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Monument Mining Ltd. V.MMY

Alternate Symbol(s):  MMTMF

Monument Mining Limited is a Canada-based gold producer. The Company is engaged in the operation of gold mines, acquisition, exploration, and development of precious metals with a focus on gold. It owns a 100% interest in the Selinsing Gold Mine and the Murchison Gold Project. The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia, and comprises the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects. Buffalo Reef lies continuously and contiguously along the gold trend upon which the Selinsing Gold Property is located. Both Felda and Famehub are located east and north of the Selinsing and Buffalo Reef properties. It has a 100% interest in the Murchison Gold Portfolio, which consists of the Burnakura, Gabanintha, and a 20% interest in Tuckanarra gold properties, located in the Murchison Mineral Field. Burnakura and Gabanintha are located southeast of Meekatharra, Western Australia and northeast of Perth, Western Australia.


TSXV:MMY - Post by User

Post by nozzpackon Dec 15, 2021 7:02am
112 Views
Post# 34231793

Strategic Review Leading to cash out/ Dividend

Strategic Review Leading to cash out/ Dividend

Strategic Review 

 Our long promised dividend did not transpire with the sale of Mangapher at a give away price , it could have happened with the Dispositiin of Tuckanara had it been sold at fair value .

Instead it was JVed at yet another giveaway price .

 

A solution amicable to most would be the separation of shareholders from current management .
This could be achieved by taking Selinsing private, and spinning out Murchison to shareholders with adequate seed capital and the Tuckanara JV.

Monument is not functionally a public company because management have no presence / chops in the public markets nor standing in the metals investment community.

In such a move, we get rid of them and they get rid of us while all shareholders would benefit from the dividend of publicly listing Murchison.

Whats to lose..


 

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