They would have to be buying to cover or reduce a short position, not selling. That would increase their short position.
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Question:
Why doesnât Masglas/Auryn also acquire shares of Cerro? tia
Are we expecting our crack crew to publish the contract anytime soon or are they once again dodging their corporate responsibilities. That information MIGHT help move the needle a little bit. At least it takes some of the mystery out of the equation.
What do you expect to be in the contract?
Itâs as straight forward as can be. AMC purchased all the ADL properties that MDMN owned. MDMN received 25,000,000 shares of AMC and a 5 year option to purchase 5,000,000 shares for $50,000,000.
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RemovedâŚ
Our sp in not headed in the right direction. I see no reason for mdmn to be trading below .02 at this point in time. I hope this is not what I waited over six years forâŚ
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Somebody is fing with the SP. Look how they will not let it get above .017. Shares keep getting thrown on the ASK. It just makes No sense. Anyone selling Now is losing money unless they bought 6 years ago and didnât add anymore to there position.
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If Auryn is not interested in acquiring anymore MDMN shares then they should issue a n update stating how much they paid for JJs shares especially now that they have over 400 mil. They need to get the SP rolling its at ridiculous levels.
MDMN Mkt Cap = 1.35B * .0160 = 21.6M
MDMN = 25% of Auryn.
Therefore implied Auryn mkt cap = 4 * 21.6 = $86.4M No formal resources. No formal reserves. No production.
I have a list (Yahoo Finance Portfolio) of dozens of gold mining companies that are easy to bring up and compare market caps. Of this list there are 6 companies in the $50M to $100M mkt cap range. Of these 6, all are non-producers. But all have formal reserves or resources on the basis of tens of thousands of meters of drilling more than Medinah/Auryn has and at least one has a PEA on their deposit.
One of these is Exeter Resources which has a 1,200 MT copper / gold porphyry in northern Chile consisting of decent / typical copper / gold grades that amount to 39MOz AuEq in formal M&I. Market Cap? $79M.
So - I disagree with the premise. Not so ridiculous. Let Auryn produce and get to some formal resources/reserves. Then weâll see. Until then, I wouldnât expect a whole lot. Some short term mild recovery in the 02s wouldnât be shocking but hardly a no-brainer.
If the POG resumes its climb and especially if it clears $1308 (the 2015 high), then it would be time to take another look. right now it is the producing companies, as Wiz has been saying, which are benefiting the most from the rise in POG in 2016. Why? Because a marginal company profit at $1100 can take a big step forward at $1275. If you are not producing, it doesnât mean much.
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Congratulations George!!!
I need to stop in.
Marty
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The unrelenting selling at the bid or near the bid has been helping to keep the price down. It doesnât make sense to me why an ordinary seller would sell at the bid rather than get a higher price. For years there has been talk of air shares or naked short sellers in this stock. To me, I see it everyday on level 2. The MMs are doing this kind of selling to keep the price down so they donât have to cover.
Donât believe there are air shares, well read the very recent Supreme Courtâs decision on that matter.
aminewswire.com/stories/510724790-naked-short-sellers-squeezedbythesupreme-court
Hope I did that right.
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Iâm not suggesting anything nefarious rather taking a quote that everyone here probably knowsâŚâthe devil is in the details.â
Regardless, isnât it our boards DUTY to let us know what is in the contract? Maybe Iâm wrong on that point.
For example, is the share issuance still capped? Thatâs pretty huge given past history. Wouldnât you agree?
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So you believe a penny stock should behave according to fundamentals? Also, can you honestly say you donât believe the price is being suppressed?
Itâs not going to trade like a penny stock any longer, imo.
The story of MDMN is long overdone. There is no promotion and there wonât be any. The market already knows LPâs shtick. That dog no longer hunts or any other cliche you want to use. 
Thereâs a bit more cleanup to do with MDMN. It will be done.
There is no cap and LP and the same management are still associated with the stock. AND weâre not producing yet.
First things first. Real investors arenât going to throw real money at this until several things change, imo. And they will.
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The price is being suppressed, oppressed and depressed. After the share price takes two aspirins and recovers it will be Compressed like a cat ready to strike. Should be a fun ride. Regardless like some wise person or two said quite awhile ago, watching the stock price daily can cause a concussion to those who donât see the goal posts.
So you donât think there are games being played and price is being suppressed?
I respectfully disagree Kevin. Itâs still trading like a penny stock.
BTW 850K on the ASK @ .0159
Nope. I donât.
I think there are several hundred million shares in the float and we trade 2 million a day with people trying to flip for small points or buy and sell when they have extra cash or need to pay bills.
As far as the amount of stock issued we trade very little.
As far as fair value â read CHGâs post. Anyone thinking we should be trading multiples higher from here today doesnât know how to value the market. The reason weâre not trading that high is because itâs not trading like a penny stock. No story, no pump, no catalyst.
Let AMC execute their business plan. Donât listen to the BS that comes from pumpers and from everyone who says next week this or that. Watch AMC once a month or two for updates.
Produce, drill, report. Produce, drill, report. Have an AGM. Get rid of anyone and everyone that had anything to do with the old MDMN. Regardless of whether or not it was their fault. It was their watch â remove them. Produce, drill, report. Produce, drill report. Issue a cash dividend to a cleaned up company with a reputable BOD and know that the proceeds will be distributed properly to shareholders.
Thatâs how you move the market.
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My statement was âthe SP is not ridiculousâ. I did not say anything penny stock trading.
I understand thereâs an element of people still playing the penny stock âto the moonâ shot on a single ânews event.â Thatâs everyoneâs prerogative. Does not matter to me. But complaining that the moon is just as far away today as it was yesterday does not make the moon any closer.
I stand by âthe mkt cap is Not Ridiculous.â
Hereâs my quick list for reference - they are all penny stocks (excepting AAU if you use $1.00 as your threshold). They are also mining stocks. I choose to treat them as mining stocks and members of an observable mining industry. My comments are from that perspective.
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Even if games were being played it would only matter for today and some tomorrows. For those who are in a financial bind, it matters today. For those who can wait as Auryn meets with success so will Medinah and Medinahâs shareholders, itâs an inconvenience of time The only reason that anyone should be looking to suppress the price at todays levels would be to continue to buy at these levels. Anyone looking to suppress the price because they are short the stock will only suffer a greater loss on any uncovered short in the future as Auryn develops the property and especially once production meets a level that will allow for dividends. Will that success of production increase Medinahâs share price? Yes. Do I want to wait for that to occur? No. Will I wait to enjoy the time that it does? Absolutely.
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