Thanks everyone I appreciate the help
From Aug 22
We expect to sign the definitive agreement in the coming weeks with work planned to begin on the property in early September
It’s been over a month and early September is past tense.
If the agreement has been signed and work has begun, it would be nice to know.
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I believe we will see updates in fouth quarter, hopefully sooner than later…
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Sure would be nice if WE could get something like this:
September 26, 2018
Freeport-McMoRan Declares Quarterly Cash Dividend on Common Stock
PHOENIX–(BUSINESS WIRE)-- Freeport-McMoRan Inc. (NYSE: FCX) today declared a cash dividend of $0.05 per share payable on November 1, 2018 to holders of record as of October 15, 2018 for its common stock.
FCX is a leading international mining company with headquarters in Phoenix, Arizona. FCX operates large, long-lived, geographically diverse assets with significant proven and probable reserves of copper, gold and molybdenum. FCX is the world’s largest publicly traded copper producer.
FCX’s portfolio of assets includes the Grasberg minerals district in Indonesia, one of the world’s largest copper and gold deposits; significant mining operations in the Americas, including the large-scale Morenci minerals district in North America and the Cerro Verde operation in South America. Additional information about FCX is available on FCX’s website at “fcx.com.”
[bold emphasis provided by me]
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I’m still trying to get my mind wrapped around this…
One Mining District – One Company
The Altos de Lipangue mining district has always had the potential of being a successful mining region but claim fragmentation and lack of vision prevented it from being so. It took AURYN several years to consolidate the claims. It is time to combine the companies and give all the shareholders direct ownership in those claims.
To this end Medinah plans to satisfy its financial obligations as quickly as possible and distribute the remaining assets to our shareholders before ceasing operations. We anticipate this will leave 1.61 billion shares of CDCH to our Medinah shareholders pro rata. This is a ratio of 0.558 shares of CDCH for each share of MDMN that our shareholders own.
Merry Christmas and Happy New Year
This is the reason I expect news to start rolling.
If it’s bound to the values of Auryn, I would suggest that there would be nothing left in the cupboard “full disclosure” of all that is going on. I’m looking forward to financials, the fine tuning of the loi… And a few other tidbits that need to be tydied up…
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Is there still a window for arbitrage here?
Continuing the discussion from CDCH - Discussion:
How does this 5x percentage of AMC figure into any arbitrage consideration? Is this only important before full conversion/distribution of MDMN into AUMC? If so, it seems that the current 0.00558 ratio is not in line with the current trading price AUMC. [(0.558 X 1.30 X 5)/100] = 0.0363 or is it simply .00558 X 1.30 = 0.0073 that MDMN should be trading at? Whichever guideline one may try to use it does not seem MDMN is close to what had been considered early on. Arbitrage is not being looked at by many here, IMO.
(added edit) simple math arrives at present value of MDMN shares as 0.00728 based on 2,882,282,073 total shares OS and 24.848% equity interest in the 65M shares of AUMC and an AUMC price of 1.30. This does not take into account the 11,650,000 shares of AMNP and 29,150,000 shares of CDCH described in the latest June 30 Quarterly Report. Will AUMC go up with significant news, at least until all shares become unrestricted?
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You got it Easy,
I think positive news rolls out in fouth quarter… Not the big bang we all thought about year’s ago, but also not where past “people of importance” were taking us ( can u say crapper), looking forward to seeing news…
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I’m out of my CDCH position at an average of ~$1.35 (took awhile) with a 30% loss and will look to take a portion of that to add to my MDMN position (where I also took a loss, awhile back, to add to my CDCH position). It’s very difficult to know the actual arbitrage opportunity given the levels of massive dilution and corporate governance but for those that are arguing for a buy and hold strategy…or a hold and hold (ala Brecciaboy) it’s time to wake up. Months and years will pass. A static investment strategy is just lazy.
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Ouch! That hurts! 
By the way, little disappointed that we haven’t heard back from Auryn about the JV being finalized.
Perhaps it is stuck at the Notario? The horror…the horror…the horror! :(
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it’s all going to happen…
…NEXT WEEK…!!!
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Nice one!! Lol!!!
You guys are really beginning to bring back some bad memories 
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No, we’re waiting for Homeland Security to clear the funds.
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Freeport-McMoRan Announces PT-FI Divestment Agreement with PT Inalum
To download a PDF of the release, please visit the following link: Freeport-McMoRan Announces PT-FI Divestment Agreement with PT Inalum
OMG stop LOL
I think one of the directors broke his leg & can’t do any writing !
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Fourth quarter starts NEXT WEEK!
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I think management is talking to some Swedish guy.
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Ha ha ha. If it wasn’t such a painful reminder of my stupidity, I might really laugh.
Regarding this JV, not worried in the slightest. 100% positive it’s a real JV with a real company.
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“foad”
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