Medinah Minerals (MDMN)

[Minichiello]

"Auryn is sponsoring the shareholder's meeting. Generous of them considering MDMN has had to incur the expenses of traveling down to Santiago several times to take care of business in Chile."

From the news Release of April 6, 2016.

"The Board of Directors will undertake necessary steps to determine cost, a location, and a date in the near future for a Company Shareholder Meeting."

I assumed from the wording (parsed with the skill of Les Price) that they would be having a General Meeting (not a Annual General Meeting since they haven't had one since May, 2014 but a General Meeting with voting, etc.) and that it wasn't just a informational "grip and grin". And a far as unfiltered is concerned, a formal meeting such as this is the most unlikely place to get straight answers. Talking points will be the only thing discussed. Medinah's already started the corporate spin that's worthy of a businessman/politician.

From the fact that Medinah didn't get any upfront money on the sale of the “World Class” Lipangue and aren't therefore financially independent (that's why upfront money is SO important), riding on the back of AURYN is the only choice they have. When is AURYN’s “good will” going to cease, the bill become due and what"ll be the "bill" (cash, shares, clawback of the 5% option or a RTO with rotten terms for MDMN)? We've already seen that Sr. Letts can be a snake in the grass. It's coming, what's it to be this time?