Monument Mining Ltd V.MMY

Malaco Take over at most 47 Days away

[Gazoo2021]

Just as a clarification, whether or not a Malaco offer is forthcoming does not change the tremendous investment opportunnity of presently owning Monument Mining.

I believe we are on the verge of an offer and it will be in around $.30.

Regulations indicate we will be treated fairly.

https://www.tsx.com/trading/tsx-venture-exchange/trading-rules-and-regulations/market-regulation

Division 2 — General

Making a bid

98  A person must not make a take over bid or an issuer bid, whether alone or acting jointly or in concert with one or more persons, except in accordance with the regulations.

Recommendation relating to bid

99   (1)When a take over bid has been made, the directors of the issuer whose securities are the subject of the take over bid must

(a)determine whether to recommend acceptance or rejection of the take over bid or determine not to make a recommendation, and

(b)make the recommendation, or a statement that they are not making a recommendation, in accordance with the regulations.

(2)An individual director or officer of the issuer whose securities are the subject of a take over bid may recommend acceptance or rejection of the take over bid if the recommendation is made in accordance with the regulations.

Repealed

[nozzpack]

$0.30 cash and spin out Murchison to shareholders on a 1 Murchison share for each monument share and I am in ...

[nozzpack]

Book value is a very solid reference point for takeovers . As of March 31/31, Selinsing had a book value of $89.7 million US which is about $115 million in CAD. A tad higher than $0,30 per share in CAD. Murchison had a book value of $33.7 million USD or about $42 million in CAD...about $0.15 per share in CAD. So, $0.30 per share in cash to each shareholder , and spinning out Murchison to

[Wayned52]

nozz , where would we be without you ?  If we go another week with still no news it might be time for mild concern. You may have to step into the lime light to represent common shareholders . You may not want to bring all those problems on yourself .  When the time comes we might be able to get you on the board of one company or the other . We are a little ways from that yet but be

[nozzpack]

Freddy has his own views and rationales as we all do. Diversity of opinion is always welcome. I suspect that assays are late arriving, so they may defer the annuals until those initial ones are available for release. Or with much more in projects and project developments than 2020, it might take a week or more to prepare the 2021 report. Or maybe Gazoo knows something. With so much on the go, it&

[GoldenEra]

This post has been removed in accordance with Community Policy

[nozzpack]

Goldie, yes. We are emerging from shrinking production and limited working capital, that with the entry of the majority shareholder to the BOD ,a few months back, who forced the sale of Mengapher to provide $30 million US in extra cash to fund the Floatation plant and drilling of our cornerstone Murchison project in Australia . Try a bid of $0.12 in the absence of news ..