Thanks WIZ, I agree with everything you just posted. Probably one of the most important recent posts on this forum’s current thread. Also, I’ll add that we will all get our AUMC shares distributed one way or another when the regulatory path is clear as either an allocation or dividend from ownership in MDMN. It makes no sense to promote Auryn until MDMN shareholders can directly benefit from ownership in MDMN in a substantial way that benefits all shareholders (i.e. both former CDCH owners and present MDMN holders). There is no reason to primarily benefit only the relatively few current shareholders of AUMC (there are actually only about 2.5 M freely trading shares in the float) who can directly benefit from increased liquidity and trading today if information was aggressively publicly promoted. Strategically it just makes sense to bring value to AUMC through free cashflow, quarterly disclosures of mining activities, regulatory progress of increased permitting, and the clear path with defined timelines to distribution of unrestricted AUMC shares to MDMN shareholders.
But it is really no surprise given all that has occurred since in Dec 15, 2017 when AURYN Mining Chile SpA sold it’s mining claims to Cerro Dorado. There was a tortuous process to bring us to where we are today with this investment. Yes, looking forward is where we should all be looking, but it is important to remember discussions and expectations we had at the time that were speculative, and still are, but to a much lesser degree. There is probably good reason for not allowing previous direct quotes from previously closed Quarter discussions of years past. I know most everyone here has lived through this adventure and doesn’t like bringing up the past. But at the risk of recalling our history, I think it would be of benefit to reread some of the lively posts from the 2018 Q2 General Discussion that occurred prior to the company’s name change and the dreaded “cone of silence”.
Then, as now, I see illiquidity as quite likely strategic and purposeful. When I look back, what I see is a carefully mapped out strategy to navigate the regulatory requirements needed to eventually file with the U.S. Securities and Exchange Commission and become a fully reporting company. Then the question that was being asked at that time will be answered. “Does AURYN still intend to move onto the OTCQX® or OTCQB® tier of OTC markets?” I believe that is where management is steering this company. That’s the company I want to own!