Post by
Malpeque2 on Nov 08, 2022 11:45am
Nozepick
Do you think that your CEO over at Monument Mining is worth $500K a year plus bonuses?
Stock valuation there is almost as bad as Gobimin with $6M market cap verses all those assets and working capital. Gobimin is about the same. Why do you think that is?
Mr. Tan has had plenty of time to reward his shareholders here for the past year in the form of a dividend or stock buyback of significance.
I did not see when the sale of the mine was disclosed that anyone was going to get $2M on a "side deal" for the sale of the mine. I have no idea whom that money went to. Just what they company disclosed, some "employees" in China. You think that might be his wife in China? HIs girlfriend(s)? His son or daughters? His cousins? nephews? Uncles, Aunts? We don't exactly know now do we.
We have a few directors who own no shares. You think they are looking out for your and my interests?
I think if Felipe Tan was going to pay out a special dividend to his shareholders on the sale it would have been announced at the sale time, or with the quarter just ended! I think the buried disclosure way down in the MD&A about some "employees" in China receiving $2M in cash against a $45M Canandian market cap is troublesome at the least. The mechanism about how and when this was disclosed to minority shareholders speaks volumes about the intent of Mr. Tan to hide it from as many shareholders as possible.