Post by
Gazoo2021 on Sep 23, 2021 6:41am
Malaco Take over at most 36 Days away
Adjusted my date by 6 days to reflect the AGM meeting date.
Turns out, my speculation was off just slightly.
Investors buy shares in corporations that are well managed and have a good future.
An astute knowledgeable experienced mining executive has spent a considerable amount of money to purchase a key position that will allow him to have control of Monument Mining.
Malaco purchased 30 million shares for $.50 a share,this with us gives him control.
Why would he buy into this mess and how will he turn this around.
Here is a couple of key items that need to be considered;
Our past BOD allowed for a small group to control this corporation.
This control group has financially benefited and we did not.
The previous process to review and analyze potential investments was flawed or the parties were not astute business leaders.
The renumerations of all key executives are too elevated considering the substantial decline in net assets, the mismanagement and the decline in share price.
How does Dato remedy this situation, he started last year and Baldock retired.
One item is certain to me, having Dato enter the picture has given us hope that we will finally have a well managed firm.
Drastic cuts are required and a new corporate direction and mindset need to be established.
The other option is to take it over and clean it up as a private corporation.
I keep buying more shares and popcorn, the show is getting more interestting.
Comment by
nozzpack on Sep 23, 2021 10:06am
You might be right. All I am looking forward to is a change in leadership whosze motivations are fully aligned with ordinary shareholders, with an ability to bring due recognitiuon to our assets. Dato's CV shows that he could be that long sought leader...
Comment by
romara on Sep 23, 2021 10:15am
Remember the Rules ...... Be carefull what you wish for ....... Take the USA for instance ..... Everyone wanted to make America Great Again ..... and look what they got .... TRUMP Richard
Comment by
romara on Sep 23, 2021 11:54am
Not going to touch it ........... Richard
Comment by
SilverNS on Sep 23, 2021 12:23pm
You would think that there would be a bunch of NRs between now and the AGM to increase the SP. BODs might feel safer if there is calm in the in the ranks.
Comment by
nozzpack on Sep 23, 2021 6:02pm
You would think so. There is no doubt that many development initiatives with timelines that have benchmarks that meet material definitions . Floatation Plant is one such. There are many more but this management team seems to have no concept of how to project the company to potential investors and that projection itself must be based on.a record of success.