Well, that’s an anti-climatic wrap, get it signed and fire the entire BOD/Trustee asap, and move to one BOD/Trustee with minimal expeditures. Should issue some shares as are permissable to allow the Trustee to operate, investigate, including a full forensic accounting.
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So, now in exchange for a 25% equity stake in AURYN does MMC/MDMN gain representation on the BOD of AURYN? 
Just what role will the BOD of MDMN have in shaping the future of MDMN for shareholders? UGH! I have difficulty even thinking about it! Certainly salaries need to be reduced drastically since there is so much less to oversee (for the benefit of MDMN shareholders). 
Is the 1.5 billion share cap still in place?
If 5 percent equals $50M, does that mean 25 percent should be worth $250M?
This is most likely the answer.
If our 25% equals $250k does that give our stock a rough value of .18 without the 15% of Nuoco?
Mdmn gained 10% more ownership of private company AURYN for our World class deposit ADL. If we pay 50 million dollars for 5 more percent of AURYN that means the valuation for AURYN must be 5 billion dollars?
As usual, there is no shareholder representation (vote) on this.
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If would be nice if someone would decipher this update???
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You might double check your math.
What does the end of this mean…
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 will be starting negotiations of the surface rights with who to continue its exploration program…Are they talking MDMN or somebody else?
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Great call Mike Gold. Thanks for the ongoing support.
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This is exactly as has been telegraphed by those who are actually following the bouncing ball. MDMN gave up $100M for an extra 10% of AMC. So it’s 25% total. As many have been inferring it’s a bit of a joke to consider the current valuation of AMC at $1B so MDMN is giving up a lot now (10% is nowhere near a true $100M valuation) for a bigger piece of the pie and theoretical upside down the road.
I have to laugh a the “option for MDMN to buy $50M for 5%.” This is kind of like rubbing the reworked deal in our face. AMC ain’t worth anywhere near $1B so MDMN exercising this option ain’t going to happen but the folks at AMC are trying to reference this absurd valuation (or potential valuation) down the road.
Like I said in an earlier post, if we want to use this “funny math” CDCH would/should be worth 20 cents today and is why CDCH is better value than MDMN (17 cents today) if we assume 270M shares outstanding vs $1.5B outstanding for MDMN (a likely number given the unresolved debt).
The key now is taking out the trash (current BOD). Minimizing any new share issuance, considering an audit of shares issued to insiders and controlling the burn rate (expenses) while we wait to get bought out.
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This is an interesting announcement, not so much for short timers like me, but those that have been in this for a decade plus and have been fed the WCD worth billions and billions. The BS funneled throught the rumor mill, bogus deals with Partners A and Ulander, the claim swapping merry go round, etc. It all ended today.
End results, minority interest in a private company, no mega millions of dollars, no divy, no share buyback, no leveraging a disconnect, no area code changer.
In the end, reality took over, MDMN is flat broke, run by _________ fill in the blank, and screwed shareholders left and right.
As a kid, had one of those bozo punching bags, no matter how hard I punched, Bozo popped back up. Shareholders need to as well. Let reality sink in. There never any interim payments to MDMN, not escalator clauses to allow the option price to increase…
D Day is here and reality is what we got. Good luck to us all.
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Sounds like a bunch of BS as per usual
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