MDMN - 2016-03-21 Weekly Discussion

Chiles49ers · March 22, 2016, 9:08pm

Continuing the discussion from MDMN 2015-12-21 Weekly Discussion:

After reading the rest of your post, it is plausible that an Auryn controlled Medinah could buyback shares post exercising. Like you said though, the disconnect likely sheinks considetably on the option exercising news.

The whole point if your scenario making logistical and practical sense is mining the disconnect NOW. We are trading at .014 NOW. There has been 5-6 months of agonizingly low, depressed, undervalued stock to be “mined” and that was not a priority. Perhaps it might be later on but idont think many of us are as concerned about the price not moving upon exercising of the option. If there was one thing most here can agree on was that it waa gonna take a TO or an option exercise to move the needle.

Now iF the needle doesn’t move it to a fmv then your strategy for buybacks is on the table but Auryn must be wise enough and willing enough to allocate some of that earmarked CAPEX to do so.

You aren’t off target on that, you’re off target on pre Auryn control of “lending money” etc.

Continuing the discussion from MDMN 2015-12-21 Weekly Discussion:

Continuing the discussion from MDMN - 2016-01-04 Weekly Discussion:

Continuing the discussion from MDMN - 2016-01-25 Weekly Discussion:

MDMN - 2016-01-25 Weekly Discussion

MDMN - 2016-01-25 Weekly Discussion

WHY DOES THE MARKET NEVER REACT TO THE REACHING OF HUGE MILESTONES LIKE AMC GAINING OWNERSHIP TO THE NUOCO, CAREN AND CERRO CLAIM GROUPS WHICH OBVIOUSLY CONFIRMS THE INTENT TO EXERCISE THE ADL OPTION?

The answer is very simple. When the market has no transparency for the process and contracts are continuously “reworked”, first with MDMN and now, as rumored with AMC, it becomes virtually impossible for anybody to value the underlying asset. If our BOD/insiders continue the pattern of the last decade there is risk that they accept personal concessions in exchange for reworking the existing contracts and, as an example, accept private or public shares of Auryn instead of $100M. This would NEVER be agreed under normal circumstances BUT, if JJ/Les/Chapin get compensated with the left hand while agreeing to give Auryn certain breaks with the right hand, we shareholders may be at risk. Yes, it’s a win/win for insiders and Auryn but until the abused shareholders have empirical evidence that this self-serving pattern has been broken the market is not going to assume anything.

Until/unless you finally recognize the damage of the BOD’s past actions you’ll continue to be confused by the market’s “disconnect.”

Sadly, I have to agree 100% with BE. He has hit the nail on the head with his post.

Continuing the discussion from MDMN - 2016-03-14 Weekly Discussion:

Continuing the discussion from MDMN - 2016-03-21 Weekly Discussion:

MikeGold:

Little confusing but this is my understanding as of now.

Similar to how it worked for Cerro…the Option agreement would be vacated and replaced at the same time with a new finalized agreement that goes into immediate effect when Les gives his thumb print etc at the Notario in Chile. This will pretty much wrap our investment such that it might be a good time to move on from MP and simply monitor PRs from Auryn going forward since Medinah will start to lose its identify as a distinctly different company with all news/noteworthy events coming out of Auryn.

I see little or no reason for Auryn to put out any news prior to this happening unless they(or Medinah) decide to give a heads-up that they are finalizing a new deal in Chile.

One other thing. There is an obscure rumor that Auryn will be distributing profits from the Caren mine/producton etc each quarter so its partners may receive cash as early as July this year.

Mike, do you think this obscure rumor has merit?