Auryn/Medinah - 2021 - First Half General Discussion 🗓

467

I couldn’t have said it better.

How’s it going, George?

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468

uh. I almost broke even today.

any idea what is going on?
45M says that someone knows something.

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469

I don’t know why MDMN would bounce, and not AUMC?

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470

was looking at the same thing.

471

AUMC is bouncing now

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472

white hot. small volume.

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473

Wow, somebody knows SOMETHING, obviously. Maybe we will get news … ???

474

Starting to think something POSITIVE might come out of my MDMN holdings after all - and now glad I had the good sense to average down. We’ll see. The company needs to tell us what’s happening - it’s not looking good that there’s all of a sudden a lot of volume but no news - looking like there are leaks, which is not good.

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475

No leaks they told us last update what there plan is. You have 2 choices buy on that news or sell

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476

I think I’ll hold and see what the news says - maybe better than expected?

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477

I thought the MDMN-related part of my life was behind me … with a number of valuable and expensive lessons learned … but the AUMC price alert I got today on my meager holdings caused me to search out this board.

I’m not even going to ask what’s going on, I’ll do some reading, but I just wanted to say hello to a number of board names I have not seen in quite a few years.

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478

But then again, “expectations” are … low.

With all the stuff going on in Chile (i.e. changing their constitution), anything can happen.

479

Let’s assume someone is front loading on inside info. I think if that’s the case mostly likely the buying will stop, the price will go down for a while and then the real action will start at some time in the near future. We’ll see… exciting day.

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480

As always…Timber!!!

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481

This might be a taste of what is coming if something leaked out there will be news on the way which makes this a buying opportunity. If nothing else we have action IMHO

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482

seen this several times with companies. today was a huge day. you don’t typically have 70x normal volume without something significant coming. Makes me more comfortable to hold for a while.

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483

AUMC 6-1-21 Daily
AUMC 6-1-21 Daily819×483 128 KB

DD, you are quite right. Golden cross at the beginning of the year may have something to do with it, along with slow methodical progress on the ADL,

AUMC 6-1-21 weekly
AUMC 6-1-21 weekly799×478 129 KB

Accumulation has mostly been quite noticeable for the past year and half as seen on the weekly chart above. We are all awaiting news on production from the Fortuna and restart on the high grade Larissa Adit which was left unextracted (see ADL Project Update - January 30, 2017).

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484

FYI, following were the objectives of management, as published by Auryn in April 2021:

Q2 2021 – OBJECTIVES

  • Intersect the Don Luis vein and begin exploitation on multiple fronts with regular shipments of ore to Enami. AURYN will ship to two different processing plants. Material with grades over 25 g/t Au will be shipped to one location for direct smelting. Grades below 25 g/t Au will be sent to a second location for flotation processing. [my emphasis]

  • Continue developing the tunnel to intersect two massive, known structures encountered during previous trenching operations. (See: trenching program update.) These structures are each greater than 2 meters width in the trench. AURYN expects to intersect them this quarter.

  • Continue our geological studies and assessment in order to increase production and establish reserves.

  • Explore the feasibility, timing, and permitting requirements for the development of an on-site concentration and processing plant.

  • Execute a second agreement with the Universidad de San Sebastian to further analyze the entire district including, but not limited to:

    • Feasibility of a Flotation Plant project;
    • Evaluation and feasibility of improving roads and access;
    • A new evaluation of La Fortuna and Lipangue district geology; and
    • Feasibility of an infield lab for gold, silver, and copper results from samples taken from the area.
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485

Don’t forget they also mentioned they expect to be cash flow positive Q2 or Q3😉

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486

100s of thousands traded on MDMN today. Somethings seems to be brewing.
I’m hoping it’s the last chance to average down.

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