Colombian Gold Concentrate Agreement
Timely disclosure of material events has always been a problem with Monument management.
We have signed an agreement to purchase Colombian Gold concentrate for tertiary processing by the Selinsing mill.
As part of that project, a 100 ton trial lot was to be processed at the Selinsing mill subsequent to Q2.
Q3 ended on March 31/21.
Presumably, the trial lot has now been processed.
Yet no announcement of this potentially significant new revenue stream has been made.
This is consistent with past practises ....a violation of exchange rules relating to timely disclosure .
Instead, previous disclosures have often been rolled inconspicuously into the quarterly report where only the very diligent reader would detect that a new project has been launched.
In such cases, opportunities via a separate NR, to bring attention and liquidity to the share price, has been missed,
This is no longer acceptable, as current dissent by shareholders is largely driven by a poorly performing share price and barely detectable liquidity.
Surely, this signinuficant new revenue project deserves its own NR..
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Testwork on external concentrates continued through the current oxide processing plant. Samples were collected from South America, Southern Africa and Europe.
Successful testwork on a Colombian gold concentrate culminated in the agreement.
A 100 tonne trial lot of concentrate were ordered on the way to Selinsing site after success of laboratory test work, and will be processed at the Selinsing plant subsequent to the second quarter.