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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 Nov 25, 2022 10:20am
198 Views
Post# 35128007

Synopsis of the AGM Vote

Synopsis of the AGM VoteManagement stated that they had more then 90% of the shares voted for management, in which managements total shares are  63,320,700. This 63,320,700 is only about 20% of the existing stock float

That means the shareholders that voted against management less then 10%, which is 6,320,700 shares.

It looks like the 10 percenters are the following on the Stockhouse Board.

With our (dissident shareholders) 10%, it doesnt look like we can ever control what management wants.

Total float for MMY is roughly 330,000,000, total shares voted are about 70,000,000, which leaves about 260,000,000 shares that were not voted. I wonder who these people are .... maybe they have given up on this stock, and written off their shares.

When management refuses to provide the voting results from an AGM, you will never get to know how active the shareholders are, almost like blind investing.... everything looks fantastic, until you get involved ..... then you find out.


......   Richard
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