[quote=“andy2, post:395, topic:808, full:true”]
I’m sorry is this good news or bad news for us?
[/quote] Remains to be seen. Many of us got into both CDCH and MDMN about the time MDMN had this update to shareholders Jul 12, 2007:
We are presently negotiating with more than 12 major companies, some of the world’s largest, with sincere interest in developing our Alto de Lipangue properties in Chile. Many of these entities are co-sharing their proposals, reducing the number to 5 or so groupings.
While the negotiations continue, each of these entities, being public companies, has entered Confidentiality and Non-Disclosure Agreements with Medinah, not permitting us to reveal their identities or significant details at this point of time.
Presumably the main backers of AMC were around at the time these negotiations were in play. You’ll recall CDCH traded above 0.12 and MDMN traded as high as a nickel around this same time period. This appeared in a CDCH projects page:
A joint venture agreement, with a consortium of major mining companies, may be concluded shortly. (AGM is set for Sept. 23, 2006) Cerro Dorado, Inc. will update as needed. Major mining companies have been doing work of their own on the property as of October of last year. Recent satellite photos show that their work is indeed extensive.
In early 2011 CDCH went as high as 0.27 and MDMN 0.19.
A lot has transpired since then, much of it ambiguous and/or in the dark.