Better than stories from Les
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It has been quiet! The last we heard was that Cerro had met conditions of the MoU and that AHC was moving forward with the final contract. I think we may be awaiting an announcement from AURYN on the finalization of this contract with CDCH (installation of AURYN affiliated officers and loan details) before Cerro’s OTC filings can be updated and approved. I don’t know what else could be causing the delay in becoming current with OTC filings.
It looks as though someone has been quietly attempting to accumulate some shares. The low OS is a bummer for the buyers, but is sure going to make things more interesting for us than MDMN will be whenever it moves up again.
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i just need this to move already not looking for a miracle run just something that shows me we got life in this still
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If nothing else, in Cerro we own a stock with a tight OS that could be an attractive vehicle for someone looking to go public. I believe good things are coming for us. Just don’t know when. In regards to both MDMN and Cerro, it seems to me if the news was bad we would already have been told. There would be no reason for the prolonged silence and I believe that Kevin wouldn’t be so cruel as to torture us for all this time only to tell us that either company was dead. I believe in both cases the silence is golden. We just need to keep what little thread of sanity we have left long enough to endure whatever process is going on behind the scenes. Just my opinion.
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It will happen eventually but we just have to wait a bit longer to get the ducks in a row. It’s moving slowly…slower than most want (even Kevin), but there hasn’t been any setbacks (that I’m aware of) to the goal of merging the companies and having Auryn trade publicly. Unlike past management, Kevin keeps tight lips so most likely we will all wake up one morning to news detailing the next steps for MDMN to move forward. I’m anticipating this to occur well before the end of the year. It would be nice to have the plans made public before or during the next Chilean drill season so that shareholders have a bit of guidance on the next phase of this investment; however, we may have to wait for Auryn to be publicly traded before that occurs. That’s where I’ve set my expectations for now anyway.
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https://www.otcmarkets.com/stock/CDCH/filings
Filings up to Q1 2017 filed. Showing a yield sign instead of a stop sign. I understand Q2 2017 filings are about ready then we will be up to date
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It appears the list of “new officers” due July 31 may not yet have been filed.
Must be “waiting” on documentation approval of items submitted to OTC, IMO.
Jose M Borquez Yunga and George Young are still on documentation listing management.
Has Business registration been updated?
I’m thinking CDCH becoming current could be a catalyst for Auryn.
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I think you’re thinking like I’m thinking.
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Could it be more than just getting current?
I happen to think it could be what Baldy was discussing here a few months ago… that Auryn could use CDCH to go public in the US markets. Wouldn’t it be funny/ironic if after all the bashing Cerro got over the years that, because we have a more manageable and Un- “F’d” stock that MDMN gets moved into Cerro along with Auryn and THIS is the vehicle that goes forward? I don’t know if that’s what will happen but if Baldy is talking about it then it’s more than just a wisp of air. I for one would LOVE LOVE LOVE it for several reasons.
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Agreed. I like that possibility.
What would be the share conversion if that happened Rich? Sorry I am a little unfamiliar on that process and what it would entail to bring MDMN into CDCH and what it would mean for existing CDCH shareholders.
would be hilarious, actually.
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I honestly don’t know how it would be done since I think the value of each share of each company must be considered aside from just looking at the number of shares. I think there are over 9 shares of MDMN for each share of CDCH so I guess that could be a simple starting place, but I imagine the math is more complicated than that and a mathematician I most certainly am not.
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Conversion of MDMN shares into CDCH shares:
Assumptions:
(1) Auryns value is $100million ( Arbitrary )
(2) Only assets owned by MDMN and CDCH are Auryn shares
(3) MDMN O/S shares 3billion (for simplicity)
(4) CDCH O/S shares 300 million (for simplicity)
Calculation:
Value of MDMN is $26.5million ( .0088 per share )
Value of CDCH is $5million ( .0167 per share )
Total value of combined companies is $31.5million
$31.5million / .0167 = 1,886,227,545 total outstanding CDCH shares after the merger with MDMN
MDMN shareholders will share 1,586,227,545 shares of CDCH
1,586,227,545 / 3,000,000,000 = .5287
For each share owned by MDMN shareholders prior to the merger, they will recieve .5287 shares of CDCH.
So, an MDMN shareholder owning 1million shares pre merger will now own 528,700 shares of CDCH.
Proof:
1million shares X .0088 of MDMN pre merger = $8,800
528,700 X .0167 post merger = $8,800
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CDCH Q2 2017 Financials out:
https://www.otcmarkets.com/stock/CDCH/filings
Maybe just the attorney letter for these and then the yield sign goes away and they become current.
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Yep. Then a flood gate of news. JMO…
Nice to see .01 on the ask.
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