Monument Mining Ltd. V.MMY

Alternate Symbol(s): MMTMF

Metals & Mining Gold

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

Monument Mining Ltd. > WestGold loses out on $177 m offer for Musgrave

<< Previous

Bullboard Posts

Next >>

Comment by nozzpackon Aug 13, 2023 3:11pm

96 Views

Post# 35586109

RE:RE:WestGold loses out on $177 m offer for Musgrave

Yes, thanks for the reminder.
I recall about $39 million in WGX shares and cash.

Cathy wanted a streaming deal which WGX would not accept .
Turnakura has the same Gold resources as Musgrave which WGX offered $177 but a higher bid of $201 took the offer.

There are now close to 700,000 ounces in 43-101 with another 150,000 ounces in JORC at Gaby and lots of exploration upside in all three concessions.

So any offer below $200 million will likely attract another bidding war.

WGX will try to nip off ODY and use that leverage to acquire our Murchison assets.

I am pretty certain that the ODY/ MMY development SPV would have a clause in it about hostile and predatory takeover offer.

Apollo Group of Perth controls ODY , so it might be a very interesting few months ahead.

Its just a matter of time now before we pop above $0.20...any signifucant NR of which several are in progress.