Malaco Take over at most 56 Days awayHow can the share price remain so low when Malaco paid $.50 a share in January 2020,
If memory serves me right the stock was trading in around $.07.
Dato, is aware of the true valuation of Monument Mining and it's more then $.50 a share.
Our past leaders were not competent to grow Monument, they had good cash flow, lots of cash and a good future. They are people that are accustomed to operating junior mining companies with a past record of failure.
Then came the real deal, Monument Mining and they had no knowledge of operating with lots of profits and cash on hand. They were used to running cash starved money losing ventures.
We shareholders, like Dato seen the potential of Monument Mining.
Dato is taking over or taking control of Monument Mining and with him comes the proper knowledge to grow Monument's assets.
There are lots of good news build up within Monument Mining.
Why the lack of any recent updates?
I suspect Dato, has been busy and soon the news and stock price will reflect the new reality.
From Richard's post yesterday;
Malaco Mining Sdn Bhd (the "Malaco"), of Kuala
Lumper, Malaysia, announces that the Malaco acquired beneficial ownership or control an aggregate of 30 million common shares (collectively, the "Shares") of Monument Mining Limited of Vancouver, BC. Canada (the "Issuer", listed at Toronto Stock Venture Exchange: MMY).
The Acquisitions took place through an off market arrangement (collectively, the "Arrangement") in the amounts, on the dates and for the deemed debt settlement consideration set forth below:
Date of Sale Shares sold Consideration per share Aggregate Consideration January 31, 2020 30,000,000 CDN$0.50 CDN$15,000,000