Shareholders can gripe and complain all they want to but Auryn as a private company doesn’t have to follow through on any of their announced intentions. Greg Chapin’s no demands “purchase” contract leaves Medinah defenseless and without any contractual provisions to make any demands on Auryn. They have said they were going to start production on the ADL in November, but as yet nada…nothing from them.
How some disclosure on the District-wide Analysis that took place in February.
“Dr. Jannas will work with other mining engineers, geologists, and consultants during the month of February to help AURYN determine the best strategy for expanding and developing the project. This effort will help us refine our “business plan” as we consider the development of the entire project, including the possibility of bringing on additional partners for the porphyry targets.
How about some updates on the partners, how about some disclosure on their business plan….???? Nada..nothing from them.
How about the Sec Form F-1 fliling…nada….nothing from them.
“AURYN is pleased to announce that it intends to provide increased liquidity to its shareholders by accessing the U.S. capital markets as a Foreign Private Issuer. Our intention is to file an F-1 with the U.S. Securities and Exchange Commission and become a fully reporting company. If our registration is accepted, we anticipate an initial public offering of our shares on the OTCQX® or OTCQB® tier of OTC Markets sometime in the fourth quarter of 2017
But they have the rest of the month to come through. They haven’t followed through on these promises, so why expect them to follow through on this? IMO, so far they have done very little to merit the confidence of Medinah shareholders. IMO that stems in part from the lack of disclosure and transparency.
