Sometimes it’s just a matter of Sweet Lemons, Sour Grapes. WhatRYaGonnaDo?
There are a number of people holding very large positions in mdmn after putting significant money into it and I’m one of them.
It’s great that AUMC is getting going but the grapes for me and others are going to be very sour unless the distribution of AUMC shares takes place.
I suspect there are more shares floating out there even after those LP created were found and this is the main issue why shares haven’t been distributed. We watched the games mms played for years shorting the stock and would be quite gratifying and profitable to see the potential short squeeze of the century if true
Now it’s possible the SEC has influence regarding what to do with the distribution We are locked out right now and I hope we aren’t going to settle for some BS low $ buyout.
I met with a high level mdmn director after the Vegas meeting (not in Vegas) He had been to the property and explained how visible the mineralization was to the naked eye.
I have no doubt regarding what the property can produce but again will be sour unless mdmn gets their slice of the pie!!
You make good points. But, there is absolutely ZERO reason to believe MC will, (1) defraud shareholders, or (2) fail to follow through with the deal. Remember that MC owns a significant interest in MDMN (the largest shareholder?). Do we think he wants to screw himself? He also owns about 62% of Auryn, right? Logic tells me the right thing will happen …… and MC’s past actions tell me he will do even better than he is required.
While I agree with your overall premise, he doesn’t screw himself by MDMN getting screwed over, since that all falls back into his own lap at AUMC. Just saying
I find it VERY odd that you are worried about getting screwed on the MDMN shares where I see almost no risk but not worried about debt obligations or the mines profitablity/viability based on having a pile of dirt of indeterminable value. Assuming they get permiting (not zero risk) and assuming they get that plant built and hooked up to power with access to water (not zero risk) and are able to process this material profitability (not zero risk) you still have no idea if the grade carries enough value to pay down the debt (not zero risk) nor do you even know the details of the debt repayment (massive risk).
Stocks with zero risk don’t trade the value of a hoggie sandwhich on a daily basis.
Are you equating “hydrogeological studies” and “negotiations with energy suppliers” from a year ago as satisfying disclosure for the projects critical infrastrucure??! You really are in over your head.
Just for fun. Compare your “critical infrastructure” disclosure from a year ago with what these companies should be disclosing to investors at this stage of development:
November 10, 2025 – PPX Mining Corp. (TSX.V PPX; BVL PPX the “Company” or “PPX”, including its Peruvian subsidiaries) is pleased to announce that it has received the Directorial Resolution No. 0912-2025-ANA-AAA.HCH dated November 5, 2025, from the Water Administrative Authority (“Autoridad Administrativa del Agua”) of Huarmey Chicama, a regional branch of Peru’s National Water Authority (“Autoridad Nacional del Agua”), authorizing the execution of water utilization works for the Igor CIL and Flotation Plant (the “Plant”), currently under construction.
The Plant, designed with a capacity of 350 tons per day, will produce dore and precious metal concentrates from ore mined at the Igor Project. This authorization marks another key milestone as the Company continues advancing the construction of its gold and silver processing facility and securing the necessary permits for commissioning.
The Directorial Resolution specifically authorizes the installation of a 1,770-meter-long metallic pipeline and the construction of two pumping stations that will transport water from 3,070 to 3,570 meters above sea level, covering a vertical elevation difference of 500 meters. Construction activities are scheduled to commence in November 2025, with completion expected within 98 calendar days.
If MDMN fails to deliver Auryn shares to MDMN shareholders, MC most definitely does get screwed, as he is a very large shareholder of MDMN. Whatever dividends that are allocable to MDMN shareholders does not just disappear - they would have to be held is trust or escrow. Why would he screw himself? No reason whatsoever. Does he really want litigation against …… himself? Please.
Plenty of risk here John, but being unable to pay off the debt and losing the asset is not one of them. Keep spouting scare tactics and pumping PPX, you’re losing some credibility.
Even at 5gpt there’s ~10koz of gold. Even at your $2k AISC estimate that yields $20M. Stop already. Its math John, you can do math. Even if they had to ship it for processing if shit goes wrong with the plant can’t they yield 25% of that, $5M?
Plenty of risks still for the long-term investment perspective but losing the asset to a lienholder with that much out of the ground already seems ridiculous to peddle here as regularly as you have been. Call it a <2% chance, is that better? Hardly enough for you to be posting it as a real concern here.
Back to the real concerns, yes you are grounded in saying that the $20M operating agreement is mysterious. That is not the debt agreement. But its a massive weight on the transparency needed for this investment.
It’s comical that anyone thinks that I’m pumping PPX on a board of broke old men (apologies, and ladies) who don’t even have enough dry powder to add to this investment with no risk and unlimited upside. Any reference is meant to make a very simple contrast b/w bare minimum disclosure and the “AUMC cloak and dagger” disclosure and to provide perspective on realistic timelines. Which have been accurate.
We can make a gentlemen’s bet on the value of the stockpile. Mark the post. As previously stated I’m rooting for these guys to commission the plant. Can’t wait to witness the reaction on this board as people begin to grasp the realities of real world mining vs spreadsheets on a message board.
Never said it satisfied full disclosure, just that the 2024 update is NOT absolutely “NO INFORMATION” as if the thought of arranging that hadn’t even crossed their mind.
If ppx is SO far ahead, why is this disclosure from just 4 days ago? They just finally got around to it themselves.
I’ll take Auryn’s 72 Million share structure EVERY day over a 921 Million share structure, even if there are zero holes drilled and production rates are lower. A simple spreadsheet, a 28,000 ton pile of ore, and knowing where your veins go is good enough for me.
PPX Mining has advanced its water-infrastructure for the Igor processing plant by (1) securing formal accreditation for water availability on 11 June 2024, (2) completing a rigorous Geotube tailings and water-recycle testing program in June 2025, (3) advancing tailings and drainage infrastructure by September 2025, and (4) obtaining on 5 November 2025 full authorization to build the pipeline and pumping stations to supply the plant – all reflecting a clear design of water recirculation, minimal fresh-water use, and strong environmental/social alignment.
You can find press releases covering all of the above steps. To be clear, I’m not claiming that PPX is a role model of disclosure. They are pretty average. To reiterate my earlier point: AUMC has NOT provided any information on steps they have taken to advance their critical infrastructure (water/energy).
Its your perrogative to be happy with the level of disclosure. Mr.B is good with a spreadsheet and a pile of ore. Just don’t expect to make any money in this investment because the “market” needs a lot more. There’s a reason why you own one of the only PM stocks, amongst hundreds/thousands(?), that has not gone straight up. And its not because of a lack of promotion, there’s nothing to promote!
Hey Hairless One, you still don’t get it - we do not CARE what Mr. Market says, all we care about is receiving those dividends that’ll be coming to us on a regular basis in the near future, and they’ll be coming to us at a higher rate than those coming from a company that has 921 Million shares outstanding, as I’ve already pointed out to you. AUMC will be able to produce at a much lower throughput and at much less average gpt and still match the dividend rate of the NI 43-101-compliant company. Write that across your forehead!
I won’t make a deal with you - for reasons I will not state.
But, I will definitely update the page I made to record your predictions, which by the way is becoming a multi-page document now.
Moving target, but at least now you’re moving in the right direction because on October 23, 2025 you stated there would NEVER be dividends:
“No, I don’t expect investors to EVER receive a dividend, and upside will be limited without an actual resource but, eventually, investor flows will trickle down to the laggards.”
But, don’t worry, you said there will be plenty of time to “observe”. I actually think you might be right on that one point, and it’s precisely because AUMC is not drilling-out/reporting/marketing - there will be less demand, certainly none from “tutes” (as they say these days) and mostly only from us existing shareholders.
You’re onto something there, mrbubba. Whenever Auryn demonstrates significant advancement or resilience, the tone and substance of negative predictions seem to adjust accordingly. Instead of fading away, doubts and forecasts of failure shift form.
Im not moving any targets. I’m happy to give you even odds on there never being a distribution but that’s a bit unfair (because there is no time limit). Offering 10 to one odds isn’t a ringing endorsement!! How does that reflect a change of sentiment? LOL
The fact that you won’t take it is telling. When the rubber meats the road and real world analysis and actual money enters the picture, the “story” falls under its own weight.