Monument Mining Ltd. V.MMY

Reverse split = smart

[AlfTanner]

A small copper mining company I follow, Trigon Metals, has about 300M shares.  They are probably going to be nicely profitable by the end of 2024.  In order to attract the right kind of investors, they have decided to do a 5:1 reverse split.  That will get their share count down to 60M and get their stock price up near $1.  

 

Monument needs to do the same thing if they really plan to be profitable.  Self-respecting investors avoid small mining stocks with a bloated share count and a sub $.50 stock price.  If this company wants to attract smart investors, it needs to show the market it is a serious player.  15 cents does not say you are serious.

 

[Freddy1989Germa]

Monument needs to do the same thing if they really plan to be profitable.  Self-respecting investors avoid small mining stocks with a bloated share count and a sub $.50 stock price.  If this company wants to attract smart investors, it needs to show the market it is a serious player.  15 cents does not say you are serious.   Are you saying that we investors have no self

[AlfTanner]

Yes, unfortunately penny stock investors tend to be the bottom of the barrel in the investing world.  Professional investors would never touch this stuff.     This stock has not had too much dilution, but it has not had very much success either.  In 2010, the stock price was US$.26 and it had 255M shares.  Here we are 14 years later, and we have a stock price of

[Freddy1989Germa]

Maybe you should get used to having a little more respect for your small number of shares - there are much bigger investors than you here   who have no problems at all with the 340 million shares  "Yes, unfortunately penny stock investors tend to be the bottom of the barrel in the investing world."

[romara]

I do have in fact a problem with the great number of shares issued. And here are the reasons (my thoughts). With the large number of shares issued, and the "penny price" of them, a lot of investment funds cannot touch them. This could be planned by management so that they cannot be critizied professinal Investment firms at the AGM. They can operate under the radar in what they are doing

[mmyactivist]

AlfTanner, when you write professional advice which should be in the interest of all minority shareholders like: - doing reverse split, - share buyback program, - listing on ASX, - opposition to Mengapur acquisition, stealing of $150m+ by the mgmt, - highly suspicious cheap $5m disposal of valuable Australia assets to ODY etc, but some members still argue against it / or manipulate and try to

[AlfTanner]

I agree with Richard and mmyactivist.  The high share count and low stock price indicate that this company does not want intelligent, professional investors.  There is a lot less accountability when the stock is owned by bottom of the barrel penny stock flippers.   Nonetheless, I have made a small investment in this company.  This is a pure speculation because I do think

[Freddy1989Germa]

The reassuring thing is that MMY, i.e. the management, is not at all interested in what is written on “bullboards”   here some have already scolded without end   me too, that doesn't help at all and only costs nerves    In Australia you can easily manage with 350 million shares, there are companies that have much higher numbers.

[Freddy1989Germa]

Oh you've only been around for 10 years mmyactivist that's sweet there are investors who have been around since 2010 and in some cases have over 1 million shares   and not some people who come in here and buy 1000 shares and think they can make a difference ....   There are companies in Australia that have significantly more shares than MMY why does it work there with the

[mmyactivist]

this just confirms what i'm saying... my previous nic was VAPOLA, stop writing this nonsense about 1000 shares ha-ha...

[Freddy1989Germa]

Then I have another question: how many shares do the investors who are so upset here have?   I think the investors who have a large number of shares have much more to lose   and you could also rant a lot more if you've been around since 2010 like me mmyactivist you haven't been around that long 

[mmyactivist]

thank you for confirming that it makes absolutely no sense to argue with a person who is against: - doing reverse split, - share buyback program, - listing on ASX, - opposition to Mengapur acquisition, stealing of $150m+ by the mgmt, - highly suspicious cheap $5m disposal of valuable Australia assets to ODY.

[Freddy1989Germa]

Thanks for confirming what nonsense you are talking mmy Activist since when have you been a shareholder? I have nothing against a listing on the ASX where did I write that? that would be very good for the company but it would also be strategically wise to list in Malaysia

[AlfTanner]

None of those junk penny stock mining companies in Australia get any respect either.  For the most part, penny stocks are for losers.  The investing world knows this.  Stop trying to make excuses like "look, they do it in Australia".  That is a lame argument.  They sell penny stocks all over the world.  That is because there are foolish investors all over

[Freddy1989Germa]

Wow     What statements from you again      When are you a real mining company did you realize that MMY is selling gold every quarter and increasing their production? almost 9000 ounces   but around 9000 ounces per quarter you are of course not a real gold mining company     There will probably be no further dilution    

[romara]

Freddy, I just don't want to get into a heated disscussion with you.... Yes....the sell gold every quarter, even when they mined Selingsing, they made money.... lots of it.... but the shareholders never saw even a dime of the earnings. They spent the money on "strange" investments that can't be traced... like the two investments in the Congo ....that some how didn't work out.