And the info is coming from Les.
Thank for great job
Taff
As I feared, the snowstorm did indeed materialize and has disrupted the start of drilling. Drilling should commence sometime next week after things melt/dry up.
Mike, do we know how many rigs theyâll be using?
MG â Is there any intel on what the recent meetings were about? Thnx.
Testing 1 - 2 - 3. Posts must be twenty characters long.
Rig(s) plural-donât know more than that.
Meetings have variety of purposes and per rumorsâŚseems to be addressing everythingâŚevery scenario. Who knows what they have accomplished or what they will come back with?
Kevin nice job with the new siteâŚstill here hanging out in the shadowsâŚ
It looks like the old site is now responding, at least for me!
Sounds like men getting together to make sound business decisions - discussing ALL topics. Thatâs what anybody with a brain would be doing in this specific situation - lotâs of number crunching must be transpiring. But, if management is travelling to a multitude of locations, there must be more than just talking going on âŚ
@Admin, It looks like there are a few people on the old site that have registered several times and have not received their activation codes for this site.
I like the new site and format. Is there a repository for all of the history and due diligence that has been gathered? While Docâs posts refresh themselves with certain ideas and due diligence, thereâs a lot that has been discussed and put into context about this investment besides. I really value the maps, geology reports, changes in ownership and the narratives of how this business is likely to unfold. Over the past 6 years that I have been in this stock itâs the hard data that keeps me going. Iâd say it keeps me from selling, but it doesnât help to be in at $0.085 when itâs trading at $0.023. Iâd love to average down, but Iâm as all-in as I am going to be. This was a âhot tipâ in 2009 and got really exciting on the ride up to $0.19. But since then . . . you know the story.
Could have went to spam. Gmail sent it right to spam and I had to report it as not spam.
@Admin, grasshopper, and Chileâs49ers waiting for activation codes
Let them know Iâve activated their accounts.
If the other forum is back up for good and people want to move their, no problem with me. Iâll let GC and Cabezon know how to create weekly threads here. And you all can decide how you want to move forward. Either works for me.
Keep it to MDMN & CDCH
I agree keep it to the two topics.
I think that this site is the better of the two. We may loose the history but this site is more stable, faster and a lot less ads and spam.IMHO We will, no doubt build a new history as this site gains more of our members back and the discussions move forward. 
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Medinah Minerals Inc (OTCMKTS:MDMN) Stays Calm Under the Pressure
Medinah Minerals Inc (OTCMKTS:MDMN, MDMN message board) announced in their latest financial report that over the past sixteen years, they have spent as much as $20 million on research and development activities. $20 million is a lot of money and sixteen years is a lot of time, so naturally enough, most investors would expect to see some results. What do MDMN have to show for themselves?
Not much, unfortunately. The company headquarters still looks like this, and the financial statement is not quite as confidence-inspiring as you would expect. In fact, during the second quarter of this year, MDMN recorded a negative revenue of around $35 thousand and they forgot to tell us how that happened. The rest of the statement looks like this:
â˘cash: $41 thousand
â˘current assets: $787 thousand
â˘total liabilities: $1.8 million
â˘quarterly operating loss: $214 thousand
Once you take a closer look at the older reports, youâll see that MDMNâs financial position has never really been healthy and youâll also see that the promises from the companyâs press releases havenât always materialized.
In 2012, for example, they said that a joint venture with an entity called Altos de Lipangue is in the works, but sadly, nothing came out of it and just over a year later, the agreement was terminated. We canât blame MDMN for giving up, though.
Last year, another joint venture was drawn up, this time with a company called AURYN Mining Chile and if an announcement from last week is anything to go by, this one seems to have quite literally struck gold.
On September 17, mere hours after Chile was hit by a rather massive earthquake (the company had previously announced that everyone working for MDMN is safe), the management team said that the results from certain exploration activities conducted by the Joint Venture with AURYN are absolutely marvelous. According to the assays, MDMNâs shareholders can hope for an average of 26.9 grams of gold for every ton drilled. Drilling should begin during the second week of October and weâre all keeping our fingers crossed that there will be no earthquakes that could delay the start.
The news is good and the reaction from the market is definitely there. MDMN went up by about 24% almost immediately which, it must be said, is not much by Pennyland standards, and it goes to show that investors are still quite cautious. Nevertheless, the stock seems to be holding up relatively well. Yesterday, it added 9% and it finished the day at $0.0269 per share.
So, the performance is not that bad and if all the optimism from the press releases transforms itself into actual figures, it might get even better. Does that mean that you should jump in without thinking through all the risks, though?
Not in the least. Especially when you are considering an investment in a company with such a long history of failures.
https://www.hotstocked.com/article/91433/medinah-minerals-inc-otcmkts-mdmn-stays-calm.html
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