Medinah Minerals (MDMN)

[DonD]

Interesting concerns being expressed about possible intentional market manipulation if AMC were required to buy shares in the open market. I wonder where all of this concern was when the complaining was taking place about management not doing anything to move the share price with Friday after hours updates. Wouldn't timing news to advantage the movement of the share price be a form of market manipulation?

Some just have to find something about Medinah management to complain about. They complained about late Friday news not doing anything to move the stock price and management held off on the last release until Tuesday after a holiday. Tuesday appears to have matched Friday in it ability to influence the share price on a news release.

Now AMC, for what ever unknown reason as of yet, has stated their intention to purchase shares in the open market and suddenly someone has to be concerned about market manipulation.

It could be as simple as AMC wishes to take a position for one or more of a number of good reasons to do so. Almost all of those reasons center around maximizing the value of the shares they purchase.

If they take a private placement from the company then they just increased the number of shares issued and self-diluted the value of the shares they just purchased in the private placement.

AMC buying in the open market does tell the world that they are involved in a deal that they believe in so strongly that they are willing to spend up to 10 million dollars toward drilling to prove up the property value and a minimum of another 100 million dollars to purchase 85% should the property prove up as they expect.

Should the property prove up as expected then they can either develop the mine(s) or sell their 85% for cost-plus to Volcan or another miner and hold on to whatever percentage of shares they buy (in the open market) of the 15% Medinah continues to own.

Is the above what is happening? I don't know but I will bet that AMC has a very good reason to do anything they do and right now appears to be the best of times for all of the years I have owned Medinah based on the hand AMC is playing. I'm looking forward to Medinah's share price to start reflecting these good times in the very near future.