American Sierra gold if bought, we want cash not shares.
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Is there a new topic or have folks stopped posting while we wait for Auryn?
And what is there to post about while we wait to be regularly updated by Auryn?
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Well we could discuss other things. After all, this website does mention that we are āa family of sortsā. Why not discuss other topics that interest people while we wait? Cultivate friendships, etc.
Maybe Iām in the minority, but Iād prefer that this thread just sticks to discussing the stock and related events rather than adding or encouraging filler discussion ājust becauseā or to make the forum appear to be active. I donāt enjoy logging in at the end of the day and seeing 25 postsā¦then reading nothing but whining and filler. I personally donāt want to have to scroll through idle chit-chat in a stock forum, particularly when logging in on my cell phone. Or at least keep the idle chit-chat to weekends. Itās actually OK if there is nothing going on with the company and nothing to talk about. As my Dad used to say, use the downtime to go out and do something constructive.
PS - This message isnāt meant to be condescending or negative. Itās just my opinion that itās OK to resist posting when nothing needs to be said or it has all been said before.
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Good luck with that! (referred to TSXV not to HR)
To add a little to an otherwise dull conversationā¦
http://www.mining.com/the-worlds-highest-grade-gold-mines/
The current highest grade active gold mine in the World is the Fire Creek mine in Nevada coming in at 44.1 grams/ton with about 172,000 ounces of reserves.
I think it is at least possible the new Merlin Mine could surpass that for at least part of the mined veinā¦certainly the amount of gold on the top of the Plateau as a whole is in the several million ounce range at a minimum with grades 10 plus easy which could place it in the Top Ten list.
When the rest of the investor World finally realizes just what Auryn has discovered, the share price will finally reach levels most have been hoping for. (Obviously, we need production to start and grades be determined via production or drilling first.)
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You continue to post this idea publicly and I continue to respond with the same thing.
Let me be perfectly clear. Things are being done. If you donāt like the way theyāre being done or the pace things are moving at then feel free to setup a site and build consensus and move forward in a direction.
Iāll be happy to post a link to your site.
Not everyone sees the world the way you do and I can tell you a large number of shareholders (myself included) will not be aligning with some of the ideas youāve been putting forth.
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IMO- I think you are looking in the wrong direction. The past was and may in part still be in play unravelling the decades long clusterā¦k.!
Going forward is with Auryn is not the past with mdmnā¦nperā¦anmpā¦ etc!
The fabrications and conscious obfuscations over the PAST decades are a slippery slope. So much crap was used to cover up lies and manufacture distractions.
I do not believe Auryn is anything like or should be compared to the past. Donāt let
your anger and resentment spoil your futureājust a suggestion. I have certainly been there and itās not good.
I am NOT saying to let LP and gang be rewarded in the future. That must end. If a clawback is possible- great. But now is the time to think forward and not harness Auryn with our utterly destructive past.
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You donāt want balance or consensus. You only want your view.
Others have provided alternative views yet you insist that your view is adopted. This includes going after LP, JJ, GC, et al. It includes revealing the share price of a private transaction between Masglas and JJ. It includes your view that JJ / Claro were insiders selling (when we donāt know all the facts.) It includes doing whatever is necessary to move the share price, even if itās inappropriate and borderline P&D. You donāt know whatās going on and you donāt know what your actually asking people to do. Your view of what the current company valuation is unrealistic based on the environment weāre in. You want to operate at lightening speed when the world doesnāt work that way.
I get youāre frustrated. But you have no control and little balance. Itās not your way or the highway.
Whether you like AMC, Maurizio, or anyone else, it doesnāt matter. They own 35% of the outstanding and with a small group of other shareholders easily control 50%+. Things are going to unfold the way they want.
You control maybe 15-20 million shares. They control 400+ million (Masglas) and 300+ (small group.)
Iāve made it very clear in many posts what I believe the direction of the company should be. A couple of friends and I represent 100+ million shares of that small group. We are doing the best we can do influence the direction.
If you want to control the pace and direction, then go buy or organize a group of 700+ million shares.
Masglas / AMC have put forward a plan in their last two releases. I am all for what they are doing and they have my full support.
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When I want to know what Auryn is doing for us I go to the Auryn website.I see real money being spent on exploration and the opening of the production phase. I like what I see. As more new and real information is available I expect I will see it at the same place in a timely fashion. What is your evidence that Auryn is being less than straight up with us?
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You really are missing the big picture.
If you cannot see from reading the previous contract and then seeing what we ended up with that AMC is on the side of the common shareholder youāre not seeing clearly.
Under the previous option agreement, AMC could have squeezed cashless MDMN until it had nothing! They could have gone into production on the Mantos Azules claim and left MDMN hanging until it was dead. Not to mention that it was AMC that did all the work necessary to consolidate the ADL mining district and remove JJ from the picture. Until that happened, our investment was never going to get anywhere!
Did you read how AMC is financing exploration moving forward?
If you cannot see from this that AMC is on the side of increasing shareholder value then youāre blind.
AMC could easily raise $20 million for exploration and development. Issue shares in AMC that Masglas and friends purchase. Put a cash call in to MDMN for their portion, and dilute MDMN and all their shareholders. Thereās not a thing you or I or anyone else could do about it.
Theyāre not doing that. They made it clear what theyāre doing and the time frames. Masglas is financing the exploration and production, interest free for 12+ months then at Libor+4%.
I donāt know what world you live in, but Iām thankful I have an opportunity to get out of this with a gain after what weāve gone through and what easily could have happened in the past and what could happen if Masglas and AMC wanted to screw the common shareholder.
Masglas owns lots of shares. Friends of Masglas own lots of shares. They are in control. Iām thankful for that. I now consider myself a friend of Masglas regardless of not having any official relationship. In that respect I support what they want to do with AMC and MDMN. I know many other common shareholders of MDMN do as well.
If you donāt, thatās your call. Come to the shareholder meeting, listen to what they have to say, then speak your mind.
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I sure see it and I agree, we have it directly from AURYN/MASGLAS:
Our focus will initially be on the exploitation of the recently discovered Caren-Merlin high grade gold veins, as well as the historic Fortuna de Lampa mine site. Mine site preparation at the Caren-Merlin area is set to commence the second week of June, 2016, and will last approximately two months. Production will begin immediately thereafter in compliance with applicable regulations. We are confident that we will attain out production goal of 5,000 troy ounces of gold for 2016.
The expected production for 2017 is conservatively set to be over 25,000 troy ounces of gold.
Note the initial exploitation is permitted and underground, not open pit.
and indirectly from a poster years ago who laid out how itās done by the book:
Truck shipments to Enami, for processing are impossible to do, first because the value of the shipment will be less than the shipping costs, and second, Enami is not going to take it, because of the low grades.
Open pit, will require a completely different approach, a mill, a processing plant, etc. We are talking about 30 million dollars investment, to kick start production, in about 18 to 24 months. For this, LDM, or better yet MDMN,NA with the other 9 claims, needs, not only a partner with financial resources, but with mining expertise, in order to economically develop an open pit.
The problem here is that in order for a mining company to start an open pit, and put money into it, it needs to do certain studies, and take the whole process by the book.
A real mining company, will not offer up front cash for this, but instead, sign a mining option, and go from there, as set milestones are accomplished.
Everyone should see where money for an open pit on the Fortuna is planned to come from and quit lamenting on the past. The focus is clearly moving forward on the future.
and AURYN states:
AURYN is also preparing the required mining application in order to obtain the required permitting for an open pit at the Fortuna de Lampa historical mine site.
After permitting is obtained, the mine preparation will follow, and production is expected to start during 2017. Actual production from this site has not been taken into account for our preliminary 2017 production estimate. We will update as soon as we have this data available.
Focus has changed from LDM to the Fortuna, but the development cost for an open pit start-up is likely comparable for installing a mill, a processing plant, etc. ā¦ $30M or more ā¦ initially coming from the Caren-Merlin area that AURYN has already permitted and largely explored.
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Kevin, there really are many that do not know how close we came to disasterā¦ Not one person was willing to again step up and pay the bills for MDMN let alone pay for any type of drill program or actual mining no matter what percentage or how much return was promised on the dollar.
While I do believe in staying vigilant in the affairs of Medinah, I also am thankful and am looking forward to seeing things move forward.
If L&G wantās to go after what ever he can muster up, congratulations, go for it, do whatever you think you need to doā¦ Just PLEASE do it somewhere else!!!
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MDMN was also worth a lot more in 2015 when the option agreement was signed than when it was modified in 2016. Just look at the price of any of the metals whether it was copper gold etc. Copper prices went straight down and MDMN became worth a lot less. .Auryn had the legal right to walk away from the option deal and my guess they would have done so if the deal had not been changed. MDMN would have died and neither you nor I would have had anything.
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