That should be the case. I mean isn’t the LDM a skarn of unlimited dimensions etc and the biggest remaining in S. American? And all of it being next to infrastructure? Of course with Les & Juan having been a conduit of much of the information, it is hard to say exactly what to expect with the LDM. The geology there is extremely complicated. However, there was a lot of geological information that was shared that supports the notion of an economically viable deposit of both gold and copper. Looks like we only have a couple more weeks of waiting before we know what Hochschild is going to do.
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From the early days of Medinah, shareholders thought things were pretty brutal.
I don’t know who posted it, or if the person is still around, but the post went like this:
If ever I am tied to a chair, with jumper cables attached to my parts,
I will look at my torturer and say…
“This ain’t nothin’!.. I survived Medinah!!”
I think it expresses the feeling towards this stock of many of us still here. 
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I thought that was what the wife told me, if I looked at another mining stock!
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I think the only thing that sparks this stock, is LOI changes to JV/else plus silver and gold take off
This was probably one of the hurdles western Troy and masglas had to get past before moving on with proposed RTO…This was agreed on November 29 of this year and last update from western Troy said they would hope to have everything finished with masglas by end of November.
https://www.nasdaq.com/press-release/western-troy-and-canada-revenue-agency-reach-settlement-agreement-20181129-01127
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Funnyman…
I don’t know why you haven’t gotten a response, and I have only seen your last two posts so I may not fully understand your situation, but you are aware that MDMN is either eventually going to become AUMC or give us a dividend of AUMC shares, aren’t you? None of us knows how this is going to be done yet, but each of your MDMN shares is worth approximately .00558 AUMC share. You might want to hang on to both of them for now. If you must sell one or the other, MDMN is the more liquid of the two. Hope this helps.
Not half a share. Each MDMN is supposed to convert to .00558 AUMC shares.
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Thanks for that. Another reminder to me that multi-tasking is not my bag!
The 0.0058 was the conversion factor applied to compare CDCH shares to MDMN shares, not AUMC shares. AURYN is already holding the restricted AUMC shares. 1/2 share is approximately the conversion for each 100 MDMN shares owned. If shares are distributed as a divy, then 0.0058 is the correct factor applied. Anyway you look at it, MDMN is due a divy or conversion to AUMC shares.
FYI - I created a new topic for Other (Non-Mining) Stocks so that we don’t clutter up the MDMN/AUMC thread with OT discussions.
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Maurizio is trying to accomplish something with a mining investment vehicle. Perhaps with Masglas going nowhere, he will refocus his efforts and making something out of Auryn instead?
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We can hope.
It was a “messy deal” at best that certainly could NOT be completed by the Dec 3 deadline or within an additional reasonable extension of the deadline. Resolution of the CRA was cited, but does not seem to be the deciding factor, even though it was only resolved as recently announced on Nov 29.
https://globenewswire.com/news-release/2018/11/29/1659731/0/en/Western-Troy-and-Canada-Revenue-Agency-Reach-Settlement-Agreement.html
Given the requirements of the RTO there was not a 1 for 5 consolidation of shares, nor did the required $500,000 private placement by WRY take place.
https://static1.squarespace.com/static/54da74ade4b0cecc7658ba2e/t/5be15ca3562fa7667f71ee40/1541495972009/05.11.2018+WT+PR+RTO+Update.pdf
A refocus on completing goals for uncovering the full length of the 42m intersection of the main vein in the Larissa adit and beginning exploitation should be keyed up.
Perhaps also announcing potential JV partners for completing exploration and exploiting the Fortuna, Las Dos Marias, and Pegaso Nero targets would be on the horizon for 2019. Shareholders are waiting for news without digging for it!
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Let’s hope we have better news coming in the next couple weeks.
I’m focusing on this part: “We are keeping the door open should MASGLAS be able to better define a source of funding for the RTO”
It appears just like Auryn, Masglas has no funds. Not really surprising considering current market conditions. And why should there be any funding? To put it plainly, Maurizio has done a HORRIBLE job promoting both investments. With even a modest effort on his part to keep shareholders properly informed, we could have done a lot of the promoting for him like we did for Medinah and attract some investment. He has made our investment so boring that it is more interesting to watch paint dry! Even here on MP, the focus of discussion on this investment, there is more meaningful discussion about bitcoin, marijuana, and other mining stocks than Medinah/Auryn! I am not one who enjoys criticizing Management as many know but really even I have my limits for patience. It has just about run out for Auryn to prove themselves worthy to develop the mountain of gold they own. The final straw will be whether they can consummate the Hochschild JV or not.
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I like the MikeGold who is critical of management.
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I don’t - because that means that there is a darned good reason for him to be critical, as he is always very positive.
If Hochschild wasn’t going to consummate the marriage, I don’t think they would have put a December 15th deadline on signing the JV knowing that they can ask for another extension. jmo