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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
Post by onepunishaon Feb 28, 2013 2:01pm
262 Views
Post# 21056833

Best wishes

Best wishes

I just sold all my remaining shares because I fully expect the securities regulatory authorities to take action against MMY in the coming weeks.  Of course I could be wrong, but after checking MMY's SEDAR filings and finding no disclosure of this "legal disagreement" that cost shareholders $12 million, there is little doubt that the company knowingly failed to timely disclose material information.

Although you may not like it, in goodwill, I am informing you that I am speaking with securities class action attorneys, and hope to be a named plaintiff in a lawsuit against the company (as if MMY needs another "legal disagreement" LOL).  I don't know where this may lead, if anywhere, but it is simply unacceptable what is being done by Baldock and the BOD.  My objective is not to further destroy share value, but to elicit recompense, transparency and consideration for shareholders.

Farewell, and good luck to you all!

Bullboard Posts