Monument Mining Ltd V.MMY

RE:Monument Announces RSU Grants

[romara]

This is what I posted April 12/21 ...... Richard

romara (250)

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April 12, 2021 - 09:11 AM

38 Reads

Post# 32976315

RE:RE:promotion

If they spent less money on Director's fees, now it is  ($70,000.00 plus each director per year), We would be able to have our story told better then what the Board of Directors, and management does now

As per a previous post, I had found that the Board of Diectors of Monument Mining Limited are way over paid according to their peer companies. It seems like we pay them this amount for doing what management wants them to do, and no complaints.... The current Board of Directors are bought and paid for to be "YES" men ....  Richard

And This is What I wrote to CEO about on April 1, 2021 .....  Richard

Dear Madame CEO,

Cathy,

Could you please give me, and others a response, and answer  to the listed article below

Like why are our Directors Fees so way out of line then with our peers?

Why do we overpay our Directors when they do not create any wealth for the shareholders of the company?

This is a start to a series of questions, about the operation of Monument Mining Limited in the on coming weeks.

Your answers will be appreciated

Best regards,

Richard O'Mara

Article: Director's Fees

romara (223)

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31 minutes ago

19 Reads

Post# 32922589

Director's Fees.... Looks Like Hands in the Cookie Jar

Director's Fees:

As I noticed by the latest Information Circular  from Monument Mining, that we pay the Directors, who are not executives, a lot of money, way too much money, way more then what peer companies pay their Directors

Non Executives Directors, Monument Mining Limited (NEO) In 2020:

Graham Dickson - directors fee of $83,000. plus meeting fees of $7,000.- Total $90,000.00. "note: Graham Dickson has been appointed Chairman ... what would his salary be now.

Michael John Kitney – director fees of $88,000. plus meeting fees of $7,000. - Total $95,000.00

This is before they are involved in the Stock Option Plan

this company. We have seen very little increase in share value for years, and or any substantial increase of company value. They seem to have been “bought” for their input, or lack of it. Like the bobbing heads of those dipping birds in back windows, of some autos

To me, that is an excessive amount to be paid to Directors who haven't really done anything for the company's shareholders

To substantiate my claim, I have taken the names of “peer” companies from the Scotia Bank I-Trade, MMY, Monument Mining Limited page.

 

The companies are: listed with Director's fees

 

CBRC Gold Bull Resources Corp      only Stock Option Plan (SOP)

ORV Orvana Mineral Corp.      $35,000. + expenses & SOP

RPX Red Pine Explorations Inc      Stock Option Plan

BYN Banyan Gold Corp.      Stock Option Plan

 

The companies below are from the Monument Mining Limited Peer Group from Thomson Reuters Stock Report part of the Scotia Bank I-Trade, MMY, Monument Mining Limited page.

OCG Outcrop Gold Corp approx      $17,000.

LVX Leviathan Gold      $0.00

AGD Antioquia Gold Inc.      $1500./month, plus Stock Option Plan

RPX Red Pine Explorations Inc.      Stock Option Plan

SKP Strikepoint Gold 2019-      $2,000. to $27,000

HSTR Heliostar Metals      $20,000 plus Stock Option Plan

RML Rusoro Mining (Russians)      $30,000. to $100,000

CCM Canagold Resources      Stock Option Plan

ATC ATAC Resourses      $12,000. to $49,000.

Just one firm comes close to what MMY paid it's non- NEO Directors, and that's a Russian firm, RML Rusoro Mining where the CEO also from his $100,000. Director's fees, he also gets $1,000,000. for being the CEO

In my opinion, I really think our Directors are paid overly well, just to just be yes men, to what the management wants.... it is waste of our money .... almost like stealing company funds. With that kind of money.... they sure are not independant

Information was taken from SEDAR,, from the last Company Information Circular

.... Richard