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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd > Cash at $34 million ; Working Capital at $43 million
View:
Post by nozzpack on Jul 06, 2022 10:52am

Cash at $34 million ; Working Capital at $43 million

That's in CAD .
Examining the POG in CAD , there is very little change, as the rise in the USD is offset by a decline in the CAD  offsetting the decline in POG in USD.

What we don't know is who owns the stated 10-12 blocks of shares of shares amounting to nearly 200 m shares, in Europe.
Will they be attending ?
Like Wayne, it does not make sense that these high net wealth shareholders have not combined their voting power to change the entire BOD..
Comment by Wayned52 on Jul 06, 2022 1:15pm
Just looking at the # you posted . $34 million !    Surely one of the best balance sheets in the mining business .And I think but can prove , a lot of the new construction is paid for .   And even with all the trouble we`ve had they still seem to be able to make money . Imagine what it will be like with the new mill and ore bodies . It`s not time to throw in the towel yet . I ...more  
Comment by romara on Jul 06, 2022 4:20pm
I hope we all realize, that any increase in PM values, most company shares will double overnight.. I bought for mid term investing ...... history will repeat..... shares will double overnight when market changes..... just hold tight, keep your powder dry ...... and shoot when you see the white in their eyes .........   Richard
Comment by nozzpack on Jul 06, 2022 5:16pm
Absolutely not. Summer doldrums when POG is at its weakest. You buy low when the blood is running in the streets. Very risk averse right now, covered by cash, with in all probability of 5000 ounces  in Q4, mostly decent grade Peranghi oxides with high recoveries, no more streaming deal sucking 728 ounces of gold per year and verging on 45,000 ounces per year starting in late 2022. Buy when ...more  
Comment by Gazoo2021 on Jul 06, 2022 8:27pm
Well said Nozz. I was in the market today adding to my position. This is going to get real interesting on many fronts. Buy while you can and enjoy the ride, lot's of game changing items are about to converge.
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