Medinah/Auryn - 2018 Q3 General Discussion

Hey Kevin is this still going to be a “quarter to remember”? :wink:

Should we wake up uneverknow?

Someone asked me to explain this.

Basically, if nothing were happening and we were scammed and this were dead as some on IHUB surmise, then CDCH wouldn’t have removed the Yield sign.

This is not BS and everything CDCH, AURYN, and MDMN wrote about back when CDCH acquired AURYN Mining Chile for shares, is being worked on and I anticipate will be accomplished. Certainly not having a Yield sign is part of that to start.

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Thanks Kevin for a wee bit of assurance. It would have more weight if the assurance came from the principals.

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Good luck all. I’m out. Friggin Merrill decided to do away with all low priced, OTC, Penny type trading! Sell or lose it by a certain time. Told them they should have at least grandfathered the current holders but…
Don,t feel like going through the transfer to another brokerage thing so what an ending to this. Only good thing is I have some gains I can right off with mdmn loss. It’s only fitting.
I’ll be thinking of you all. Hope something good comes your way!

oz

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They should have allowed you to open an account with another broker and wire transfer the shares. I’ve done it several times in the past. You might end up being the lucky one though, more or less forced to unburden yourself from this nightmare. Enjoy it and stop in to share how it feels to us poor “stuckholders” to be released from your bondage! LOL

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Thanks TR,
I agree and I really let the poor soul know it who did the courtesy call for them. I told him to make sure he lets his supervisors know how unfair I thought this was and how unhappy I was and how I would let others know how I was treated. I know why they’re doing it for the future but very unfair to current holders.
Anyway, I have always appreciated your treatment of others and me. Good luck.

oz

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Agreed - they should have at least grandfathered the current holders. That’s the kinda thing that sorta makes one go …
Hmmmm

oz - Do check back once in a while. There are quite a few reputable and profitable places to put that cash to work. It seems ML may just be doing their part to spread the wealth! :scream:

Merrill Lynch: Reviews, Complaints, Customer Claims, Page 5 | ComplaintsBoard

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I am sorry about that last bit of salt on the wounds although I think at least I helped provide you with some liquidity so you could get out without much drama.

It does seem like it might be another entry point about now as we draw close to the start of the exploration season, with Cerro getting their act together, with Masglas going public etc, with all the recent claims clean up work…all suggests a big partner is about to emerge from the shadows holding Auryn’s hand. (I suspect even Auryn knows that they are completely incapable of developing the mountain on their own. Also, with the work on the Caren mine stopping shortly after announcing that full production was about to start also suggests somebody stepped forward to partner on the mountain but also wanted part of the production slice. Any kind of significant JV deal would take awhile to codify and may contain preconditions such as requiring Auryn/Masglas to be public companies. Let’s hope all the ducks are almost all in a row. )

Frankly without a big partner, will be hard to get excited about this investment again as the pace of development will be too slow otherwise for anyone here to benefit or lessen their losses.

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Yeah, this is it!

I’ll suggest a beginning of how this ends up for Medinah, Cerro and the ADL, and it does remain to be seen. AURYN is determined to bring all MDMN shareholders into CDCH at a time of it’s choosing that management determines to be equitable and beneficial to all shareholders. There are some weighty obstacles to overcome for any companies primarily owned by foreign nationals meeting restrictions to directly list on the OTC. AURYN clearly is subject to these restrictions. Therefore, these regulatory requirements create logistical problems for Cerro Dorado merging directly with AURYN.

There is another, possibly easier path, for CDCH shareholders to have a direct ownership in AURYN (the underlying asset) once AURYN is listed on a different publicly traded exchange. This would take a multistep process for AURYN to gain access to the Latin American Markets, mainly with assistance by MASGLAS and it’s principal backers. Having MASGLAS RTO with Western Troy Resources would bring AURYN one step closer to this other publicly traded market. If AURYN is able to merge with Western Troy once it is dual listed, then AURYN could dividend shares pro rata directly to CDCH shareholders or make a tender offer to buy back ADL claims. It would also benefit MASGLAS Peru S.A.C. and presumably MASGLAS LTD.

First, it needs to be established that MASGLAS Peru S.A.C. is closely associated with Masglas Limited. At the time MASGLAS Peru S.A.C. completes the RTO of Western Troy Resources in October it is time for MASGLAS LTD to release news. There is a logical next step for this action that directly could benefit AURYN and the value of CDCH. For brevity, I will simply suggest this possibility as the listing of WRY.V on the Santiago stock exchange or MILA immediately after the RTO is accomplished.

Enhanced access to capital markets from Canada to Chile
DUAL LISTING OPPORTUNITY: TSX VENTURE EXCHANGE & SANTIAGO EXCHANGE, VENTURE

Companies seeking access to public venture capital markets in multiple jurisdictions can now leverage a streamlined dual listing process between venture capital markets in Canada and Chile.

Companies listed on TSX Venture Exchange (TSXV) automatically qualify for a dual listing on Santiago Exchange, Venture (SEV). A dual listing will connect companies to Chile’s capital markets, and also to the investment communities in Colombia, Mexico and Peru through the Latin American Integrated Market (MILA).
https://www.tsx.com/resource/en/1178

This would open multiple possibilities for those invested in the ADL.

CDCH: effective Aug. 14,2018 Cerro Dorado Inc. will change to AURYN Mining Corp. and a one for 100 reverse split:

http://otce.finra.org/DLSymbolNameChanges

Interesting indeed! We were expecting a name change and share reorganization, so now we will have 70 million shares OS? How many will be authorized? What does the name change actually imply and when will current and future shareholders benefit? Details needed. No trading halt or pre-announcement?

It is all starting to add up with the asset sale to cdch, asset valuation, removal of yield sign, name change, and r/s this is starting to look like a real company. I am just surprised they did not do a PR indicating this at least 30 days before. I have never seen before where they fle for a name change and a R/S and it happens the next day without at least a 30 day advance notice to shareholders.

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Highly Unusual!!!

I guess since they own 95% of the stock it makes it OK!

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BTW a R/S does not effect the authorized share count which will remain 7B unless they decide to reduce it!

There will be 70 million common shares outstanding as of tomorrow.
More information in the way of announcements are sure to come. My best guess is that AURYN has met requirements to list on the OTCQB. AURYN Mining and Cerro Dorado are essentially one company now.

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It has been reduced. In fact, the breadcrumbs were placed some time ago, but nobody noticed. :slight_smile:

https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=lILu6lCjoe2ohSK5zAAOBg%253d%253d&nt7=0

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Does this reverse split apply to our MDMN stock?

Why bread crumbs? Why not keep us shareholders of CDCH and MDMN all informed what is going on via PRs instead of forcing people to hunt for information.

Glad the news is out, disappointed how it came out!

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