Monument Mining Ltd V.MMY

best news since years

[deiwel]

i do not understand why poeple selling,

this news are one of the best i see by mmy in the last years.

so much details and a really plan behide.

for me still strong buy

[SilverNS]

No Drilling for months - we also need to be trading on the ASX 

[Wayned52]

I`ve been looking this company over and there is a lot to like . The one thing holding me back is the large number of shares out . Way to many for a 16 cent stock . They need to seriously look at a reverse split to get the count down. 1 for 10 would give them some ability to raise money.  Can`t ever do anything with out being able to raise cash . Then I`m in .

[SilverNS]

Are you aware that they currently have over 50M in cash with no debt

[Wayned52]

That`s all great but the fact is there are a huge number of shares out for a 16 cent stock. And it`s great some people made 100 % profit . That doesn`t fund exploration for the company or rebuild mills . 

[Sharegar777]

 The amount of shares in issue should not be viewed as a big problem. The fundamentals of the company are great and our cash plus assets are worth much more than our current Mcap. That can be further enhanced with drilling (see ODY).  The only real drag in the short term is production levels for Malaysia. There is a plan in place to increase production sustainably using the Sulphides, so

[nozzpack]

ASX listed companies almost all have high share counts. For example ODY has 650 m shares o/s . The ASX listing is a MUST , as it will be linked because of synergistic assets with that of ODY. ODY typically trades 3-4 m shares per day and has had several days with over 40 million shares traded. Such liquidity will enable everyone a chance to trade or liquidate their position. Management should

[jim96]

People sell this stock because they bought under 7 cents, and at 16 cents, it's way over 100% return, it's good deal! They can move another stock to get even better return.