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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 onatangenton Jan 21, 2014 12:34am
254 Views
Post# 22114115

RE:RE:RE:Information Source

RE:RE:RE:Information SourceGuy,

Are you disagreeing with any of this the analysis below? The interlocking directorships are fairly easy to explain - a falling out of former associates - Baldock on one side, a shadowy group on the other - some of the wolves are on the MMY board; some of the sheep are on other boards. I don't know what qualifications the wolves have to run our company but I expect they are aware of the cash - everyone in mining needs it. As Romera says, "I'm holding my nose and voting for the man who created the cash - Baldock and the current board, wolves and all.

https://classicvalueinvestors.com/i/2012/10/letter-to-monument-mining-from-cedar-creek-partners/
Otto Snel
October 27, 2012 at 7:53 pm | Permalink

Also note the Goldmet acquisition of a 26% interest in Monument earlier this year. The shares and warrants could only have been acquired from Orifer SA, a Swiss company controlled by Francois Marland, a known associate of Robert Baldock, Monument’s President and CEO.

Goldmet is controlled by George Molyviatis, a former director of Monument and also an associate of Mr Baldock.

A present Monument director, Jean-Edgar de Trentinian, is a director and president of Orifer SA and therefore an associate of Messrs Baldock and Marland.

Goldmet and Tulum (that is Francois Marland) in concert will control 45.9% of Monument should the present proposed private placement to Tulum proceed.

In effect these parties in concert will control Monument and it also means that it will be almost impossible for a party of concerned shareholders to unseat the present board of directors. Such a party must have control of at least 30% of the issued capital before it can commence an action to unseat the board.


Bullboard Posts

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