I’m not, since Auryn took over everything that is happening is to our benefit. The Shareholder meeting is probably delayed because they won’t have all the info that they are waiting for by that date. I have learned not stress anymore with Auryn at the wheel.
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In my opinion, give up all the ideas that we can go after the assets of those who have wronged us. It is wasted energy and resources. They have nothing to recover. they sold their stock a long time ago. No big short squeeze. It is what it is! We have all had an education in how deception makes promoters rich while people count on them to be honorable and truthful, they were not. No more negative anger for me. I am now looking forward to the time when we have a Medinah Board that gives us the real story and projections we can count on. Men with integrity and honor who treat us like we have a voice and matter. I give kudos to Kevin, as he does his best to keep us informed. We have turned the page to a new chapter in the life of Medinah and I hope all of you sit back and relax. Put the past behind and enjoy a new MDMN that is riding on the success of the mountain. A mountain that is the reason that I have always believed in.
Positive energy to all.
UsualSuapect
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“They have nothing to recover.”
That statement simply is not even close to being true.
As I mentioned before, I think you are way off base with this “educated guess” if the purchase was arbitrated.
Arbitration and mediation are attractive alternative dispute mechanism for resolving business controversies because litigation can take several years to reach a conclusion. Rule of law and governance are strong within Chile. Generally, judgments and arbitral awards, including international judgments and awards, are recognized and enforced in Chile without issues.
http://www.state.gov/e/eb/rls/othr/ics/2015/241516.htm
If JJ was holding out and demanding a higher price, I think the market changed his mind, and the original offer, as put in a formal arbitration offer agreement was reached. MASGLAS wanted the block of shares and paid the original price offered, IMO.
AURYN Mining Chile SpA (“AURYN” or “the Company” or “AMC”) is pleased to announce that our parent company, MASGLAS Limited, has purchased 218,763,318 shares of the common stock of Medinah Minerals, Inc. (MDMN OTCBB-Pink). The contract to purchase these shares was consummated April 29, 2016. Coincident with closing, the shares were delivered by the seller to MASGLAS Limited who then caused a new certificate to be issued registering MASGLAS Limited as the owner of record. These shares were received from the Transfer Agent by MASGLAS Limited on May 14, 2016.
As previously announced, MASGLAS Limited purchased 60 million shares subject to an agreement signed July 6, 2015. The shares purchased under the April 29, 2016 agreement were originally part of the July 6, 2015 agreement. With the completion of this transaction all parties have settled any and all outstanding issues pertaining to the original contract.
Masglas could easily be methodically buying and accumulating shares in the open market at this level as evidenced by their now essentially complete control of the BOD in preparation of a circular ownership model. Note that shares purchased are in certificate form and no longer in the float. I look forward to production figures raising the PPS from it’s current dismal state. Below is something you posted I fully agree with (except your ridiculous press release statement which was really unnecessary):
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Looks like the storm got pushed back by one day…modeled arrival Tuesday morning.
So what happens when you call the office now? Are they still there do they answer with another name is MMC gone? Whats the story there? Does he travel to Chile when needed how did this all work out?
Has Wizard started his new position as Communications Director? Any good news would be welcomed with open arms…
Where have you been? He’s been writing notices since before he announced the position was created and he is well aware we all want good news as it occurs.
Sorry but…what office and who is he? Les, JJ, Kevin, Roberto?
Keeping informed of an investment is a good idea: 
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Maybe you missed this George. JJ, Greg, Vital and now Les are no longer involved.
Las Vegas, Nevada – July 11, 2016
MEDINAH Minerals, Inc. (MEDINAH) (OTCMKTS: MDMN) announces that Medinah Mining Chile S.C.M. (MMC) is transferring all of its assets to MEDINAH. These assets include a 25% equity stake in AURYN Mining Chile SpA (25,000,000 shares) and a 15% equity stake in NUOCO S.C.M. (150 shares).
MEDINAH has named Mr. Andres Merino, a Chilean mining and corporate lawyer, as the sole trustee and representative for MMC in order to accomplish this process. Subsequent to completion of the transfer MMC will have no other assets or corporate activity and will be dissolved.
Submitted on behalf of the MEDINAH Minerals, Inc. Board of Directors
Does this mean Roberto is gone as well. That would be a welcome action!
Are we seriously headed below .01? Come on already! The mountain is for real and Auryn is about to go into production and we are looking at a SP that just stinks.
We own 15% equity stake in NUOCO S.C.M. Does anyone know how or when any of the equity will be distributed to MDMN? Since it is a private company and us with no say in the accounting or business practices, it possible that we will receive little or no part of the proceeds from Auryn paid to them. The old BOD and friends who control NUOCO control the books and could expense out all of the monies they receive to themselves and we could end up with the shaft again. JMO
See the current breakdown of AMC shareholders here: http://aurynmining.com/about-us/
IMO - it is very likely those “Private individuals” owning 5% of AMC are the previous owners of the 85% of NUOCO. The NUOCO shareholders gave AMC their 85% of the outstanding shares of NUOCO and in exchange AMC gave them 5% ownership in AMC (the entire mountain). MDMN kept their 15% of outstanding NUOCO shares.
So:
85% of NUOCO (JJ, Les GREG, etc.) → AMC
JJ, Les, Greg, etc ← 5% of AMC
MDMN retained their 15% of NUOCO
Therefore there is nothing to distribute.
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Thanks, cornhuskergold.
We traded today at another 52 week low. Very sad. I am curious to how many investors will be forced to sell all or part of their investment, if we are still trading under .02 by the end of the year. Let’s hope that is not the case…
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A different way to look at it is that Medinah, through their equity stake in AMC, has 25% of the action in the three-fourths of the overall mining district that AMC owns 100% of. Nuoco’s old properties comprise about one fourth of the district or 2,450 ha. Medinah has 36.25% of the action on this one fourth of the district. This is because Medinah has 25% of AMC’s 85% (21.25%) plus 15% outright. In a composite fashion, Medinah has about 28% of the action in the entire district if the deposit is fairly homogenous.
Since the initial production permitting is already in place at the Nuoco (and at the Caren Mine) then Medinah has an even higher piece of the action in currently production permitted areas. We don’t know, however, if the fact that the Nuoco is currently production permitted puts it higher on the priority list for exploitation. It sounds like the open pit exploitation of the Fortuna Centro, Fortuna Oeste and Merlin 3 Vein epithermal systems is on a very high priority because the veins that made it to surface as well as those seen on the IP/CSAMT that didn’t make it to surface are fairly tightly packed together which favors a more economical open pit approach.
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Slightly different take, but agree with your “it is very likely those “Private individuals” owning 5% of AMC are the previous owners of the 85% of NUOCO” analysis. MASGLAS has a 65% equity interest (controlling interest) in AURYN and Medinah has a minority interest. It is clear at this point MASGLAS is funding all of AURYN’s progress in defining what the ADL holds, all early exploitation efforts and permit applications, and making payroll etc. It is also clear until AURYN is self funding and cash-flow positive there will be no distributions whatsoever, other than to pay off incurred debt of AURYN and continue progress.
I don’t think MASGLAS has unlimited deep pockets to maintain it’s other 9 projects through exploration and exploitation. I would suggest that at such time money-flow is sufficient (through expanded exploitation, including the Fortuna and ADL surface AU veins), small incremental dividends would go 65% to MASGLAS (funding other projects), 25% to MDMN shareholders, 5% to CDCH shareholders, and 5% to the other AURYN shareholders. An additional 8-10% of dividends would go to AURYN from it’s approximately 1/3 share ownership in MDMN. This circular ownership model benefits all with the least amount of capital expenditure, until such time there is either an RTO arrangement or TO. If this occurs, it should be necessary to have a vote by all shareholders, including electronic proxy voting. It should be obvious to shareholders by now that MDMN has no cash on hand to fund anything. AURYN intends to promote this project to fully get it off the ground while it brings in new investors to the publicly trading company (MDMN) and raise the PPS on the merits of a producing (AURYN) and dividend paying company.
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