Excited to see some positive movement!
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TWITTER(X): Camp pretty much built, and they’re starting on the mills in January.
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My former CDCH shares - turned AUMC Shares - is showing a profit!
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Wish I had the AUMC conversion shares they haven’t given me.
well based on a 200:1 conversion our MDMN has gone from $0.0007 to $0.005. That is a 600%+ increase in value. I just need 3 more cents per share to b/e. Ha
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I apologize in advance but I would appreciate some guidance from people in the know. I gave up on MDMN about 8 years ago, I had about 6 M shares. I decided to take my long term capital losses, I was under the impression that they were going to be converted to AUMC, I went to my brokerage and tried to tell them my MDMN shares should have been converted and they said they had no record of that. Went to another broker I use and they executed my MDMN at a loss and some how did end up with some AUMC which they sold. So I am confused! Can anyone help me clarify what I should now own with my remaining 700,000 shares of MDMN?
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The conversion has not taken place yet and there is currently no information or plan as to when the 200:1 conversion will take place. Your 700,000 mdmn will convert to about 3500 AUMC. The formula is not exact and will depend on any existing debt or expenses at the time it happens. Some here think it could take place next year but others think it could still be more than a year off.
If you owned any CDCH that company became AUMC so that could account for having some AUMC shares while we still wait for the MDMN to convert.
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Weighing in on some of the questions surrounding MDMN and AUMC. FOMO is not an impetus for buying into AUMC for me. Personally, I’m already overweight in AUMC due primarily to my CDCH holdings and see AURYN (owned as AUMC and MDMN shares) as a growth story stock with great potential in a few more years. Strategically, AUMC on the open market has a very tight share structure. A tight share structure greatly favors PPS increasing as AURYN demonstrates an ability to zero in on production efficiency and grade that leads to an ever-increasing cash flow. This process must first play out. Letting PPS grow into the several dollar range before considering distribution of AUMC shares to MDMN shareholders is a no brainer. Currently, AUMC has no appreciable volume as a trading stock and will gain little or no attention until it’s PPS begins to be noticed as it grows into the several dollar range. Those MDMN shares are likely to finally be released in a year or two as an open market AUMC share with a very visible value. MDMN will then be able to settle it’s debts with a minimal impact on decreasing the shares the company is holding. The AUMC shares (currently owned as MDMN shares) will be released on the open market with an immediate increase in selling and buying; trading volume and an elevated PPS will make this a viable trading stock. AURYN will have an immediate rerate as a small producing company with much greater potential than it has today.
As a note to present shareholders that have cash to be deployed in the mining sector, it makes sense to me personally, to be using that available cash to invest in the many mining companies already growing production to profitable levels. The mining sector overall is at historic low valuations that may well increase in the next year as a secular PM Bull market continues to fully develop.
Season’s Greetings, and Happy Festivus for the rest of us. Wishes for 2025 to be a year full of peace, joy, and great prosperity for all of us.
EZ
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