Monument Mining Ltd V.MMY

Hammer Down

[nozzpack]

A 4 year accumulation of shares yet obviously did not vote against the Contunuance Resolution.
So, recycled management need not risk nosy truly independent  Directors asking sensitive questions .

The Hammer keeps the price in a cul de sac making accumulation easy for an extended period of time The Prince is invited to review the Selinsing operations, embarrassingly as Monument is foreign owned .
Sato, well known to everyone in the Malay chamber of Commerce states that Monument will soon be a Malay majority company .
Peranghi resources are substantial but kept secret as it is being kept from entering the valuation algorithm .

AGM approves final cheap options .

Monument announces that Sato et al will take Monument private, in the process buying out retail and spinning out Murchison as an inducement to accept cheap price of $0.25

GLTA

[yureja28]

This post has been removed in accordance with Community Policy

[pandsca]

Are you saying we can look forrward to MMY buying back our shares @ $0.25/share? I'll take that in a heartbeat.

[romara]

pandsca, .... I think, the only price they have to pay is the closing price on the VSX, the day before the offer is made ..... someone correct me... if I am wrong .........   Richard

[Wayned52]

Richard , I think it is the average of so many days before the offer . Maybe 30 ?  At any rate if an offer was made now we would be in deep do-do .   I don`t think the other insiders would stand for an offer of 7 cents .   There is also the likelyhood the a counter offer would come in from a miner with some money and lawyers that could straighten out this bizzard share

[tsoprano24]

Can't take a company private below book value. At least in US. T

[Wayned52]

Hi Tony , I didn`t mean any insult with the American greed comment . I`m just as guilty only as Canadians we are more sneaky about it . People in the Orient think about a much bigger picture than us .

[SilverNS]

Wayne you are correct

[tsoprano24]

Wayne, didn't even register. Only wanted to put the book value comment out there. Had longer post but site wasn't behaving well, so went shorter. All's good. T

[nozzpack]

There is little point in Monument remaining as a public company under Dato. Monument has no visibility traction in the public markets nor does it use the financing utilities of the public markets. So, any takeover by Dato  will be going private . In such an offer, there are two requirements that must be met in Canadian Law and Laws elsewhere. 1...an independent valuation of the

[Wayned52]

I agree with you and the price you would except .  I would point out that in Dato` we are dealing with a different animal then if we were dealing with a North American miner . Americans deal in greed . People like Dato` are empire builders even if he loses money for a decade or two .  He will get what he wants .  If we can see the situation I`m sure he does and like you pointed out