Monument Mining Ltd V.MMY

Accumulation of Shares

[romara]

Probably because of the news, Morgan Stanley, and RBC had buyers today..... let's hope for more interest. in this gold producing property from other brokerage houses..

.........   Richard

[Wayned52]

I have a feeling that 1 or 2 people are very carefully accumulating shares . They have to be careful not to bid the price up . Bids of any size would spoil easy profits down the road . Slowly but surely they have been building big positions while keeping the price down by not chasing the ask .   At least to me I think nozzpack was on to something when he sluthed out persistant buyers . There

[nozzpack]

ITG house has been a consistent buyer since 2019. Lately, fewer shares have been bought and today a few shares were sold. My view has always been that the buyer, who  once close to the 10% level at which insider status must be declared,  will stop buying . In which case, other than capital gain motivation, we could see interesting developments at Proxy time

[romara]

10% level is over 33 million shares.... how many shares have been traded in the past year? .... how many in the past 2 years..... nowhere close to 10%.... and that includes all buyers yes, it's been accumulated, but nowhere close to the amounts to turn the BOD. ........   Richard

[romara]

12 of 13 buyers today are RBC.... https://money.tmx.com/en/quote/MMY/trade-history .........   Richard

[Wayned52]

Hi Richard ,  your posting has dropped off dramatically and you are in danger of seeing your reputation drop again . Stockhouse asked me to warn you .   Why don`t you get hold of WestGold and make a pitch to them on our behalf  ?  You would have plenty to post about and your reputation would soar with us :)

[Wayned52]

Volume mid day at 2 shares and still no insiders or WestGold buying .

[nozzpack]

Itg84 has stopped buying...my expectation  was that he would, once sufficient shares had been accumulated just prior to the AGM. Stealth accumulation usually has material motivation . Who knows what that motivation might be other than the avaerge buy price is close to 9 Pennies..

[romara]

Unless ITG84 has 100 million shares..... they are just blowing in the wind... .......Richard

[tsoprano24]

Wayne, I wouldn't mind buying more shares down here based on some of nozz's cases but will stick to my plan of waiting till insider buys show up or company announces buyback. If they don't think it's cheap why should I? So I wait. T

[Wayned52]

Tony I support your view . I don`t know if you are still in GCM =Aris  . Pityiful how it is treated . It gushes money with hundreds of years of high grade reserves and nobody cares . Like MMY . Success means nothing . Give me useless BitCoin . And we can talk about that fiction another time . We are fighting an uphill battle in gold .   Look at the charts for all the markets today

[tsoprano24]

Wayne, I'm still in both mmy and gcm. Just not buying either at this time. Any insider buying or buyback announcement and I'll be a buyer again.  T

[romara]

Be nice Wayne ........ .......   Richard

[romara]

I made a couple of commentable post last week.... and got "no comment" .... so I am just sitting back and watching the same old stuff being rehashed.... ........... Richard