The plan was aimed at increasing the reliability of power transmission, which would favour copper-based cables over cheaper alternative aluminium-based cables, said Yang Changhua, senior analyst at state-backed research firm Antaike.
AURYN/MASGLAS plans for near term and long term success. What would a 5% or 10% stake in AURYN be worth to a major copper producer in the next couple of years? Could Medinah sell off a portion of it’s shares in AURYN for cash to CODELCO (or another producer)?
Throughout the years the best thing Medinah had going for it (other than the ADL) was its shareholder community. We have different levels of experience and understanding in the markets. We don’t all see things the same way or want the same things. Some of us think others of us are nuts, naive, nasty, etc. But at the end of the day we have all put our money on the table and are an incredibly active, well connected, and loyal group. I don’t know of many other investments that have such a diverse yet united group of investors.
It’s too bad the relationship with management was often antagonistic, but perhaps that is what caused us to connect. Misery loves company.
To give you an idea of what I’m talking about ask yourselves how many stocks have their own discussion forum outside of things like IHUB, YAHOO Finance, or sites like that? We really could have helped the cause if they allowed us to. Hopefully in the future that changes as well.
Although the site activity has decreased in recent weeks, it’s still very active. Here are some stats for you.
About 25 posts per day and 250 site visits a day. Average session of 1:20 per day!!! Less than 1% bounce rate. Investors from all over the world (though mostly US / Canada.) A recent census that had well over 100 responding individuals or groups who were willing to share their stockholding totals.
Your concern for your investment in MDMN is AMAZING!
This company has just started production notice in bold how many tones/day to produce an X amount of gold/oz. Just by reading this makes me smile to know that we have an amazing property we have!!
At the end of last month, Goldsource Mines (TSX.V: GXS) announced another major milestone, achieving commercial gold production at its Eagle Mountain project in Guyana, a small country in South America.
In the last 30 days, the company processed on average about 900 tonnes of ore with a concentrate recovery rate of about 50%. In an interview with Kitco News, Ioannis Tsitos, president of Goldsource, said that they achieved their commercial production goal with only one shift per day. He added that they will soon be adding a second overnight shift to increase production.
“We have managed to achieve commercial production with ease,” he said. “I want to personally thank all of our employees and contractors for their dedication and hard work, ensuring the successful transition from commissioning to commercial production with a stellar safety record.”
The company is planning to increase its throughput to about 1,800 tonnes per day with a target to produce 3,600 ounces of gold in 2016.
Although the company’s first commercial production is nothing to get too excited about, Tsitos added that this is just the first step to its ultimate production goal of about 35,000 gold tonnes within the next three to four years.
