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AUMC is trading very strong, but low liquidity. With gold hitting multi-year highs, I believe AUMC could go north of $.50 soon. I've been adding to my position and it is getting harder to buy with size without driving the price up.
Gold Gold Gold $$$$$ let’s go!!!
One month later and no updates nor any idea when mdmn shareholders will have their long promised shares of auryn.
again absolutely nothing of an update!!!
today is supposed to be financial disclosure day for auryn so we will see what goodies they might have for us??????????? Watch for it on the pink sheets
Legal letter of Morgan E Petitti posted saying full disclosure has been made to the shareholders of aumc. He states he was not able to talk to Maurizio, the CEO , and instead got all his information from gary goodin. Other than that it appears to be a regular boiler plate opinion.
Let’s go $$$$$$$$$$$
read the non disclosure documents filed today.--- no answers to anything!!
interesting---yield sign off the pink sheets today with no filings or disclosures???
Maurizios newest venture is pure water distribution in chile--long way from mining!!!!
Let’s go !!! GOLD GOLD GOLD!!!
with last seeks market action monday will not be a good day to start the big auryn party in toronto -- lots of unhappy investors with tales of woe!!! Sure hope there is a big bounce back
march 15,2020 is the mandentory year end filing on the otc pink sheet boards so we should all see a legal update as to where the company stands
Possibly they will report from the PADC in toronto on march 1 or someone else who attends might give us an update
It’s what happens from my experience
gosh i hope it never gets that low Sure sorry i still own far too much at the higher prices
Wait for .0001 then run to .10
check the auryn web site for an update on dewatering the old fortuna tunnel
tells us nothing about anything No idea when the shares of auryn will be distributed, if ever, no report on the H to see if they are doing anything other than mapping which doesnt excite anyone. When do we get some real news from gary and the crew??
read todays disclosure statements on the otc BB board to find out the non disclosure of anything
to late i am already in too much. Is what you say fact or just speculation???
Maurizio Cordova does indeed have empty pockets. He is a man that attempts to live a glamorous lifestyle well beyond his means and has been borrowing money from various sources for a number of years now but failing to make the agreed repayments. Be very wary of investing in any company that he is part of.
As seen on TV $$$$$)))))))
as we approach the promised date of december 2019 for the distribution of the auryn shares to the mdmn shareholders the stock is again this morning trading at .205 cents if they wait much longer gary goodin will be selling his large stock block given to him when he vacated the presidency of medinah at 10 cents???
All about the OZ!!! And tonnage$$$
Auryn Quarterly Report out:
https://www.otcmarkets.com/stock/AUMC/disclosure
gold goes up and auryn trades better today with the low trade so far .19 cents If it goes to 4.00$ i will be close to breaking even!!!
Gold going to 2000.00 OZ
the destruction of cerro dorrado by maurizio and goodin defies logic maurizio took, without payment all the preferred shares carrying 100 to one voting rights to auryn allowing him to do whatever he wanted without regard to any shareholders rights. all done with no shareholders meeting to approve anything. next he issued to his private Chilean company auryn chile 66 million shares
all this allows maurizio and goodin to acquire 100 percent of the entire alto package without paying one cent for the property or ever holding a meeting of mdmn, cdch, or auryn to approve anything. a complete theft of both companies. the promise of a distribution of auryn shares to the shareholders of mdmn has never come about and no word as when or if this will ever happen the next thing you will see is the retirement of goodin from auryn with another sweethart deal for him similar to the plus 400,000$ he got in march when he abruptly left mdmn with no management or direction
Will be interesting to see how this all plays out!!
first word for months today and stock trades down to 0.25 cents any hope for the future????
Haha, well, i’ve been trying to piece this all together in my mind and the only thing I can think of is ...they will put out news (hopefully) after we all receive our Auryn shares
big move on the market today. the shares went from .05 to .06 up 20 percent!!! slow move up to a dollar at this rate
I'm not sure anyone... was complaining... they have certainly wondered... why they were delinquent... and if the answer was/is... they've moved from Nevada... to Indianapolis... then it would've been nice... if the company had just informed it's shareholders... I think that is a big part... of what people... have been discussing... why are the MDMN shareholders... not kept informed... of company happenings...???
that is the office contact and operational office for gary goodins law practice now that he has resigned from all positions in medinah after collecting his plus 400,000$ salary for last year i guess no one has bothered to change this. as you know there is no filing in the state of nevada so its impossible to see where, if any, mdmn continues to have an office or if they have a registered agent in nevada to legally continue in business
today, may the 15th, is the due date for the corporate updates on the otc markets so possible this information will be contained in the fillings.
Interesting ... I’ve heard people complaining on this board about Medinah Minerals being Delinquent on their Nevada Corp registration...and I know they used to have an office in Vegas too.
However, I just noticed on the OTC Markets website that Medinah Minerals is no longer located in Vegas...but rather Indianapolis exactly where Auryn Mining Co is based.
Here’s what I found:
Medinah Minerals
3021 East 98th Street
Suite 140
Indianapolis, IN 46280
www.medinah-minerals.com
317-340-3083
info@medinah-minerals.com
Has anyone else noticed this address change?
Just have to keep an eye on it... and an ear on the ground... for news... if news... ever comes... that is... ???
Without good news upon converting MDMN share to AURYN this could get ugly
strange trading today as low as .05? then someone bought 100 shares at .74 at close sure dont know what will happen is goodin ever releases the shares to mdmn
any word when the auryn shares will be distributed to the medinah shareholders???
this was promised for the first quarter in 2019 and still no word
hopefully the distribution will spark some interest in the auryn market!!!!
Oh Yeah...!!! Looking great indeed...??? LOL...
trading at .11 cents again today looking great!!!!!!
Maybe... but then again... maybe not...??? We'll just have to wait... and see...
maybe now that goodin has been removed as president the new guy will start to tell us really whats happening
Appears a few changes... are happening... not totally dead yet...???
THE DECEMBER 31 FILINGS NOW POSTED
the december 31 filings now posted for all to read
gary goodin no longer presidents but remains as a director and walter, the peru geo now president
american transfer, who have served the company since incorporation have been fired and replaced by pacific transfer of nevada
LOL... it's swing... from it's low to high... was a 350% spread... pretty wild...
aumc traded as low as ten cents today on very light volume.
I can say... I don't know... and I haven't heard a thing... about any of the timing for that... or the final numbers to be distributed... only Auryn knows... as far as I'm concerned...
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Basic Company Information |
Cerro Dorado is a junior mining/exploration company with gold/copper/silver claims ("The Alto De Lipangue Project") near Santiago, Chile. They have adjacent claims to Medinah Minerals (MDMN) on the Alto De Lipangue plateau. The relatively low elevation, close proximity to infrastructure, and exceptional nature of the property make their claims an excellent future location for large scale gold/copper bulk mining operations. Juan Jose Quijano, Cerro Dorado's representative in Chile, is working with several potential joint venture participants, assisting them in their due diligence, both in formal meetings and visits to the Fortuna de Lampa property. As Juan Jose Quijano has a vested interest in the potential of these properties, being a significant shareholder of Cerro Dorado, a creditor, and property participant, he is working diligently to bring a satisfactory joint venture party to the cmopany, with an agreement structured according to current mining standards.
• Stock Symbol: CDCH
• Website: http://www.cerrodorado.com
Articles of Incorporation
February 11, 2012 Shareholder Informational Session
Background of Juan Jose Quijano
Juan Jose Quijano, an attorney, as well as his father were instrumental in writing/developing mining legislation for the country of Chile and he also happens to control the most mining claims of any individual in Chile. He practices before the Chilean Supreme Court and other South American countries on mining matters and has been partnered with both Cerro and Medinah for many years. His knowledge and influence within the Chilean mining community and government are key assets and an integral part of Cerro and Medinah's corporate plans. His complete biography can be found here: http://www.medinah-minerals.com/juan-jose-quijano.html
Share Structure Information
Alto De Lipangue Joint Venture Status and Updates
Recent Developments Regarding Alto De Lipangue Joint Venture | |
February 11, 2012 | Cerro Dorado holds Shareholder Informational Meeting in Las Vegas, NV shortly after the Medinah Minerals Informational Meeting. The company discloses that claims totaling 1170 hectares are being negotiated to be included in the Alto de Lipangue Joint Venture, currently in its finalization stages between Medinah Minerals and their soon-to-be-disclosed JV partner. Cerro also confirms that the outstanding debts accumulated since the last debt payment is $571,000. This debt will be paid upon receiving cash from the joint venture. You can watch the Shareholder Informational Session at livestream here: http://www.livestream.com/theminingplay/video?clipId=pla_e60b5d63-5a84-43c9-ab32-2cc1f991abef&utm_source=lslibrary&utm_medium=ui-thumb |
Cerro Dorado reports that the London Group experienced serious financial setbacks in Europe and do not have the necessary resources to proceed with this project at this time, but want to stay in the picture if their circumstances improve. JJQuijano is working with several new potential joint venture participants, assisting them in their due diligence, both in formal meetings and visits to the Fortuna de Lampa property. | |
Cerro Dorado reports that the London Group has reviewed the proposed LOI which is now back with their attorneys. The proposed agreements calls for an end price acquisition of an 85% interest in the claims of $50,000,000 (fifty million), with staged cash payments over a 36-month period and a substantial exploration budget. | |
Cerro Dorado, Inc. reports that their properties on Alto de Lipangue will no longer be included in the Lipangue JV, as requested by the JVA partners. Prior to this announcement, Cerro Dorado's properties were combined with Medinah Minerals' properties to include the entirety of the Lipangue complex. Negotiations with a "London Group" have progressed and a "proposal for the acquisition" of Cerro Dorado, Inc. (Chile) SA property has been completed and a formal Letter of Intent should be forthcoming shortly. | |
Cerro Dorado reports that the JVA partner is finally able to move ahead with the JVA funding provisions. | |
Cerro Dorado updates that they anxiously await word of the transfer of the funds necessary to complete the JVA. As reported in previous communications the Company has completed all items and documents required. | |
April 8, 2011 | Cerro Dorado reports that they are still waiting to receive affirmation that the transfer of funds, the last step necessary to finalize the Joint Venture Agreement, is completed. They reaffirmed that Cerro Dorado(Chile) and Cerro Dorado, Inc. (USA) in partnership continue to maintain all mining claim properties in good standing. All relevant taxes are paid and up to date. |
Cerro Dorado reports that they received written documentation that the first tranche of funds, necessary to complete the initial catalyst part of the Joint Venture Agreement, are finally in the last stage of transfer to the Company bank account. | |
Cerro Dorado updates the status of the JVA delay and reiterates that the JVA partners continue to reassure management that all the terms and conditions of the Joint Venture Agreement are fine, and the delay in funding is their internal matter. | |
The company reports that Management continues to work "on a daily basis" with the Joint Venture partners to finalize the initial transfer of funds. Required answers have been documented and provided to the various Governmental and Banking authorities and the formal process is proceeding. | |
The company addresses the reason for granting the extension to the Joint Venture consortium specifically in regard to the deposit of the initial funding only. The JV partners indicate that compliance with all applicable banking laws, taxation and regulations has taken longer than expected, but anticipated completion steps are moving forward positively. | |
The company announces that JJ has granted the JV partners a time extension to complete their initial funding deposit. The JVA partners emphasized their difficulty with legal and banking requirements causing this unexpected transactional delay. | |
December 28, 2010 | Cerro Dorado provides a website update where they've reached the finalization stage of the JVA and are expecting the initial tranche on or before January 15, 2011 |
Cerro Dorado properties, all located on the Alto de Lipangue plateau approximately 8 km to the west of the small town of Lampa and 30 km northwest of Santiago, Chile. Access to the property is via the gravel road between the towns of Lampa and Til‑til, through the Hacienda Mercedes at Chicauma. The original claims known as Lonco Millarepu 1‑60 which are adjacent on the west and south to claims owned by Medinah Minerals, Inc. In 2006 and 2007 the land base has been expanded by over 300% and the mapping and sampling program in late January 2007 accessed the new land packages and new occurrences. Cerro Dorado now owns 2,220 hectares on the Alto de Lipangue plateau and is currently in negotiations to joint venture these properties separately from Medinah Minerals which is approaching finalization of its JV.
Claims Group | Hectares | Description | Picture |
Lonco Millarepu 1-60 | 270 | The Lonco Millarepu 1-60 mining claims (mensura) were purchased by Cerro Dorado Inc. in April 1999. The vendor retains a 20% Net Profit Interest (NPI) from production to a maximum of 5 million US dollars. The claims are rectangular and extend 3 km north-south and 900 meters east-west, bordering claims from Medinah Minerals, Inc. on the west and south. | |
Fortuna 61-120, Colihues 1-40, Antonio 1-20 and Columbo | 900 | These claims to the East of Lonco Millarepu were purchased in 2006. These appear to be former Medinah Minerals claims as they were listed in ACA Howe's 2001 report on the Alto de Lipangue property for MDMN. This significantly increased Cerro's footprint on Lipangue over their original claims group. | |
Columbo I-IV | 1050 | Purchased July, 2008. These claims border Cerro's properties to the North. |
Dr. Jim DeCosta's Valuation Considerations For the Alto de Lipangue Deposit
At the 2008 Annual General Meeting, Dr. Jim Decosta who next to JJ Quijano is probably the single most knowledgeable shareholder on the Alto De Lipangue property, as well as an expert author on the subject matter of naked short selling in the stock market, gave a very lucid presentation on his assessment of the company's property in Chile. Dr. Decosta offered to shareholders copies of his independent treatise, which explains the numerous difficulties for a junior mining exploration company to secure a joint venture agreement with a major. His in-depth report also articulated property valuation criteria and specifically addressed the company's holdings at the Alto de Lipangue location. This report is a must-read for all prospective and existing shareholders as it compiles nearly all of the due diligence on the ADL properties into one comprehensive document.
Satellite Imagery Report of Sr. Clemente Sepulveda Perez (Remote Sensor Analyst) Translated From Spanish
In February 2007, Medinah Minerals, owner of claims adjacent to Cerro Dorado's properties on the Alto de Lipangue plateau, disclosed the results and conclusions of a recent satellite imagery report performed by Clemente Sepulveda Perez. Sr. Perez was retained by both CVRD of Brazil (now referred to as "Vale") and also by BHP-Billiton for their due diligence measures in regards to the Lipangue property complex. The most significant of his conclusions are listed below:
1- "In this sector of study they are located; a deposit that can be classified like of type PORPHYRY OF COPPER-GOLD (in the zone of the plain of the Alto de Lipangue) and, in addition, a PORPHYRY OF MOLYBDENUM-COPPER in the contiguous area immediately located to the south of the previous one."
4- "The volume of identified mineral resources to date, reaches already to SEVERAL HUNDREDS OF MILLIONS OF TONS, mainly assigned to the added porphyries and skarn together."
7- "All the aforesaid samples clearly show that we are, as opposed to an old and famous mining district here, that today presents/displays a potential of resources, with which can without a doubt be classified WORLD CLASS."
Summary Geological Evaluation and Exploration Report By Terrance Smithson (P Geo.)
In April 2006, Terrance Smithson (P. Geo) for Tera Ex Engineering was commissioned to perform a summary geological evaluation on the "Lobo Solitario Project" (Cerro Dorado's properties on Alto de Lipangue) and the Lipangue Breccia Property for Medinah Minerals. According to the report, "Tera Ex Engineering Corp. was commissioned to research, evaluate, update and recommend a new exploration project based on A.C.A. Howe Limitada 43-101 statute reports 1999-2001 by Robert Cinits P.Geo. On the Lobo Solitario project for Cerro Dorado, Inc. and the adjoining Altos Lipangue project of Medinah Mining, Inc., the 2006 program included the planning of a new road system access to the south on newly attained staked claims including the Carrizo and Concordia molybdenum deposits were being constructed to the south highway at Lampa. A new regional exploration model is being proposed and new recommendations and exploration budget 2006 is presented in this Summary report."
The following are some excepts from Smithson's report:
NEW GEOLOGICAL EXPLORATION PROGRAM USING A PORPHYRY STYLE MODEL
Video Tour of the Property is available here
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