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They're getting current by filing all their past financial information...
I don't get it.. What's very nice?!
Wowser...very nice.
Contact Info
* 595 Howe Street
* Suite 1160
* Vancouver, BC, V6C 2T5
* Canada
* Website: http://www.medallionresources.com
* Phone: 604-681-9558
Update Company Info
Business Description
Medallion Resources is a junior resource company exploring for large, low-cost "heavy" rare-earth-element (REE) deposits with a clear metallurgical path and cost-effective infrastructure. Headed by REE veteran Dr Bill Bird and supported by a technical team second to none, the Company is strategically positioned to meet the challenges of evaluating and cost-effectively exploring the best REE projects. Medallion's Eden REE and Red Wine REE are two of the finest rare-earth exploration properties in North America.
Financial Reporting/Disclosure
Reporting Status International Reporting: TSX Venture Exchange
Audited Financials Audited
Latest Report Feb 02, 2011 Home Country News Release
CIK 0000922368
Fiscal Year End 3/31
OTC Market Tier OTC Pink Current
Profile Data
SIC - Industry Classification 1000 - Metal Mining
Incorporated In: British Columbia, Canada
Year of Inc. 1989
Employees 2 a/o Jan 10, 2011
Company Officers
William H. Bird President, CEO, Dir.
Thomas Arnould CFO, Corporate Secretary
Erica C. Bearss Corp. Commun.
Company Directors
Dennis LaPoint Dir.
Anthony Mariano Dir.
David Haber Dir.
Donald M. Lay Dir.
Rod C. McKeen Dir.
Robert R. Roe Dir.
Andrew Morden Dir.
David Shaw Dir.
Mark T. Brown Dir.
James G. Clark Dir.
Harmen Keyser Dir.
William H. Bird Dir.
Company Notes
N/A
MLLOF Security Details
Share Structure
Market Value1 $22,640,399 a/o Feb 01, 2011
Shares Outstanding 43,539,228 a/o Nov 30, 2010
Float 40,732,515 a/o Nov 30, 2010
Authorized Shares Unlimited a/o Nov 30, 2010
Par Value N/A
Shareholders
Shareholders of Record N/A
Beneficial Shareholders N/A
Corporate Actions
Ex. Date Record Date Pay Date
Security Notes
* Capital Change=.
Non US Stock Exchange Listing
MDL - TSX Venture Exchange - Qualified
Short Selling Data
Short Interest 20,000 (-33.33%)
Jan 14, 2011
Significant Failures to Deliver No
Transfer Agent(s)
Computershare Trust Company of Canada Inc.
Service Providers
Auditor/Accountant
Lancaster & David, Chartered Accountants
Suite 3240
Vancouver, BC, V6C 2X8
Canada
Legal Counsel
Axium Law Corporation
1055 Dunsmuir St.
Vancouver, BC, V7X 1L2
Canada
Investor Relations Firm
N/A
Jan 27, 2011 (TheNewswire.ca via COMTEX News Network) --
(via Thenewswire.ca)
Medallion Resources Ltd. (TSX-V: MDL - "Medallion" or the "Company"), a rare-earth-element (REE) explorer, is pleased to announce that it has appointed Mr Donald M Lay, presently a director of the Company, to the position of President, effective immediately. Concurrently, Dr William Bird has been appointed as Chairman of the Board, while remaining Medallion's CEO.
"It is important to now build on the strengths of our management team and I welcome Don's new role with the Company. Don has been contributing as an active director with Medallion for many years and has made significant contributions. Don will focus on the capital side of our business and it will be great to have additional help on the business strategy as the rare earth industry evolves," said Dr Bird, Medallion's new Chairman & current CEO.
Mr Lay has over 25 years of experience with public and private venture capital, communications and startup companies. He has also served as a director for a number of private and public companies, including several mineral-exploration companies such as International Taurus Resources Inc, American Bonanza Gold Corp Inc (TSX: BZA) and Medallion.
The Company also announces that pursuant to its stock option plan it has, subject to Exchange approval, granted 1,460,000 options for five years at an exercise price of $.50 to directors, officers, advisors and consultants of the Company.
on the other hand, i think the upside potential in this sector is very good...and worth some risk...
globe trade-their are also those that say we are in a bubble(commods)..i think a better indicator would be to see some institutional buying after talks w/ the pres. and china..i am sure this issue was brought up..it would also be a good sign if moly corp bought someone w/hree's which they dont have..if we can get the perfect storm, so to speek, this sector will make a lot of people a lot of money...if china reduces their restrictions this sector will fall..the cost of new proccessing facilities is just to high..i have been flipping this sector for 2yrs, but, now i think we see where it goes..jmho..and gltya...revlis
Get a plug in on SeekingAlpha.
The rare earth oracle Jack Lifton has an article up on SA.
I put some info in the comments section for MLLOF.PK.
Feel free to join me in pointing out the value via this venue.
Jack is the most widely followed rare earth analyst.
This article will get very wide play.
http://seekingalpha.com/article/247159-the-chinese-yuan-rare-earths-and-the-selection-of-critical-mining-projects?source=dashboard_global-investing#comment_update_link
Hey ellwodo, now it seems we can buy in at .45! Anyone out there says this is going lower?
Uplist:
Joe spoke to Don and here is Joes post.
Joe is highly credible and Don is Don.
An uplisting would be just great, imo.
Thats all I know,,,,,,,:)
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=58388070
how do u know that. ?
If I buy this it will be at the ask....
Don't take this personally, but I hope you aren't filled.
Several days ago I placed a limit order at .50. Almost got them today. Hopefully this drops a few more cents so I can see this stock in my account!
The IHub servers get swamped from time to time. I got a triple posting I didn't want this pm.
Sorry for the repeat. Why is there such a long delay in a message appearing? I assume it didn't get entered and post again.
713,000 traded in Canada. Twice normal volume.
Schwab shows 750,000 shares traded today. It is down $0.06 for the day. Schwab separately shows 56,000 shares traded, but that is just the actual US pink sheet trades. The price is driven by the trading on the Toronto ecxhange, which is where the 750,000 + shares are trading.
I guess the good news is that despite someone obviously dumping a lot of stock, there appears to be a floor a little over $0.50 where they are being snapped up.
Trading more than showing.
Yesterday I bought XX,XXXs shares yet the volume for the day showed at 7,000.
That has happened to me early on as well when I was buying at sub .20
It's thinly traded, volume today is only 56,500 ... it goes in either direction quickly.
Someone must have just dumped a few hunfred thousand shares. Any idea why? It dropped 12% in a minute or two.
As I said, I hope you are right. In the meantime I could use some education on the various "flavors" of OTC. I'm currently in TAXSF and QSURD. (Yes, I know QSURD is trying for AMEX listing.) Is MLLOF currently trading in the same market as these two, or in something "worse"?
Uplist.
Imo, the move up will indeed be very big.
Right now the stock is on the grey market.
A viewable quote will put it on a par with Lynas and the like.
Imo, it will be quite big indeed.
I am hopeful also, but remember you are comparing an uplist to AMEX (REE and MCP) to an uplist to a better OTC. It's good news, but not earthshaking. What this stock needs is new solid information. In the Bird interview in Dec he said drill results would be in by the "end of the year". He also hinted repeatedly about a new acquisition. It's time to actually release hard news.
Sick move on tap?
Maybe I am fooling myself but I dont think so.
When REE uplisted I bought the hell out of it and pointed out the uplist for about a week before it took off.
Then when AVL uplisted I bought th hell out of it BUT it started to move pretty much right away.
Imo, many folks will sit back and watch MLLOF @ .50s.........and then buy all they can afford at 1.80 after the uplist..........:)
Frankly, Im cant even figure out why the rare out crowd is not all over this prior to the uplist.
Maybe it starts all at once.
No definite date, but IR said likely by end of month or first week in February. It's very close, and it's uplisting to OTCQX, which many believe is better regulated than standard OTCBB.
Can you tell me please what date the uplisting is. Enjoyed the run-up on AVL and would love to get in on this one too :)
Uplist on target for end of month ?
I urged folks to load up on REE and AVL when they uplisted.
Im going 3 for 3 and urging it again with MLLOF.
Imo, its a 4 bagger just on the volume.
2 bucks and change when its done.
Next event -
The Vancouver Resource Investment Conference - I see that Rare Earth is attending.
January 23-24, 2011 Booth # 1117
As we all know - Medallion and Rare Earth are JV partners on the Eden Rare-Earth Project and it's has been my understanding, from past experiences, that they are welcomed to have access to the REE booth.... so yes they will be there. That's what I saw last time.
Medallion's office is a mere 10 minutes away from the show as well...... and believe me a lot of promotion happens before, during and after HOURS with the brokers, news letter writers,exhibitor at the numerous social gatherings.
I suspect will see one or two NEWS RELEASE's prior to the show to set the stage.
I am betting it will have something to with Dr. Bill's tipping of the hat of new acquisitions that could see Medallion add producer of REE's to their portfolio !! And of course the anticipated 2011 exploration initiatives and plans for the year.
Did my best. Put MLLOF data on several top boards. Of couse thay said, "Our board is for stocks with earnings". That's nice. but they read it anyway. They know of the rare earth rage.
Lets get the word out.
I found almost all the great rare earths that have made me some bucks via trolling the Yahoo boards for tips.
Of course, some are junk, but others have been sick money makers.
Most folks are doing the same, I mean, who the hell knows anything about rare earths right off the bat.
Rare earths are one of the few areas of investing where folks are actually looking at the various off topic posts.
Posting info is good for the stock and hopefully good for the investors that find MLLOF.
I have received many emails from folks thanking me for pointing out MLLOF, REE, MCP, AVL, LSYSCF, etc. going back to September. Most are up hundreds of %.
Its not a pump if your info is timely and a money maker for the folks that read it...........well.....maybe iy is........lol
In any event, I thank the folks that spammed the hell out of me on the rare earths. I discarded most and kept the good info.
MLLOF is a stone cold winner here and helping a stranger find it will be your mitvah for the day.
OTCQX, thanx for sharing this info joe, i also spoke with Don and he said the OTCQX up-listing is already approved and the listing should be completed by month's end. This and a steady stream of news is just what this stock needs. I see $1 in the very near-term future.
This is a real rare earth stock and its connection with REE will soon be made by the big boys on Wall St.
This is just the beginning, technicals have so much room to run it's laughable. Buy the pull-backs here. Cya at $1
Spoke to Don Lay yesterday and I think this rare earth (a real rare earth company) company is about to get noticed. Don (Dir. of Capital Markets) stated that the company is most likely going to complete upgrade to the OTCQX at the end of the month. He's very aware of all the non rare earth companies getting attention, mistaken for the real rare earth companies. He states that companies who actually need the materials are calling and placing orders in advance of production, mostly because they're slightly in fear of the possible shortage due to China's export quota. He says there will be more and more news going forward.
Note that you haven't already seen all of this -
Here it is again:
From a Seeking Alpha interview with Dr. Bird. He is a most noted expert on rare earths.
His comment on future needs of rare earths:
TGR: That doesn't even consider the REE supplies required for the growing mass-production consumer industries or new technologies.
BB: That's true. Significant new inventions have come out, but they're awaiting conversion to consumer goods. My favorite is magnetic refrigeration and heating. Companies are developing air conditioners that use magnets. The equipment, which uses one-tenth the power of a standard air-conditioning unit, has fewer moving parts so it also requires much less maintenance.
TGR: With all the emerging economies in the world today, there's almost an insatiable desire for goods that improve the standard of living.
BB: Absolutely. Every office building in North America or Europe will require one of these air-conditioning units because energy is getting very expensive. If you can save half the energy by putting in a new kind of air-conditioning unit, people are going to do it.
There are also smaller versions of the magnetic refrigeration unit that power a standard home refrigerator. They're about the size of a soda can. Again, much less maintenance and much less power is required. Once these kinds of inventions are being mass-produced for consumers, the supply issue for the rare earth elements will be even greater.
His comment on current supply possibilities with major companies:
BB: Yes, there has been some discussion as to whether or not these two companies — Molycorp and Lynas — can satiate the market. That isn't going to happen; there won't be enough production from either one of those mines to supply all the world's needs. We're going to require more properties and more projects outside China going into production than just those two.
Molycorp has signed agreements to send half its production to Japan and to guarantee supplies to the giant Japanese trading company Sumitomo. Lynas also has promised significant production to Japan and Europe. These two companies may have their entire production presold before they get into production. And China is not relenting — it just raised its export taxes for neodymium by 25%.
His comment on Medallions current properties: (Note that Medallion has a 65% buy-in on the REE Lake Edan project.)
BB: Over the last year, we scanned all available Canadian REE properties for those that fit our criteria of a very large tonnage and simple metallurgy. Our first choice was the Eden Lake project in Manitoba. We spent the past summer sampling a specific kind of mineralization that occurs in the deposit that could lead to very large tonnage and relatively simple metallurgy. We have samples at the assayer now; numbers should be returned to us before the end of the year. At that time, we'll have our first decision point for that property.
Our other property in southern Labrador is a significant land package in the Red Wine intrusive complex. The Red Wine complex has a considerable amount of the mineral eudialyte, which is known around the world to be a potential source of heavy rare earth elements. The rock that carries this material in the Red Wine complex is right at the surface. It's a large area, which would be easy to mine and would give us a relatively low-cost operation.
His comment on future Medallion properties:
TGR: You head up the Canadian-listed company, Medallion Resources Ltd. Please provide some insight into Medallion's properties and its plans for those assets.
BB: Medallion offers the investment community one of the best technical teams available in the industry right now. My associates and I have exceptional REE experience; we use this knowledge of the market and geology to find the best possible properties available. Also, one of our major thrusts is to find new and better REE sources than those being investigated by the rest of the exploration industry. We're very concerned about costs, and one of the best ways to beat costs is to have a very large deposit with a simple metallurgy. The number-one model for that kind of deposit in the REE business is the South China Clays model. The South China Clays deposit type is very large and it requires a certain kind of geography. It has to be in a monsoon climate that produces a laterite type of soil.
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. After the intense monsoon weather breaks down the original minerals and frees the REEs, the resulting weathered clays soak up the loosely held REEs allowing for easy extraction at a very cheap price — much cheaper than trying to unravel the complex metallurgy with which Lynas, Avalon and Quest are dealing. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
I think it's because Canadian markets are closed today ... also showing no volume and i have a buy order in above the ask since 9:45AM this morning and it hasnt filled.
Are we halted,I'm showing no volume?
Best to get in before the storm ... i'm working with IR to get some updates and I know a few others are also. If anyone would like IR's contact information, PM me.
Interesting -
Note that Medallion is not even in this fund:
http://www.financialsense.com/sites/default/files/users/u155/images/2010/rare-earths.png
From the Dr. Bird interview -
In his interview, he points out the differences in the REE deposit types and their expense to bring to market. And then he says:
TGR: Do you have one of these assets in your land package?
BB: Not at this point, but we're closing in on one. One of the advantages of this type of property is the very inexpensive metallurgy. It is a very important part of our business model to find inexpensive production properties.
Another problem the REE industry is facing right now is the time required to get new properties into production. We are zeroing in on a property that we feel will be able to short-circuit that production schedule and be in production in less than five years. Most of the projects around the world are going to take more than five years to get into production. We feel we've got a project that could be in production much sooner than that.
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To provide material for the increasing clean energy demands in transportation and energy production–Medallion has a smart plan for magnet metals production outside of China. Our plan is to source rare-earth mineral available as a by-product from current mining operations or existing stockpiles.
An investment in Medallion provides excellent upside by exposure to:
The Medallion Monazite Process does not require additional mining to produce REEs, utilizes a high-grade by-product mineral that typically goes to waste, makes use of Process Intensification design practice that maximizes energy and reagent re-use, and produces zero liquid waste output. The climate change and other environmental impact benefits of the process will be quantified by the LCA. As the Medallion Monazite Process is both scalable and transferable it can be implemented at ideal locations and scales to maximize profitability and minimize the carbon dioxide impact of long-distance feedstock and reagent transport.
Rare-earth element demand growth is linked to low-carbon emitting technologies, including wind energy and electromobility where efficiency is enabled by high-strength REE permanent magnets. Many industrial customers in these fields, such as automakers, seek to make the most sustainable purchasing decisions for REEs and battery materials, and the data-driven approach of an LCA with ISO-compliance provides them the highest degree of transparency and customer confidence.
Contact(s):
Mark Saxon, President & CEO
Donald Lay, Director & Strategic Advisor
+1.604.681.9558 or info@medallionresources.com
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