Medinah Minerals (MDMN)

[nsomniyak]

Here is my take on why the stock price has not rallied on these recent news items.

Everyone holding MDMN was holding in the belief that such developments and attendant news items were in fact forthcoming. Very few if any people were sitting on the sidelines waiting for such news items before committing funds (or more funds). There was no pent-up demand.

Secondly, MDMN news, while public, is primarily read by those who already own MDMN. It does not immediately reach, let alone compel, prospective new buyers.

Third, the news items make it very clear that this is not an overnight sensation, but that considerable exploration, which will take time, is still required.

Finally, even if one were looking for such news before committing, it would be reasonable to have a strategy of "if they get the JV and other positive news I will put it on my radar but I won't commit (more) funds until I see the price begin to move". Price does not move, no buys. Chicken or egg.

Some people did not, and still do not, even know about MDMN.
Others may have been trying to decide whether MDMN is a total scam or not.
Even for those who have heard of MDMN and don't, or no longer, think it is a scam, there certainly is no urgency to buy. THe JV partner has 3 years to poke around.