spot prices of metals would be, this would also be detrimental to the solid development of the industry at this time. But, for now, lets hold our shares in strong hands and support Monarca's efforts to build a solid explorer. With no affiliation I simply hold MMN shares.

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