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Bullboard - Stock Discussion Forum 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... see more

TSXV:MMY - Post Discussion

Monument Mining Ltd > Dato and potential buy out
View:
Post by Gazoo2021 on Sep 03, 2021 11:37am

Dato and potential buy out

Dato is an astute business person, who has taken Monument Mining for the big ride.
He sold Megapur for 98 million and got 25 million shares of MMY.

He played Baldock, Cathy and Graham at our expence.

Now he is in a position, to take over Monument for less then he received for Megapur.
A 200 million dollar asset for a fraction of the cost and Monument.

I'm in the market adding, as what ever occurs should at a minimum double the share price.

Like my previous posts, we must be prepared to have complaints filled to the regulators if we are not treated properly on a take over.
Comment by nozzpack on Sep 03, 2021 12:00pm
That scenario is an active one, professed by some objected to by others. He has just sold his Australian copper mine that he bought with Mengapher funds in 2014, making a nice profit. Shortly thereafter,he reacquired 30 m shares of Monument. So, in simplistic terms, buying MMY would provide him with another Malaysian mine  and another  mine in Australia. If the price is right, I am ...more  
Comment by Gazoo2021 on Sep 04, 2021 11:26am
In the past Graham had control over Goldmet's 54 million shares as noted in the 2014 financial statements.  Now Malaco shares on controlled by Dato. Something is going to occur real soon. Based on Makaco site I would anticipate Monument is about to be taken private and become a Malaco asset.    The Purchase price will be higher then $.12. i cannot locate the company ...more  
Comment by nozzpack on Sep 05, 2021 8:59am
The 2021 AGM usually takes place in late October or at least it did in 2020. Any unsolicited offer or going private offer might reasonably expected to occur before that date, to avoid redundancy of Meetings. I would certainly be amenable to a decent TO offer Rule 61-501 requires that any amalgamation, arrangement or other business combination (other than in circumstances which do not involve ...more