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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

Comment by Wayned52on Apr 22, 2022 11:28am
126 Views
Post# 34623810

RE:RE:RE:RE:RE:RE:RE:Turning Point

RE:RE:RE:RE:RE:RE:RE:Turning PointYes , before the fee price mentioned was $400 and at the time I said peanuts considering the amounts involved . Something is very odd about all this . Maybe the shares are held in a fund that individuals can`t sell out of . These guys read these boards but are tight with information .
  Anyway it makes little difference to the final outcome .  Dato`Sia is very firmly in control of this company . He doesn`t need to buy it .  If all 325 million shares are voted he controls 15.5% .If you add in the 20 million shares held by directors that I assume wanted him on the board then he has 21.5 % of the vote .  There are already many others who would vote with him and also lots of dormant shares.
So he is very solidly in control . Why would he spend any more buying MMY and take many years to get his money back when just by waiting a few years he will get his $25 million back many times over.
All depending on the gold price of course .
    I`m pretty sure he has no interest in selling Murchison either . Why not let ODY do all the work . In the end they have no mill and very unlikely to be able to get the money to build one . So in the end MMY gets it all .
  Just sayin`
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