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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 approximately 150.3 square kilometers (km2) and includes the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub properties. The Murchison Gold Project includes the Burnakura, Gabanintha, and Tuckanarra properties, which are located in the Murchison goldfield of Western Australia, 40 kilometers (km) southeast of Meekatharra and approximately 765km northeast of Perth. 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.


TSXV:MMY - Post by User

Bullboard Posts
Comment by onepunishaon Feb 25, 2013 3:52pm
212 Views
Post# 21039874

RE: for BOD

RE: for BOD

Failure to disclose material information to shareholder is indeed against the law, and yes, we should file complaints with the BCSC.

While I can't be sure about the Goldmet PR and its inconsistencies with Monument's statement, it is clear that the "legal disagreement" with Marland/Tulum was not disclosed in a timely manner, and therefore, it should be construed as material information that was withheld from shareholders.

Monument also appears to have been deceptive about the Tulum private placement. Its reasons for withdrawing were to provide for "less dilution," "broader participation" and "potential new investors," according to its 17/1 PR, but nothing related to Tulum's "previous dealings with the vendor of the Mengapur Project."

This spells trouble.

Bullboard Posts