Spring is coming soon to the Alto and they will be ready for a productive full summer season for the first time.
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I guess we should thank MGold/Wiz for the updates. As long as heâs not getting paid 2M shares annually for his new advisory role I welcome the commentary while we wait for the type of news that warrants a traditional IR effort.
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So are you saying mg and wiz are the guys writing these updates on Twitter and fb?
I can assure you that I have no involvement with Medinah in anyway other than as a shareholder. The updates are not coming from me. Of course, any free shares are always welcome but none have shown up in my mail box over the last 20 years; still waiting! 
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You should not make comments like these if you have no proof of backing them up. Again you are trying to make the company look unprofessional. Just like your previous comment that Auryn purchased JJâs shares for .015. As a shareholder that you are you sure give negative comments about the company that you have invested in.
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Itâs all about accumulation (and control), not to mention EGO. 
Guessing is not investing!
There is enough to thank MGold/Wiz for without such shallow comments.
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If you think Gary, whoâs been radio silent in this investment has miraculously adopted a Twitter handle and is actively posting on FB Iâll add it to a long list of mumblings and rumblings coming from your corner. Yes, I believe JJâs shares were sold at this level. You can call it an educated guess. Or, if you can stomach an actual discussion, Iâd ask you: if JJâs shares were accumulated for 5, 7, 10 cents, a) why would AMC ever agree to pay that type of premium when they could have easily bought shares at a lower average price and b) why wouldnât they be buying shares in the open market UP to whatever prices they paid JJ? There isnât a reasonable explanation.
The 1.5-3 cent level is a reasonable valuation for where we stand today. If you choose to ignore the contributions from HR, CHG, etc. on relative value and favor the endless cries for disconnects, this is going to be a painful and confusing wait for you.
The company is increasingly becoming âprofessional.â The news of MDMN Chileâs dissolution is fantastic news. Albeit a stinging reminder of how some of the âeducatedâ contributors on this board convinced an entire shareholder base that this entity was even necessary in the first place (CDCH clearly showed it was not). Think of all of the shares that were issued based on this false necessity. My only hope is that some of those can be clawed back while we wait for things to ramp up on the mountain.
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Have you ever had someone you hated and went to great lengths to get rid of them. Divorces donât always follow a path of reasonable explanations.
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Yo⌠I no a guy whoâs knows a guyâŚ
Just sayin⌠
Newleaf, what are you sayingđ
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Call it arbitration resolution. The longer it went on, the lower the PPS went, IMO.
Of course JJ settled, but not that low!
Letâs focus on the future and where we are headed NOW. The backwards thinking and blaming others resolves nothing at this point. There is much to look forward to, and thatâs what counts NOW!
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Would be an empty board if everyone followed these rules.
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âThe 1.5-3 cent level is a reasonable valuation for where we stand today. If you choose to ignore the contributions from HR, CHG, etc. on relative value and favor the endless cries for disconnects, this is going to be a painful and confusing wait for you.â
Your educated guesses mean squat to me as I said before I see your posts as a negative here. As waiting I can handle it been here for over 10 years maybe you can influence a few on this board but neither you or anyone else is going to change my mind on how I see this stock and my price target for the near future.
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If you believe there is a 1:1,000 (or 1:10,000, whatever) chance of a minerals exploration company going into production, then you can believe you hit the lottery. Anything is possible, plus or minus, from here.
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Good for you Hulkster. Damn to the fundamentals! Who needs emâ??
However, if you ever feel like sharing some supporting arguments for your price targets Iâm sure this board would love to read them. Youâve vigorously slammed some of us for sharing our opinions and price targets. It would be refreshing if you reverted with anything supporting yours.
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Just unreal that we continue to see huge blocks on the ASK. ETRF has 999000 @ .0134 now they moved to .0139
This is a valid point but I donât think many people gain the success of Auryn by letting emotions dictate terms. At some point the price will be disclosed, IMO. We can re-engage on the topic when we âhave proof.â Until thenâŚ
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Hi MrB,
Itâs going to be interesting to see how this plays out. Like you suggest, conventional wisdom suggests that a deposit developer/majority owner like AMC would fly solo as long as they comfortably can while operating within its own risk/reward parameters. While the rest of the mining world is digging deeper and deeper for lower and lower grades in more and more geopolitically risky countries at the ADL Masglas put itself into a position to grow production almost parabolically as more and more sites become production permitted and currently permitted sites are allowed to increase their levels of production.
One would think that Masglas/AMC, if financially able to, might want to ride this dynamic growth profile and value enhancement âwaveâ all of the way to the beach before diluting its piece of the action via soliciting the money of outsiders. The major miners can rarely create growth profiles like this on their own; they need to ACQUIRE growth opportunities like these. But if AMC doesnât want to sell any of their 65% stake and if anything they want to increase it then where is the entry access point for any new players wanting to catch this wave? I would have to think that Medinah and their 25% AMC and 36.25% Nuoco stakes would be the most likely available gateway keeping in mind how tired the Medinah shareholders probably are by now. I would hope that the new Medinah BOD would operate in a fashion that involved letting the mining world know that Medinah is open to receiving any indications of interest in their various equity stakes at the ADL mining district even though that stance might be diametrically opposed to that of Masglas/AMC which shares common board members.
That oddball 15% equity stake in the 4 Nuoco concession groups over and above 25% of AMCâs 85% stake in Nuoco might represent an obvious opportunity for any new player not to mention Masglas/AMC. The 5% AMC option might even be of interest to a long term player. The value would be tied to what an interested party might feel that this particular management group might be able to do over the course of not only the initial 5 year option period but also from then onwards.
The way Masglas accumulated a dozen Chilean deposits and attacked the ADL project suggests to me that raising money is not much of a problem for them. This is a huge relief when compared to the time and effort spent by the typical mining firm in raising funds. Bringing in Bocanegra and Aguillera couldnât have been cheap. Doing a 22,000 ha helicopter- borne aeromagnetic study definitely wasnât cheap. The massive trenching program and environmental studies werenât inexpensive. Bringing in Peruvian narrow vein specialists is not cheap. If these guys are going to be uprooted from their families theyâre going to need to be compensated accordingly. They need housing, visas, work permits periodic transportation back and forth from Peru, etc.
I would think that there are plenty of talented Chilean narrow vein miners but I sense that AMC is run by perfectionists willing to pay top dollar on this particular project. AMC and associatesâ buying of somewhere around 500 million Medinah shares wasnât cheap. The first 150 million shares bought between 5-cents and 10-cents appears to have cost about $11 million. Everything about Masglas/AMC seems to be top notch. For both AMC and Masglas to be the headline sponsors alongside BHP for the upcoming Chilean Mining Congress wasnât cheap.
Their actions suggest that they have a good grasp of what theyâve got and theyâre going to pull out all of the stops in order to do this particular project just right and I think the data housed in AMCâs GIS-database confirms the appropriateness of this approach. We need to keep in mind that all of these expenditures being made represent RISKS taken in a balanced fashion by those most knowledgeable of the value of the assets and are being made within their own risk/reward profile. The REWARDS they are envisioning must be significant. Any way you slice it, it appears that AMC and associates probably have north of $30 million already invested in Medinah shares, ADL personnel and the ADL property. The current and upcoming ADL development/production expenditures will no doubt accelerate these expenditures markedly. In a technically complex and secrecy obsessed industry like this Iâm a big fan of the investment approach of grabbing onto the coattails of the party with the night vision goggles that is making expenditures like these.
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