Wiz was kind enough to accomodate my request to start a new topic for discussing other stocks, maybe a new topic called “Flame Throwers” could be started where folks can go and throw insults at each other.
Yes, I have thrown a few myself over the past months, but this is getting out of hand.
I am a 9 year investor in MDMN. I’ve been through the wringer a time or two here, listening to both the bashers and unabashed PUMPERS (you know who they are), and then the Bubbles type, pumping mercilessly using obviously incorrect assumptions and using passive aggressive language as a shield when their fictional statements are blown up by real world examples and published company statements ($50 pps, scaling $100mil, auxiliary contracts, the list goes on and on). I have learned to sniff out the BS and call it when I see it… And who are YOU?
Or some “Time Outs” could be given until we have an opportunity to read both Auryn’s and Medinah’s updates concerning the newly signed contract, once published.
We just had a poll offered suggesting this forum be opened to the public. If the contract updates are to be of the quality and content that caused new eyes to explore the web to find out more information on what should be a new future for Medinah, I don’t think I would want someone coming here for first impression’s.
There comes a time when adults should act like adults. This isn’t the place to throw mud at each other or the time.
For the common observer, Bubba and Baldy are not speaking the same language.
I hope I do well. I hope the mountain has the goods. I hope I make a lot of money. Want to know what hope gets you in the market? It gets you crucified and taken for a ride for twenty years by people who are telling you everything is rosy, rosy, rosy.
The proper investment discipline would have been risk assessment and due diligence.
What are the odds of it being a really nice property on the surface but uneconomical when you try to produce it?
What are the odds of it becoming an environmentally protected area making permitting nearly impossible?
What are the odds you’re in earthquake city and your mine gets shutdown for 4 years?
What are the odds the country you are in has a coup and nationalizes all the mines?
Whose names are on the titles and are they clean?
Are the financials transparent?
What are the financial capabilities and track record of the people running the show?
What is my personal financial situation and how much capital can I deploy into this investment?
Given all the above, what type of return should I require given the risks and alternative investment opportunities?
You could add any number of questions to that list.
l won’t assume that you all were as naive as me. But I got in this with a penny stock investor mentality. It’s cheap. It sounds like they’ve got a good deal. I’m a gambler. I trust the person who told me about it. I can buy a good number of shares and make a big score quickly.
The reason stinky pinkies exist is because there are people who prey on the ones who invest according to the penny stock mentality.
I know others disagree, and I may be wrong, but this is my opinion about MDMN. Medinah was a stinky pinky from the start. JJ had a good property and unbelievable dreams and no idea how to explore and develop it. He also had little business sense. LP and ID were standard Vancouver paper pushers from that period in the markets. The three of them hooked up and MDMN became a public company. It really didn’t matter if the project was good or not. Back then you just needed property and a promoter.
I don’t think any of them knew how to build a real mining company. Thank God for the ADL being what it is. Otherwise all of us old-timers would have been sunk! Thank God for GC financially backing this and not letting it go belly-up. Thank God that LP realized that with the ADL he actually had a tiger by the tail and didn’t let JJ take the property and go home. Thank God for AMC coming along and actually doing the work and demonstrating value and rescuing MDMN from oblivion, 3B outstanding, and partner D,E,F, and G.
My $0.02 for the day. 
Peace.
Wish all us long time MDMN shareholders had this prescient advice years ago: http://www.silverdoctors.com/gold/gold-miners/sprotts-thoughts-on-miners-management-management-management/#more-65980
Gold up to 1265
Mux making another nice move up .15 so far
These are the words of a person who has this situation in proper perspective. What does one expect when he buys a penny stock? Best thing to do is encourage management to continue on a positive path. Bashing will get none of us anywhere.
I couldn’t agree more. The last thing this investment needs is public access to some of the outlandish commentary on this board. Penny stock mentality translates into a stock trading in the pennies. There has been some very useful work offered on the geology side of this investment but, when it comes to valuation projections, “buyins.net” market maker blame games, and reinterpretations of otherwise clear news releases coming out of AMC, any outside investor will instantly be turned off by a seemingly uninformed shareholder base.
I’d suggest we wait until after receiving a steady stream of releases from AMC before making this board “public.” It also might make sense to wait until we have a respectable BOD in place with a company that is current/accurate on it’s financials, etc. All of the above should be accomplished following the shareholder meeting.
I’m NOT a mini BE. I’m a 74 yr. old investor in MDMN you sits here and reads the BS on this forum, and try’s not to insult anyone and everyone.
Here comes some buying…Trading over .016…Good follow up day after yesterday’s gains. Let’s just hope the MM’s do not walk it back down, although it seems like we have some decent bid support at the moment…
Brazil resources and first mining finance are both OTC stocks… So is Nesle. There are plenty of OTC stocks that choose to report accurately, regularly and reputably. I’ve seen a couple of others mentioned by @Baldy but I don’t recall the names
Does anyone know if management is still in Chile? I know it states 23-30
Yes. Today was another important day.
orgold1
"It was once posted on Theminingplay that s Scottrade manager has a huge short position on Medina, and was determined to put Medina out of business. Was that posting even possibly true, and could that have any bearing on the current SP problems???
oldone"
Interesting… I too would like to know if this was posted, and if it has any merit behind it. I hold a nice MDMN position with Scottrade.
Mike…Mike…Mike…Mike…Mike…Spit it out…Thanks…Two days and very little selling…
Gold up 1275
