MDMN - 2016-05-16 Weekly Discussion

** further drilling at the Merlin-Fortuna targets.** http://aurynmining.com/caren-mining-preparation-commences-3/

Are they saying they have already drilled Merlin-Fortuna targets to some extent?

Does this mean that we can now depend on you not to track the BS of the past into Medinah’s and our future?

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I don’t think the enthusiasm is about what the price will do tomorrow. I believe most people have a little longer term perspective than that. My guess is the excitement is about the big sign that says, ā€œMDMN, under new managementā€.

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Right you are. The PS will now take care of itself (with a little help from the mountain and some people who know what they’re doing.)

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ā€œMASGLAS, a significant Medinah shareholder, will work in concert with Mr. Goodin to accomplish a comprehensive analysis of Medinah’s books and records to ensure the continued integrity of Medinah’s financial statements. During this process all of Medinah’s assets and liabilities will be scrutinized in detailā€

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I immediately wondered what that would entail.

Seems like they are much more interested in looking forward though.

Since Goodin has taken such a very prominent role does anyone know more about him other than what is in his bio?

He is a standup guy. We used to speak occasionally and communicate on Silicon Investor during the early days of MDMN back when SI was the only forum site. Haven’t talked with him much since then other than a brief hello at the last AGM.

He can be trusted to do the right thing and serve all the shareholders.

His bio / law firm website is public.

http://www.goblaw.com/atto.htm

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I’m also curious how Masglas can pick whoever they want to sit on the Medinah Board.

I’m curious, why wouldn’t Masglas be able to elect whoever they want to the board?

Great that he is a standup guy. Is he qualified to lead a financial holding company trading on the pinks? My experience with Lawyers you wouldn’t want them to handle financial affairs. I’m not throwing stones. I just want to make sure we are in qualified and in capable hands.

Like I asked. I’m curious. Educate me.

I’m just offering the opposite side of the equation and I don’t know. Educate me… why can’t/shouldn’t they be able to?
Ethics? don’t have control?

I honestly have no idea…

Thanks. How much control do they have? How much control does Auryn/Masglas have?

WRT your first question about how two Masglas people were added, I believe it’s the same way Vittal Karra and Gary Goodin were added. The by-laws allow for the current BOD to fill vacancies and add directors. Masglas and friendlies control the majority of the stock (imo) so my suspicion is it was an easy decision for the current BOD.

Regarding your second comment, I don’t think they’re at the point of setting this up as a holding company yet. It seems to me he’s the right person right now to provide the needed continuity to . . .

MASGLAS, a significant Medinah shareholder, will work in concert with Mr. Goodin to accomplish a comprehensive analysis of Medinah’s books and records to ensure the continued integrity of Medinah’s financial statements. During this process all of Medinah’s assets and liabilities will be scrutinized in detail. The goal of this effort is to improve the effectiveness with which Medinah communicates its results and financial condition to the investment community and the mining industry.

It would be great if that could be done and a full report provided to shareholders at the AGM along with AURYN’s pitch for the future. (Don’t know of that’s possible in 3 months.) Then maybe we shareholders can discuss and vote on it. A novel idea, I know. :wink:

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