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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 romaraon Aug 31, 2020 11:14pm
152 Views
Post# 31484592

To Take Control of Monument Mining

To Take Control of Monument MiningTo take control of Monument Mining, you would have to have enough shares to classed as a minority shareholder with enough shares to call a disident shareholder's meeting.

There are 3 ways to do that

1. Accumulate enough disident  shareholders under an umbrella, to call a disident shareholder's meeting.

2. Go into the open market to aquire enough shares to class yourself as a disident shareholder... would probably need to buy upwards of 25 million shares on the open market.... they would cost more then the current price of .10 CAD's

3. Do a private financing of MMY, so that they could have the funds, to finance the Sulphite Plant. let's say you do 100 million shares at .10CAD, with a half warrant. If someone did that, they could take control of the company, because management has really "no skin in the game"

So, what's it going to be, how many disident shares do we have now? .... who's going to finance the legal work  to get the disident group recognized?

.........  Richard

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