agreed…and then you started talking about balance sheets and drove off the road…cash flow…if there is any, will be important…as will the assets in the ground… both will determine the private valuation of AMC
The balance sheet is in reference to two different things. One is the value that MDMN will place on its books for the private shares in Auryn, just like they did with the Alluvia shares from the Ulander deal except in this case the value of about $50 M will come off the books from the sale of the ADL asset. The second item is what the balance sheet of Auryn looks like after the purchase and also probably the income statement once they start production. The point here it will be difficult to value the market value of Auryn shares other than by pure cashflow to MDMN. .
MG are you still feeling we are going to get an update from Auryn today?
12:52:14 Buy-155,236
Sell-848,783
This is not Claro still selling. We have seen this type of selling at the bid and our sp going down for months and months with millions and millions of shares. This is the MMs who want to stop any upward price increase so they don’t have to cover their short and air share positions. It doesn’t matter if we become part of Auryn or not, they will keep up selling at the bid until we are way lower. Wake up people!
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and what can be done?
It’s funny that if you watch l2 closely you see Eterf and Cdel flipping back and forth on the same amount of shares on the ASK
Like I said last week some shenanigans going on
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Agreed - you’d have to be _________ to not conclude there are shenanigans going on here. All we can hope for is one day we get our hands on some CASH.
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Good question? We are all anxiously waiting for the news.
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MG has to be frustrated, just like the rest of us. May Auryn report something ASAP.
MDMN is going to report first this time.
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Democracy in action???
That could possibly mean that the NDA is lifted.
No not really. Just par for the course with this investment…only rarely does it go according to plan assuming we even can figure out what the plan was to begin with.
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Um. Let me be as blunt as possible. There never was an NDA preventing MDMN from being truthful, unambiguous, and clear with shareholders about what is or has been happening for the last 18+ months.
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WOW!!!
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Any idea when MDMN reports and then how much later we hear from Auryn?
News out on Auryn
AURYN Mining Chile SpA (AMC) Signs MOU to Consolidate 100% of Altos de Lipangue Project
(SANTIAGO, Chile – April 4, 2016 at 5:22 pm)
AURYN Mining Chile SpA (“AURYN” or “the Company” or “AMC”) today
announced the signing of a Memorandum of Understanding (MOU) with
Medinah Mining Chile (MMC) and Medinah Minerals, Inc. (MDMN). The MOU is
subject to final contract signing in Santiago, Chile before a Notary to
fulfill Chilean law requirements. It proposes the acquisition of all
MMC’s Altos de Lipangue (ADL) project mining claims in exchange for a
25% equity stake in AURYN Mining Chile SpA.
An option agreement has been granted to MDMN to acquire an additional
5% of AURYN for US$50 million over a five year period commencing at
contract signing. The option can be exercised by MDMN at its sole
discretion. AURYN Mining Chile is effectively consolidating 100% of the
ADL project. It should also be noted that Medinah is a 15% shareholder
of NUOCO, a company that AURYN Mining Chile holds the remaining 85%.
AURYN Mining Chile is confident the new contract will be mutually
beneficial to all parties. The partnership has improved MDMN’s mining
claims with the consolidated of a significant area in excess of 10,000
hectares. All other contracts, agreements or addendums are cancelled
upon the completion of the aforementioned MOU.
On March 31, 2016, AURYN Mining Chile, on behalf of MMC, paid all
2016 mining claim taxes. This transaction is expected to be completed by
the third week of April at which time AURYN Mining Chile SpA will start
negotiations of the surface rights to continue its exploration program
on the Pegaso Nero target. AURYN Mining Chile will commence production
on the Caren mine this year, and will continue its exploration
activities on the highly prospective Altos de Lipangue Project.
Submitted on Behalf of the Board of Directors AURYN Mining Chile SpA
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Somebody is trying to be funny. I think they missed the mark.
But if Auryn wants to buy us out now we have a base point to start a discussion from. $10,000,000 for each percentage point X’s 25.