Monument Mining Limited

• FC Fairlight Capital Fairlight Alpha Fund LP Q4 2025 Letter ↗ Fairlight Alpha Fund argues that junior gold miners Serabi Gold and Monument Mining remain undervalued despite higher production and gold prices. It also makes cases for Logic Instrument's certified-device niche, Shelly Group's professional IoT channel, and BranchOut Food's patented drying technology, while warning of a non-AI economic slowdown. Q4 2025 ALLOG $21MBOF $31MMMTMF $188M +2
• FC Fairlight Capital Fairlight Alpha Fund LP Q1 2025 Letter ↗ Fairlight Alpha Fund attributes its first-quarter outperformance to Monument Mining and Serabi Gold, arguing that higher gold prices, improved grades and rising cash flow create a margin of safety. It is re-screening for tariff-resilient regional businesses while monitoring Valeura Energy’s Thai assets, tax losses, buyback and debt-free balance sheet. Q1 2025 ALLOG $21MMMTMF $188MSLYG $1.2B +2
• FC Fairlight Capital Fairlight Alpha Fund LP Q3 2025 Letter ↗ Fairlight Alpha Fund argues that junior gold miners remain cheaply valued despite higher gold prices, citing Monument Mining’s operational improvement and potential rerating at Serabi Gold. It presents Beng Kuang Marine as a cash-generative turnaround, adds a small put-based short, and favors AI infrastructure businesses with valuation discipline and downside protection. Q3 2025 —

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