Monument Mining Ltd V.MMY

Anonymous .... Is Buying

[romara]

Anonymous is buying today, all except a 500 share sale
 

Anonymous today has bought 251,500 shares so far today, plus they bought  120, 000 shares Friday .... sooo it looks like someone see a bargain...... let's hope the wind changes from sellers to buyers .... this would be  a good start ..........    Richard

[Wayned52]

Ever since we got the news about putting Murchison back on the shelf I have been trying to figure out why any mining company would do such a thing .  Your  " cornerstone project  "  The future of MMY  ?  And in one brief sentence it`s taken out of the picture .  With a ready to go mill .    The only reason I can think of , and I`m only

[romara]

Yes, and if you go to the latest  MD&A, you will find both those statements within a paragraph one another....... just management talking out of both sides of their mouth at the same time Cathy Lai ....   Cathy Lai ......   Richard

[SilverNS]

But why would they not release the drill results - to keep price down?

[nozzpack]

My view on the assay results is that they went greenfield against everwheming evidence that the best place to find gold is near old gold mines. Having done that, they drilled 10,000 m and found nothing significant. They compounded that strategic error by buying another 4000 m which they chose to add more greenfield drill holes to areas all ready drilled and those too came up empty. So, now they

[Wayned52]

ODY is an exceptional company . They obviously know what they are doing .  Their one problem is their enormous amount of shares for a tiny exploration company . All in share count is close to 800 million . To raise any kind of serious money they would be well over a billion in no time , and with that I can`t see any investors with deep pockets giving them a serious look . Don`t get me wrong .

[nozzpack]

Regardless of share dilution, ODY shows how asset value hidden within Monument can be unlocked by spin out to a good management team. Many examples, as for example yesterday, show by peer proxy, what our Murchison assets would be worth, as a new publicly listed equity under decent management. Value can also be unlocked by a sale, providing we have a management team astute enough to know the value