Monument Mining Ltd V.MMY

Monument Announces RSU Grants

[SilverNS]

Gotta admit that this was a slap in the face this morning

Monument Announces RSU Grants  
 

Vancouver, B.C., April 16, 2021, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces it has granted an aggregate of 3.9 million restricted share units (the “RSUs”) to its directors, officers and employees pursuant to the RSU plan.
 
The Company’s RSU and stock based option plans are aimed to compensate and reward its directors, officers and employees for working towards the Company’s long term objectives and in alignment with the shareholders’ best interest. Out of 3.9 million newly granted RSUs, 1.1 million is granted as a part of the director’s fee restructure where the cash component has been significantly reduced; 1.7 million are performance RSUs rewarding their milestone achievement upon closing of the Mengapur transaction; and 1.1 million are granted to incentivize management to achieve the milestone target completing Selinsing processing plant upgrade.        
 
The new RSU grants have brought the total outstanding RSUs to 14.5 million to date, leaving 7.6 million shares   reserved available for grant under the plan.  

[nozzpack]

Whether it is RSUs or stock options , their granting always raises shareholde hackles. RSUs are a company’s promise to give you shares of the company’s stock or the cash value of the company’s stock when they vest. At current prices, vesting means in cash you will receive income..not capital gains..which is fully taxable. If you are forced to take shares, the market price at vesting is used

[tsoprano24]

Yeah, bit of a slap. I would like to know more on the "significant decrease" they mention. Also, are they rewarding themselves for selling Mengapur? Didn't we take a significant loss on that? Did they reward themselves when they bought it? Also think it strange to reward management for doing their job. Some might say that is what they are paid a salary for. But, with all these

[romara]

This is what I posted April 12/21 ...... Richard romara (250) User Actions   April 12, 2021 - 09:11 AM 38 Reads Post# 32976315 RE:RE:promotion If they spent less money on Director's fees, now it is  ($70,000.00 plus each director per year), We would be able to have our story told better then what the Board of Directors, and management does now As per a

[Sharegar777]

The RSU granting of shares should not come as a surprise. This scheme was set up a few years ago. You can trace it back by reading through the RNS's.  Would you prefer a company with no incentives for management that would therefore not align them with shareholders?  It is well known that incentives are excellent tools for generating success. A challenge for Romara and anyone else

[romara]

We all have our own opinions, on what is best for own investment portfolio ..... My aim is to expose the current and past Excecutive Officers, and Directors self dealings, and lack of concern for the shareholders in Monument Mining Limited   ..... In mho.... this is a positive action ....   Richard

[tsoprano24]

Sharegar, a few counter points: "This scheme(your word) was set up a few years ago." Wasn't around here then, but were they doing anything good that deserved more compensation above and beyond their salaries and over payment on BoD compensation? I would assume since their price was so low that they weren't doing anything special.  As to a company with no incentives, I would

[nozzpack]

We have a shareholder activist group here which has been acting in our best interests by forcing change. Now that changes have been made and our share price is responding, we still have shareholders ( maybe) who continue to look a gift horse in the mouth. So, my advice to solve both sides, is for the whiners to sell their shares as they obviously have no confidence in management. Only idiots

[romara]

nozz, .... are you talking about me, .... when I post Positive Post (the facts) about management's managerial indiscretions??              .....  Richard

[deiwel]

fyi the rsu were adopted by the agm, so that's nothing new

[romara]

This is what I posted April 12/21 ...... Richard romara (250) User Actions   April 12, 2021 - 09:11 AM 38 Reads Post# 32976315 RE:RE:promotion If they spent less money on Director's fees, now it is  ($70,000.00 plus each director per year), We would be able to have our story told better then what the Board of Directors, and management does now As per a