Makes 3 of us now. doubled my investment (which wasn’t too much) in the last month or so.
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Also increased my position by 20% in the last 2 weeks…I was fortunate that mdmn took this long also.mdmn has always had the gold, copper, etc and we just needed a real miner to come in…we are on the verge of greater things happening soon…jmo
I am going to informational meeting on October 1st also…i think auryn will tell us alot at that meeting…one good thing with them is that they have met all there deadlines they have set…
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Didn’t we hear Production begins August 22nd 2016?
That’s in just a couple of day’s! YaHoo…
While I may have missed some announcement, I recall that Auryn announced they had begun preliminary work on June 20 that should take 6 to 8 week to ready the mine to go into production. During those 6 to 8 week it was announced that they shut down for about a week due to weather issues. Hopefully we will hear this week that they are starting production but I don’t think anyone should be too upset if it turns out that the week weather delay put them out to a 9 week finish, which still meets the end of August schedule as listed below. I’ll guess that even if they did incur a delay, they are very motivated to be into production well before the beginning of the September 7th and 8th Chile Explore Congress 2016.
Medinah Minerals, Inc.
August 9 at 2:34pm
AURYN has submitted documents with the Chilean government to officially initiate activity at the #CarenMine. With continued good weather initial production is scheduled to begin by the end of August.
Medinah Minerals, Inc.
June 24
MASGLAS and AURYN are two of the sponsors of Chile Explore Congress 2016. Maurizio Cordova, Executive Chairman of AURYN will be presenting.
Weather won’t stop them from starting actual production by end of month.(Looks good)Rather, they need to pass basically a safety inspection. If a problem is found, they will have to fix it and schedule a new inspection before they start.
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Bough over 5 million last few months, thanks to all those that sold. Very excited.
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Generally, if an inspection item fails then the inspector will, if at all possible, work with the customer to allow a correction on the spot rather than have to make the long trip back to re-inspect a failed item at a later date. Because these are experienced miners I expect they will be ready to pass any required major inspection items. Small and easily resolved items are sometimes overlooked and these are often the type of issues that can be corrected before the inspector departs. I would be very surprised if the inspector left the area without approving the mine for production.
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Hey Rick…Just for the fun of it. Do you think that mdmn can perform as well in the next 12 months, as mux has performed in the past 12 months? (up about 500%) I think so. It certainly would not surprise me if it does. There was never a group of investors that have earned or deserved it more than us!!!
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1/10th of MUX’s value would be $136M.
MDMN’s 25% of that value would be $34M. A little over 2 cents.
You need to shoot higher.
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Perhaps you’ve heard the old saying “If you’re up to your “arss” in alligators, it’s hard to remember that your original mission was to drain the swamp!” That saying applies to what I’ve seen AURYN/MASGLAS doing to clean up the mess from year’s past of the former MDMN. Many shareholders believe the company has been given a second chance with the new BOD and leadership. For anyone that hasn’t noticed, the swamp has been getting methodically drained. There are quite a few here that have noticed that as well, and have actually resumed accumulating. Regardless of investing style, there are a few here that have posted on their continuing accumulation of shares. My method is likely different from many as I’ve successfully added incrementally all year, at about 0.015. This method does not suit everyone, especially those who may be overextended in this investment. I’ve considered myself fully invested for years, but have changed my mind over the past two years with the progress being made. For the record, other PM investments have noticeably done very well this year, and those have fortunately benefitted my portfolio handsomely. I’m quite sure others here have done the same. It is premature to compare this investment to other PM plays. It is still a speculative play with very reduced risks, IMO.
Most are familiar with the past of this company. It is evident the company is rapidly changing. Where we were yesteryear, or even yesterday, has little to do with where AURYN/MASGLAS intends to bring shareholders of this company. MASGLAS has at least a 20% stake in MDMN, and a majority stake (65%) in it’s AURYN subsidiary.
Focusing on discussions of the recent (as opposed to past) disclosures by O’Callaghan and Karra certainly not all facts are known. In HR’s recent well reasoned discussion he advised that facts should be checked before casting stones. I agree. Of interest, although not necessarily related, has anyone else noted that CEDE & CO holds 57M fewer shares than at the time of the last annual report? The implication of this is that there are currently 442.55M shares currently in certificate form. A third of the issued shares are currently not trading, and a large portion of remaining shares are believed to be in relatively strong hands. The PPS has a lot of potential for upwards movement depending on upcoming production and depth of news released.
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[quote=“mangelsen, post:725, topic:1377, full:true”]
Hey Rick…Just for the fun of it. Do you think that mdmn can perform as well in the next 12 months, as mux has performed in the past 12 months? (up about 500%) I think so. It certainly would not surprise me if it does. There was never a group of investors that have earned or deserved it more than us!!!
[/quote]That would mean MDMN would be .075 the end of next summer. I don’t think that is out of the realm of possibility if the following occur:
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Auryn begins and continues producing gold from Caren and other properties up to their stated and permitted goal of 5,000 tons per month. This will give shareholders, new and old, confidence that the operation is in good hands to run profitably and bring an ROI to investors.
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The grades of the gold meet or exceed the cut-off grad of 15 g/t. Note: That’s a pretty high cutoff grade IMO. In an open pit scenario, gold can Be mined profitably at 1 g/t depending upon the costs of extraction. Additionally, that cutoff applies to an open pit/bulk fashion. I’m assuming that mining via tunnels costs a bit more to mine per ton and that is why Auryn has set the cutoff at 15g for Caren. I’ll defer to CHG or mdmnholder to correct any misunderstandings I may have in this regard.
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The POG remains above $1200/oz.
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Auryn provides continual guidance indicating that they are on target to meet or exceed their 2017 stated goal of producing 25,000 troy ounces of gold. With the price of gold at $1300/oz, that kind of production equates to $32.5 million in revenues from gold. Not too shabby for a small and new operation. I am cautiously optimistic that Auryn’s stated projected production numbers is a conservative estimate that they should be able to meet or exceed easily. Under-promise and over-deliver.
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Auryn/MDMN avoids any black swan event or other unforeseen event that would negatively impact the operation and/or stock.
MUX and other producing juniors rose 3x-5x primarily due to the movement in the POG putting gold stocks and explorers back in favor. MDMN didn’t move with other juniors partially because of its negative historic reputation, partially because of its inferior status as a bloated non-reporting pink sheet stock, and partially because it currently isn’t producing any gold or have a compelling story to capture the attention of investors with that kind of risk appetite when their or safer plays in the same space.
I think with that combination of goals that MDMN should at least exceed .05 within the year. That is conservative on my part, but I’m looking at MDMN to perform less like an en fuego penny stock and more as a legitimate mining company with perhaps less volatility and more sustainability of share price if that is at all possible in the pink sheets.
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What will be highest gold grade gold mine in Chile should open for business next week. Only took Medinah 18+ years to get to this point(with Auryn’s help) but better late than never!
Hopefully, the opening of the Fortuna and LDM mines will happen within a year as well.
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Let’s hope when production “officially” starts, they will at least have a news “wire” release. We haven’t had one in over three months. I’ll even take a ribbon cutting ceremony. You know they want production to begin, BEFORE presenting at the Chile Conference. Hopefully, Wizard is working on one right now…
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I’ve nearly tripled my position over the past three weeks.
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Auryn will announce when they are in production but don’t know if they will make a big splash about it or not. More importantly, the timing of the start of production will be perfect for Auryn to mention it at the Chile Explore Congress:
http://cexr.cl/congreso-2016/en/speakers/luciano-matias-bocanegra/
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That trade for $15 could have been $15.10 if they had just waited. 
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I can’t believe I’m getting my buy orders filled at these prices. This is an absolute easy double from here in a very short period of time, with so much coming up this is going to be very exciting to say the least.
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