L&G, what I would like to see and what is IMO feasible are two different things. And here is where I agree with Wiz.
Let’s step in time, pre-AMC, what did we have? Bifurcated ownership of MDMN Chile and a bunch of other claims. Our boys did not anything about mining and there was zero progress made towards monetizing the claims. Every couple of years MDMN would go through this elaborate process of vetting major mining companies, money firms etc., all under strict confidentiality. The results were picking the wrong partners and having fail to deliver one penny. How many years were wasted with Partner A and Ulander? How many shares were issued?
More importantly, how much work was actually done toward monetizing the claims? Zero
What was the future for MDMN? Nothing
Enter AMC, no-upfront money, but real mining people, spending millions on exploring the claims and bringing validity and credibility to the “mountain”. Do we know all the terms on the Nuoco and CDCH deals, nope, but I don’t think AMC is holding back that info, rather our BOD/Trustee. AMC is doing just what they said they would be doing.
The vacuum is on our side in regards to info and the incompetence of our BOD to convert JJ in common shares without a leak-out/limited amount of shares that could be sold in the market.
Bottom line, IMO, there appears to be a future with AMC where there was none with MDMN. Upfront cash or not.
There are really only two options
- Ride the future with AMC and whatever renegotiated deal they strike with our incompetents
- Stick to the contract and play a game of chicken, which IMO, MDMN will lose and on to Partner 4,5,6…
Question, if the share price were at $.07-$.10 would there be this anger? Now ask, who is responsibile for the share price trading where it is today. Not AMC.