All I hear today is crickets. Whatās up?
Digging into the news update and images posted. Very impressive.
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Wow Wizard, I thought maybe the site was shut down. All this news and volume and price actionā¦ no one is talking. Lol
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Q 1 2021 ā OBJECTIVES
- Start selling ore (mineral) to ENAMI for processing or smelting, permit pending and expected to be obtained within this period.
- Start new Fortuna Tunnel construction to improve access ability and size.
- Establish a camp with suitable service buildings, support infrastructure, and power suitable for new protocols related to COVID-19.
- Increase production, initially for this quarter, to a target level of 40 tons/day ore.
- Review and study the potential of a concentration plant at the mine site, including a mobile gold wash plant, vibrating screens for separation, and an ore crusher.
- Start a collaboration program with a prestigious Chilean university. Auryn Mining Corp is pleased to announce, in cooperation with Universidad San Sebastian, that their faculty members and alumni will be conducting field practices at the Altos de Lipangue property site. The goal is for their Civil, Geological, Mining and Environmental Engineering students to learn, study and analyze different topics related to mineral careers. Topics of focus: environment, safety, future expansion, engineering developments, metallurgy, mining, geotechnical, etc.
- Develop environmental campaigns with the local community to develop a clean adjacent area to the mine and remove historic waste from the zone. Repair and rebuild stone walls and other structures damaged by the passage of time and beautify the water ponds where local animals come to drink water. Reaffirm company commitment to develop inclusive mining practices, done in a safe and clean way.
Not a bad way to focus on the 1st quarter, 40 tons of ore daily as wellā¦ things are definitely looking up.
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Another day on good volume. How many shares is it going to take to get this thing moving up?
Meh. IMO, weāve been here before. How many other times over the years have we had āupdates.ā I feel we are so far beyond āupdates.ā Just get it done. Donāt tell me your going to do something. Do it! Then tell me what you have done and how it benefits the company. I really donāt want an āupdateā as to what you think, might could be done with the dirt, or you have some samples, or your going to build this, or Dr. so and so gives us a thumbs up. Get the mine operational! Process the whole damn pile of dirt! Come back and tell us āWe have processed X tons of rock and we have earned Y oz of gold, we have sold Y oz for Z price and we have banked the cash.ā Give me results. I feel this āupdateā is more continued puffery. It tells us nothing. It states what they could, might, maybe will do, not what they have already done, no real results.
Letās go through each one: 1) dewatered old mine. As someone said, didnāt they say they did this a year ago? Water separated for analysis. They havenāt analyzed yet. No results, means nothing. 2) Started production of ore, ore stockpiled, samples submitted. Great you have piles of dirt. Didnāt you have piles of dirt before? They have no sample results. No results, means nothing. 3) More dirt from Fortuna. Average grade of 2oz/ton. First bit of real results. But not not spectacular because its just a sample and they havenāt actually processed the 54 tons and banked the cash. Butā¦54 tons x 2oz = 104 oz x $1800 per oz, approx $190k. Yeah itās money. But Iām not retiring tomorrow. 4) Main vein analysis of 85g/ton. Again second bit of real results, but didnāt we have sampling results from main vein before; and, it doesnāt really mean much as we donātā know how many tons of main vein ore exist and they have not processed any of it and banked the cash. 5) Great, help the kids. Means nothing to us. 6) started experimental work. Not completed, no results, means nothing.
So the long and short of the update is āwe have piles of dirt which have some gold in it.ā Iām not wasting my time going back to see how many old āupdatesā have said the same thing. We all got into this because we felt they had piles of dirt with gold in it. So, this āupdateā benefits us how? IMO, they havenāt told us anything. Two small parts saying testing in two different areas have good gold. Great!
But you still have done nothing with these sampling results, processed ore, and banked the cash. The company makes money mining and selling precious metals, not making piles of dirt and testing samples. All itās caused is additional speculation on this board. IMO, means nothing as it has no real results.
Unfortunately, I feel both old and new management have sent too may of these āupdatesā which are nothing more than puffery. I feel they do not have any credibility and I will not get my hopes up or believe anything they say unless and until it specifically states what has been completed and what effects the completion caused to the project and a company as a whole. Show me the results, show me X tons of ore shipped to Enami, show me the ore processed, show me the money in the bank. Tell me you have run 100 tons of ore through Enami and you have recovered X oz of gold and other metals and you have sold those metals and banked Y number of dollars into the account. You tell me this. Then, I can begin to believe you are moving forward. Everything else, Meh.
Iāve, from a long time ago, written down my substantial investment in MDMN/ARYN as worthless. Doesnāt mean Iāve gotten rid of it. Just it has no value right now, and Iām completely ok with this current situation; but, I will not believe in this investment or get my hopes up for anything other than real results and money in the bank.
I like the geological and financial analysis provided by others here. Itās way above my ability, but Iāve learned quite a bit from everyone about the geology and financing of mining. I do thank everyone here for their contributions. I feel as a group, everyone here brings certain viewpoints and knowledge to the table which makes each of us better informed. Nothing I said above goes to this aspect. It goes to my feelings and opinions. I have not given up on MDMN/ARYN, and I hope I can add more to the discussion in the future, but unfortunately, I feel I canāt do so based upon this āupdate.ā
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Relax - itās going to take consistent quarter after quarter of execution. Me thinks this time is different though.
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I have a similar but at the same time very different take on the update. Iāll share later.
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Over 18 million shares traded today - high volume again.
Brecciaboy must be buying on the QT (which could explain his newfound reticence) - donāt tell his wife, he said he might find himself in traction if she finds out.
I would add if Auryn actually achieves their 1st Quarter goals, we will be in a far better place that we are now. Heck if they achieve them by the 4th quarter, that would be something!
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I would be hesitant to buy MDMN at this time, to be honest. They have announced that now they are going to issue a dividend of the AUMC shares to shareholders. I understand that they canāt tell us when theyāre going to do that because they donāt know when theyāre going to sell shares to pay their bills, but in the meantime every share of MDMN that gets purchased effectively dilutes the dividend for the rest of the shareholders. Is there an ex-div date on this or what? Unless thereās something I donāt know or understand, which I hope is the case and certainly is possible, the more shares purchased from now until the dividend, the less number of shares each SH should expect to receive as a dividend. If my brain has been infected by the ghost of covid, please someone step in and help me out here.
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I just noticed all the activity and announcements a few hours ago. I just want to let everyone know that I had 16,000 shares of AUMC in one account I just couldnāt stand looking at anymore and sold for $.16 in December (whoever got those - āyouāre welcomeā). So I think I am somewhat responsible for this thing taking on a new life. 
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Jakāsā¦ so sorry somebody stepped in your cheerios this morning 
. Iām not that excited about whatās happening, but then again yesā¦
I along with pretty much everyone here have lost more money and time than I ever expect to get back in returnā¦ but hearing whats happening is better than absolute silence in my opinion. No Iām not getting any hopes up but at least I know as TR said āitās aliveā and if there is a little hope Iād rather pass that on and keep not only the communication connection with the company but also the continuing support we show each other in this site. Hopefully we will see the production numbers you want and other positive and more informative information in the near future.
Until then I am willing to read the thoughts and info some of the other shareholders have to offer.
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How did you manage to sell for .16? I think Iād sell all my shares for .16 immediately if somebody wanted them.
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AUMC not MDMN
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I didnāt see where any new mdmn shares were issued and thought they would base on 2.8B outstanding? Arenāt these shares simply trading ownership?
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So another question then is, do the AUMC div shares get issued according to the number of shares held by investors or the total outstanding number of shares? Sorry Dentman, I wasnāt inferring MDMN issued any new shares.
Thanks for providing the fuel CHG! 
Rich, Too funny but yet sad for Cornhusker. Timing right?
Nice to see the board is alive again!