Hurricane Rick has always been one of my hero’s. On the occassions that I check in on I-Hub I usually see what he’s posted in response to the detractors. It reminds me of a cat playing with a mouse. Here’s something he posted yesterday in case you don’t go over there:
"LOL…yes, it’s amazing the length that Auryn Mining and the executives of Volcan Mining will do to perpetuate this “scam”. Like, let’s see…
Sink more than $4.8 million into drilling and exploration;
Hire reputable experienced geologists such as Aquiles Alegria of CODELCO and Luciano Bocanegro of Hochschild;
Acquire 150 million shares (and probably more by now) of MDMN on the open market;
Attempt to purchase 350 million shares of MDMN in a private transaction, of which they successfully purchased and had delivered 60 million shares;
Purchase 4,000 hectares of claims surrounding ADL to control upwards to 7,500 hectares thus far;
Spend resources improving all of the local access roads to ADL;
Exercise options to acquire the 3 properties (Cerro Dorado, NUOCO and Caren) surrounding Medinah’s land package;
Put one of their own, Sr. Roberto de Romano Letts, on MDMN’s BOD;
File exploration and exploitation permits and environmental impact studies with the Chilean ministry of mines;
Present at PDAC 2016 (to be publicly confirmed);
Etc.
Hmmm…What will Auryn think of next just to perpetuate this “scam” - begin mining and shipping ore to ENAMI? Begin reporting revenues? The scoundrels!!!
Listen, you will not get an argument from me regarding how poorly mismanaged MDMN has been over the years and how bad of a long term investment this has been with lost opportunity cost. Only those who have traded it have done well. Management has made HUGE mistakes, questionable self-dealings and have diluted most of this company’s once-promising potential upside into the ground.
However, the undercurrent of potential that has kept shareholders involved with this investment has always been all of the potential in the Altos de Lipangue property. MDMN should have done what is occurring now years, perhaps decades, ago, but it was mismanaged both in Chile by JJ Quijano (now removed from the picture by Auryn) and in North America. At this point if someone can’t see that Auryn is legitimately moving forward to monetize a property that by all counts demonstrates economic potential, then they are simply too blinded by MDMN’s past missteps and shenanigans and are not being intellectually honest in assessing the current state of affairs with this investment."
