Andy, they capped the amount of share the company can issue, but that doesn;t mean that:
The company has not issued shares for services
The company is converting loans for common stock, which are then sold into the market, and the proceeds lent back to the company. (Typical cycle).
Insider selling, remember the 165MM that entered Cede when JJ converted.
Large shareholders unloading.
My personal opinion is that these shares are coming from Les, Chapin, Vittal, JJ, Claro etc.
The shares issued and outstanding has not changed much and remains as of YE at 1,345,603,000
Itâs kind of hard to imagine selling the detached garage without an understanding of what the terms will be on the house. Iâll bet we are the only ones that donât know whatâs happening.
So lean is it fair to say we will all know by August 2017 where our fate is? Obviously Auryn doesnât need the ADL right now and can just mine Caren since that will produce easy revenue and not need to fork over the 100 million before then or am I missing something?
It seems that some are stating that Auryn doesnât need the ADL and can mine the Caren alone? The CAREN has been Aurynâs before the deal was struck for the ADL as some say. If thatâs the case then why would Auryn sign the contract for the ADL? It doesnât make any sense Medinah would not agree to the LDM and Nuoco if Auryn was to sit on the ADL and just mine the Caren. âAdditionally, during this trip, the Company met with and retained the services of a highly respected Chilean Mining Law Attorney, Jose Manuel Borquez, to provide legal services for Company matters.â
I feel very comfortable having him on our side.
Hi folks. Havenât posted before in the new board. Canât seem to find how to contact the moderators or KMT. Any help is appreciatedâŚand ughâŚhavenât found the icon to log out⌠manâŚneed better puter skills me thinks.
Hi, sailin,
Tap or click on a posterâs icon and there is a âmessageâ button. kmt is wizard now. Tap on the âhamburgerâ slashes at the top right to access some menus. Tap on your own icon ( or initial S in your case) at the top right and there is a little envelope logo to get you to your mailbox, PMs, and the little head and shoulders that says âprofileâ will get you to a logout and other stuff.
If you reference someone within your post as @username , it will draw their attention to that post. For example @wizard , admin, @newleaf , moderator, @sailin
Let me know if you need any more assistance!
Cabezon, moderator
Admin can we move the other mining stocks to the bottom So shareholders donât post on the wrong thread
.0139 and no buying pressure?? Iâm all tapped out
Anyone notice anything peculiar on former IR site?
http://www.chfir.com/client-list/?idcat=1
Is this lack of mining companies engaging in IR the calm before the storm, or just the aftermath of PDAC?
Canadian IR firms are expensive and not a lot of junior have the money to pay them. The good IR firms are $7-$10k/mo. 6 month contracts and a bundle of stock options.
We are heading into mining season, drilling, trenching, etc., the results of which wonât be known until early fall. Money is better spent on developing a project than IR. Look for the mining company list to grow around September when the juniors start preparing to lauch another round of funding.
Thanks. Just wondering when AURYN will show up.
If you look at the site, in adition to IR, they do presentations/decks. JMO, MDMN/AMC hired them to do the decks and thatâs all. Kathy Hume escorting Maurizio around PDAC is probably nothing more than courting a potential client.
OK, fair enough. Actually after AURYN lists, will it retain the AURYN name, or will it be under a Masglas banner and ticker? Did anyone notice that the WIZ titled Maurizio Cordova, the Executive Chairman of AURYN Mining Chile SpA in his new blog, even though AURYN no longer lists itâs management team on itâs website? Curious how the overall structure is coming together under a much larger structure.
For MDMN shareholders, letâs hope it is Auryn that lists, albeit under a different name as there is already a Auryn Resources on the TSX. If Masglas is the entity that lists, MDMN shareholders will be left holding a percent in a non-public majorty owned subsidiary of Masglas, that probably has set up other subsidiaries that have or will acquire other mining properties.
That is not to say that Masglas could not eventually spin out Auryn as a separte public vehicle.
[quote=âmdmnholder, post:79, topic:1051â]
If Masglas is the entity that lists, MDMN shareholders will be left holding a percent in a non-public majorty owned subsidiary of Masglas, that probably has set up other subsidiaries that have or will acquire other mining properties.
[/quote]Thatâs much like the Circular Ownership concept I posted about in another company quite sometime ago.
Now, the scenario you state as possible is quite scary and would likely continue to shaft present shareholders for the short term. Letâs hope MDMN BOD holds out to contract terms of $100M cash even if it means going down to the wire in July/August 2017 timeframe. Shareholders need ROI worthy of the risks that have been endured.
?
You really need to rethink things. You need to very carefully reread the Wizardâs comments. I will probably dump my position if Medinah for some very bizarre reason chooses to wait instead of accepting the rumored Auryn offer to exercise the option now.