MDMN - 2016-04-18 Weekly Discussion

Maybe we will hear from Mike Gold sometime this week?

1 Like

Sad to watch virtually every other gold stock including Timmons move except ours!

Whats MG going to tell you? Auryn is in control don’t listen to anyone except for AURYN or you will be disappointed

2 Likes

Auryn has always been in control. MG is a valued post and have always enjoyed reading what he has to say.

2 Likes

Thank you!

  1. Chile Trip starts Saturday.

  2. Santiago Flood did not cause any delays on the mountain.

  3. Some new buying might start shortly.(broken record I know)

  4. Another chance at resolution between Auryn and Juan/Claro during this trip regarding shares. Contrary to the prevailing opinion and misguided assumptions, this issue is far from dead/hopeless. If successful, would no doubt be a huge short term boost for the share price.

5)Shareholder Meeting…this Fall(N. Hemisphere.)

Now…back to my long nap. Wake me when something important happens!

9 Likes

Welcome back MG. Thanks for your thoughts. Next 2 weeks should be interesting.

1 Like

Wow Mike…About 10 minutes after your post, someone bought about 900,000 shares. What took you so long???

Today’s close

1 Like

MDMN is not correlated to the GDX/GDXJ. It’s a story stock that still needs to be told. I’m reminded of one of the good Doctors many responses to my thoughts on this matter back in Dec 2015:

“In order to continuously scratch your “anger itch” you keep throwing falsehoods at the brains of forum participants in order to recruit more pitchfork bearers. Recently you told us that even though the GDXJ which is an ETF that tracks the BEST OF THE BEST junior explorers is down 90% none of this applies to Medinah’s share price BECAUSE IT’S ALL THE FAULT OF MANAGEMENT. Can you recognize how sick of a comment that is and how deep your issues with management run? LEAVE THESE FORUM PARTICIPANTS ALONE. YOU’VE GOT PEOPLE IN A TOTAL STATE OF CONFUSION THAT THEY DON’T DESERVE TO BE IN.”

Sick indeed. There are many junior metals plays, along with MDMN, that have not participated in this rally. All of these names have one thing in common, they lack the proven resources the market demands to assign value. None of these stocks were or will be correlated to the precious metals sector until that happens.

In order to avoid a “TOTAL STATE OF CONFUSION” that posters like Doc create with their hyperbolic “what ifs” you would be wise to tame your expectations until we see something beyond grab bag assay results or tangible cash flow from early production. This will take a bit of time but the market will react and then Auryn will react with a swift TO. IMHO

The early TO that many of us looked for (until JJ refused to sell his shares) at the 10-20 cent level highlights the latest opportunity cost. Cashing out at the 10-20 cent level at anytime in the previous 3-6 months would have allowed people who wanted to stay invested in the space to make 300-400% in other more advanced plays. Waiting around for MDMN to go from 20-80 cents is going to take a looooooot longer than the move we just witnessed in the sector. FWIW

10 Likes

John, I’ll be OK with even a .05-.10 TO just ready to remove on from this Investment

As much as some people say we don’t know what the deposit isn’t and cant assign value because of that, I’ll add we don’t know what it is either but have good indicators
Decisions to sell will be made as we learn more IMO
With Auryn owning mdmn shares, I would think they’ll raise a ton of money on price appreciation.

2 Likes

Ok. So when this investment hits .05 -.10 I can expect you will be gone. And hopefully the rest of
the people that think like you will be gone too so we wont have this constant whining

5 Likes

Sure will rgver and you can join us :slight_smile:

Less than 10 cents isn’t my exit point. It is at least double that. But hey, you will be long gone. Good luck.

1 Like

Why is everyone sooo confident that .05 to .10 is a slam dunk???

rgver all we can do is hope my friend. Good Luck with a .20 exit

You’ll likely have little say in your exit price so save the lectures.

4 Likes

Based on this statement I don’t see a TO anytime soon.

MDMN effectively becomes an Asset Holding Company. All percentage cash flows, resulting from production on the mineral-rich Altos de Lipangue Project claims, will be disseminated to MDMN by AURYN Mining Chile SpA on a quarterly basis.

Further, the Company’s goals are to look at the real possibility of issuing cash dividends, and initiating share buy-back programs. Medinah shareholders will share in the free-carried ADL production revenues for many, many years to come.

5 Likes