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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 > This stock really needs a reverse split
View:
Post by AlfTanner on Aug 08, 2024 6:04pm

This stock really needs a reverse split

This stock is being totally ignored by the market.  That is because it is a penny stock with a bloated share count.  No one trusts penny stocks, and for good reason.  Most of them are junk, and only penny stock flippers will touch them.
 
I did buy a little, but I will not buy any more until management proves they are serious about having a serious stock.  A 1:10 reverse split would be idea, but even a 1:5 would be okay.
 
Comment by romara on Aug 08, 2024 10:36pm
Could be, but, my thoughts are "the street" doesn't have any confidemce in the present management. About the Murchinson property, my thoughts are.... they won't do anything with this property until they burn out their Malaysian property. They want to drag out these properties..... so that they can keep getting paid big salaries as long as possible... ......   Richard
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