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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

Post by romaraon May 06, 2021 9:23am
70 Views
Post# 33139521

Cathy's Restricted Share Units - Revisited

Cathy's Restricted Share Units - RevisitedI would just like to make a correction on what some posters thought was Management and Directors buying shares. No share were bought, but Cathy had some excersizable RSU's which she excersized.

Cathy excersized 1 million RSUs of Monument Mining as she was entitled to. And upon her excersizing the RSUs, she occured an income, which is taxable for income tax purposes.

Now these share have to have a value attached to them for income, and tax purpose, so she picked a day when the shares had a low market value on the open market, compared to other days, and that day, the shares traded at .11CAD. Now, her 1 million shares have a value, set for income, and taxation.

This RSU excersize added the full value of these shares .11CAD x 1 million to her income for 2021, and set a purchase price of .11CAD for taxable capital gains, or loss when sold onto the open market.

I hope this clarifies what some thought Cathy, and others were buying shares, what they got , were freebie house shares, and as Richard Cushing said yesterday  "

 "The RSUs can only be redeemed for shares. If redeemed the RSU count goes down and shares outstanding goes up." ..... Richard 
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