You’ve always been here. Maybe not as a shareholder but, based on family ties, you certainly have been following Medinah since the last century. You appear to be fully aware of Les’s ties to Medinah and JJ going back long before you bought into Medinah. Yet, you are now a long term shareholder.
Fortunately my investment here is not based on solely any of the above. However, I do consider your list along with a number of other considerations. I do consider the information that list provides and look to evaluate it based on how it fits with other information and sometime just plain common sense. Perhaps that is the key point here. I evaluate it, not totally believe it or totally discount it. That’s the reason I provided the following partial post a few week ago.
MDMN discussion for week beginning Continuing the discussion from MDMN - 2016-04-04 Weekly Discussion:
Yes, I will continue to evaluate everything while accepting very little as an absolute fact unless it can be proven as such.
Once again you appear to jump to the conclusion that Medinah management is so stupid that they could never enter into an agreement that could be beneficial to both Medinah and AMC. Medinah has 20 years of waiting accomplish a decent deal. True, AMC may have been able to cleanly walk away form the ADL option and continue to develop the Cerro/LDM claims for early production but there are a few unknowns’ that might have prevented that. We don’t know if there was a side agreement that prevented AMC from accomplishing certain required task before they could begin production on the property that Medinah continues to own 15% of and the other 85% was transferred to AMC by persons who have a vested interest in Medinah stock. We don’t know if Medinah management was willing to let AMC go into production right up to the ADL claim border, allow the option to expire, and then execute another deal with someone else. (We’ve seen that happen before.) We don’t know (but I will assume) that both parties actually did look for a win-win that would allow them each to see the property developed into a series of working and profitable mines and they actually did come together with an agreement to accomplish that.
I believe that If both sides negotiated with my attitude then they had all the elements available to meet with success for all.
On the other hand, if both sides negotiated with your attitude then I fear we could be screwed.
Looking forward to reading the outcome.