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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 Gazoo2021on Nov 08, 2021 6:37am
223 Views
Post# 34098578

Shareholder’s Note to CEO

Shareholder’s Note to CEO
Dear Chief Executive Officer

We would like Monument Mining and yourself to succeed.

One item that is difficult for us shareholders to understand, is the lack of a corporate strategic plan to ensure a proper valuation of the corporation.

Would it not be possible to consider a share buy back program to help elevate the share price to help achieve the  proper valuation of the corporation.

Capital expenditures are going to be required for the foreseeable future, we all understand that item.

If possible, we would like Monument Mining to undertake a share buy back program to an amount of $2,000,000.00 over the next 12 months. This could occur at any time the share price is at 50 % of the corporation’s book value.

This would elevate the share price and would help Monument Mining to secure better terms for a flow through funding if required in the future.

With so many potential projects in the pipeline, a flow through funding could be required due to a bonanza find in Australia. There is elevated interests in our Australian assets.

We would like actions taken to have Monument Mining listed on the TSX.

As you are aware, we would like our Chairman to retire.

You have an opportunity to take positive actions and increase the share price

As a shareholder, this is an important item that reflects on the value of the corporation.

Thank you for your considerations to these items.

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