Medinah Minerals (MDMN)

[Medinaminer]

Following the execution of the Auryn agreement, I don't think there is any shareholder of MDMN who thought the sp would slide to this level.

The drill/assay results are still a ways away. Certainly, the initial results will only be an indication, but the full scope of the drill results are quite a ways out there.

So it would be folly to think that we can accept the results of the initial drill results and extrapolate from those results any meaningful numbers to either hold or sell.

The value of this property will be determined at some future point, certainly some time in latter part of 2015, or even longer.

Obviously there are traders out there who have bought, (assumption on my part) at levels below these, who are happy with a 100% plus flip. Other than that, I don't understand the sells at these levels.

I would think these flippers are also ready to pounce on this stock at higher levels when finally the true value of this company is commensurate to the anticipated, projected and hoped for drill results at some future date.

If anyone out there has an answer as to this insane selling, I would like to know. I think for those who are willing to take calculated risks, this is a perfect opportunity to take major positions, rather than selling.

Perplexed, as usual with this stock.