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MEDINAH MINERALS (MDMN) together with its Chilean partner Medinah Minerals S.A. have sold their gold-copper-silver Altos de Lipangue property in Chile to Aramant Mining for $180M US.
Amarant Mining Limited (“Amarant”) has acquired an 85% interest in the Altos de Lipangue (“Lipangue”) project from Mendinah Minerals S.A.. Lipangue is located at the plateau of the Durazno River, 30 kilometers north of Santiago, Chile. The area has been subject to historical mining since the time of the Incas and Spanish explorers and has exploration potential for rich placer gold. The estimated resources in place are: gold (722,000 ounces); silver (6,500,000 ounces); and copper (180,000,000 pounds). In addition, the property contains iron ore and molybdenum.
Amarant will begin the geological work on Lipangue during September and October 2012. Amarant will initially invest 5 million USD for the geological work undertaken during the first 12 months.
http://www.amarantmining.com/news.html
http://www.medinah-minerals.com/
http://theminingplay.com/viewtopic.php?f=12&t=383&start=100
DOES ANYONE KNOW WHY THE CALAIS STOCK SYMBOL (CAAUF) DOES NOT WORK TODAY ?
The Rod
stevej Wed, January 19, 2011 5:07:48 PM Post # 28076
Uh iHub, I take back all the mean things I said about you when I was over on MP.
THAT is FUNNY !!!
Thanks for the chuckle, Steve.
Rod
M78 (Alias : Mr. NO NAME)
What is the company name for Knight C____ G____ ?
I also think shorting it would be a wonderful added bonus !
PS : Most of us have posted at least our first name, (especially on MP) what is yours ?
Rod
GEORGE;
PERHAPS ITS TIME TO EMAIL LES AND SUGGEST THAT IF HE HAS ANY PULL, NOW IS THE TIME THAT THE 'FRIENDS OF JJ' THAT ARE ON THE SIDELINES SHOULD 'STEP UP'
ROD
Excuse my fellow investors for being a little 'rude'. They are a little busy dealing with MM's (market makers) who are in full force attempting to drive the share prices down.
They are usually cordial and warm and accepting. The investors, not the MMs. LOL
MP is a short form for Mining Play. It is a website dedicated to Medinah and Cerro, 'privately run' where they make efforts to restrict bashers and those who only have negative comments.
It is your only source of information about the companies that is not on the Medinah and Cerro websites. Some of us have indirect contact with people related to the company and can pass on emails and secondary information.
The site is currently down but the URL is :
www.theminingplay.com/forum/index.php/topic,32.4020.html
to get into the discussion
OR just
www.theminingplay.com
if you want to join to be able to post.
Rod
[color=blue] I have been considering purchasing Silver Falcon for a while (yes I missed the big run up). I like the aspect of starting small, growing bigger.
What I can't get my head around though is the CONSULTING FEES portion of the Expenses in the last financials:
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2010 AND 2009,
2010 Expenses
Consulting fees $4,491,570 out of a total of $6,121,584 (73.4%)
Cumulative Expenses to 2010
Consulting fees $9,132,088out of a total of
$13,939,391 (65.5%)
When you compare the consulting fees to the totals of the Mill development & the Tunnel, road and pit maintenance expenses, it is ridiculous !! [/color]
CAN SOMEONE EXPLAIN WHERE (or to whom and for what) THAT MONEY HAS GONE ?
Vidwall Mon, January 17, 2011 5:48:07 PM post# 27559
What entry point would you look to add more to your position?
Anyone care to guess what the range will be tomorrow?
That's easy.
When you see the MM's start walking the price down with their little lots (groups of shares) and then the downward shifting slows, then halts for a little while, THAT IS WHEN YOU BUY.
I'm not sure why you wouldn't know that ?
Most of us are hoping the MM's will continue to do what they do, and how they've done it !!!
Just love those 'cheap' shares.
Rod
MDMN has about triple the # of shares out.
but... also has the LDM (gold property/past mine shaft) & 15% in the POLO gold ppty & 5% in the Pumillhue gold ppty.
Also MDMN is touted to have up to 1 Billion shares naked shorted. (Apparently CDCH much less)
Share of the JV supposedly ~30-35% MDMN, 20-25% CDCH
My figures may be off some, but you get the picture.
Chewy;
I love how you always have a positive slant on things.
I want you at my next party, to liven everything up & get everyone in the mood for frivolity !
It is rare to find someone with your ultra positive outlook on things !
pseudomoney Wed, Jan 12, 2011 12:31:10 PM
Re: papplesnap post# 26714
" ...the end of business today or early tomorrow morning at the latest for the announcement. Brrrrrrrrrrrrmmmmmmmm. "
This is for all, not just pseudomoney;
We definitely should resist putting dates on this that we are not sure of.
We have gotten support from new investors and should not put up expectations that will be dashed when 'your' prediction does/may not come true.
THE COMPANY HAS SAID JANUARY 14. AND THAT IS FOR THE TRANSFER OF THE FIRST TRANCHE OF MONEY.
If it is a guess (or a hope) , then say so. Don't
pretend to be 'in the know' if you're not !
momo10 Friday, Jan 07, 2011 2:50:34 PM Post # 26246
Mark my words if the JV it's real this will go to $1.00 within 3 days after the news and a year from now as the property proves itself this stock will be at $5.00 or $10.00. Let's go JJ make it happen......Congrats to everyone so far that hold the stock including myself.....
MOMO;
You might get fired if they found you're working this from both ends. LOL
Same city as previous. Don't remember is the street address is changed.
Bill;
I (and others) would sure like to know the name of the other stock.
If you don't want to say it publicly could you PM me on either board ?
Thanks,
Rod
"M" is indeed Roman numeral for 1,000 and MM is used for 1,000,000. However the "K" (Latin for kilo)is also used for 1000 and it is from the metric system and in that system 1,000,000 is "M". Confused yet?
And don't forget that G is also used for Grand (1000).
i.e. 1000G means 1 Million
fadein Post # 25538
I think somebody needs to go on the SEC website and send them a note regarding the naked shorts in this little play...it's going to be a battle. These big guys are in a pot of hot water and they're going to do everything they can to stick the little guys with the tab...
If NO ONE (of the longs) sells, then there is absolutely nothing the shorts can do, except 'pay the piper' when the time comes.
MFN;
These are 2 different stocks. Which one are you referring to ?
XRC - Exeter Resource Corp. (http://www.exeterresource.com)
XG - Extorre Gold Mines Limted (http://www.extorre.com)
" arpj1944 Saturday, January 01, 2011 3:29:08 PM
Re: alansnowcross2 post# 25369
Yes Alan, the computers or something went searching for sell stops and hit most of them knocking a lot of shares loose. This happens many times in the pinks before a big run takes place in the stock. I believe we are on the bottom rung of this ladder. When we climb to the top we should have a real number on the left side of the decimal. "
Actually it would be an integer on the left of the decimal.
But I know what you mean.
LOL
Happy New Year to all.
Even you MOMO.
ANY PREDICTIONS AS TO WHEN (& AT WHAT PRICE) MEDINAH'S SHARE PRICE PASSES CERRO'S ?
Medinah approaching a THOUSAND TRADES !!!!
(and that was 15 minutes ago !)
I'M NOT SURE WHAT IS GOING UP FASTER ...
THE 'NUMBER OF POSTS' or MEDINAH !!
thanks
Roy
What Level 2 do you use that gives you actual total number of shares at the bid & ask ?
thanks,
Rod
Definitely WRONG Bill.
the company SHOULD be buying back shares at these prices, CHEAP !!! at these prices.
The cheaper the share price, the more we stick it to any naked shorters and the better the cash flow / working capital per share there is.
A Dividend would be great but the time and effort it would take might not be worth it !
UPDATE ON THE HOME PAGE.
ROD
I believe the "?" indicates a trade in between the bid and the ask.
Although some strange ones do happen.
Boys, Boys, Boys.....
Peace on Earth, Good will to men.
Merry Christmas to ALL.
Time to bury the hatchet. NO personal attacks.
Let others disagree.
MAY THE BEST COME OUT OF US DURING THE SEASON &
MAY WE ALL HAVE A VERY WEALTHY HOLIDAY.
ROD
SILVER FALCON SFMI
One large difference is they constantly kept their shareholders informed !
They are currently producing gold and plan to spend 15% of proceeds to buy back shares.
Trader;
Glad you enjoyed it.
Here's to keeping hope, and that we can all keep our sense of humor, and reap the rewards once "next week" becomes a thing of the past.
chewbaka Thursday, December 16, 2010 2:19:58 PM
Re: heyheyhey post# 23628 Post #
Everyone needs to have more patients, and if you don;t want to be disappointment,
Chewy;
Not to be too much of a stickler but...
alansnowcross2 Friday, December 10, 2010 6:48:31 PM
"Medinah current short position Nov 30 ( 0 )
www.otcmarkets.com/stock/mdmn/short-sales
it looks like everyone has covered and is afraid to short more.
jv ahead, They do believe this will get done."
Alan, you probably already know about this info, but in case you don't the DAILY short positions are listed at this site.
regsho.finra.org/regsho-Index.html
Go down to ORF and choose a date, then find MDMN.
This one is for Dec 12 :
Eg. : http://regsho.finra.org/FORFshvol20101210.txt
20101210|MDMN|557979|1429996
Shows 5557979 out of 1429996 shares were shorted on that day.
It will hardly add up to 0 after many days/months.
OTCMARKETS has always seemed to have reported zero or negligible short sales.
Don't know exactly why their info is SO different !
Rich; (not alansnowcross2)
I think that the MM's have realized that they're not going to be able to drive the share price to 0 after 10 + years of trying.
That being said, I think they don't believe in the stock and it's mountain (possibly because of the massive number of 'next weeks' and false starts to a JV).
This being the case, they are probably more than happy to keep making 3 to 4 cents on naked shares as long as the shareholders and their friends/acquaintances are willing to support that price.
I truly believe that they anticipate the support to eventually diminish and the share price to head downward eventually to where they can 'cover' and make profit on the difference or support finally dries up and the scenario you mentioned happens (share price driven to 0 or near 0).
AS ALWAYS, JJ - MAKE IT HAPPEN.
TOO MANY TIMES THESE MANIPULATORS HAVE KILLED LEGITIMATE COMPANIES.
TOO MANY TIMES THEY HAVE GOTTEN AWAY WITH IT !
PS : I don't have the private message option so I have to public my reply
superdow Wednesday, December 08, 2010 9:48:30 PM
Re: None Post # 23239
"If this stock is controlled by the MM's for the benefit of the shorts why did the mm's allow it to run from .003 to 4 cents in the last few years, a 13 fold increase? "
They would, of course, make a lot more money selling naked shares at 4 cents rather than .003 cents !
chewbaka Sunday, December 05, 2010 9:38:31 PM
Re: massimo post# 23102 Post # 23103 of 23117
THE NEXT TWO WEEKS ARE OURS!!!
now that the bashing has settled down, it's time for us longs to celebrate the imminent explosion. Rumor has it that the jv is ten times bigger than we expected, and it's happening before x-mas!!! The insiders are pretty confident, and so am I. Forget history, Medinah is a gem that runs on it's own clock. For those of you that haven't done your Dd, I suggest selling monday, I'll be buying your shares. The next 2 weeks are ours, and I'm expecting volume to pick up exponentially. If you're out, you're out. Many millionaires will be made in the next 2 weeks, see you guys in vegas. Amen in advance, and God forgive anyone who is short on weekends
NOW THAT'S A PUMP.
CHEWY, AT WHAT PRICE DO YOU SELL (FOR THE DUMP) ?
alansnowcross2 Friday, December 03, 2010 10:19:21 AM
"We need a pr released a day or two before the signing to run it up a bit. let everyone know its coming. That would bring in new investors for the jump on signing day."
Unless, of course, Les and JJ follow the Doc's advice and start buying back shares with some of the money from the JV deal.
IF the JV includes the much touted $150M cash then buying back shares at 3.5 cents would only cost them 23% of the money and eliminate almost 15% of the stock.
The other alternative is to declare a dividend. Hard to say how much of the $150M they would want to part with. Using all the money would be a 22.15 cent dividend.
So from these calculations you can readily see an 11 cent dividend would leave the company $75M , etc.
Rod
Chewy, Are you sure you've covered all the bases ?
next week
the one after that
delayed a bit further
after new years
another 6 months
I could easily wait another 3 years
maybe even 5
Maybe you left out 10 years but most of us will be senile (or insane) by then !
chewbaka Sunday, Nov 21, 2010 7:02:17 PM Re: heyheyhey post# 22557 Post # of 22562
" This week or the next and if not next week, it will be the one after that. It could still get delayed a bit further, but that's only because JJ is trying to get the best deal for all of us. If it get's delayed further, it would mean the lawyers found a way to make us even more money, so the wait will be worth it. Anything after new years means the deal just got bigger than expected. And if it takes another 6 months for the jva, that means the deal has gotten so big, that the wait will be more than worth it. I already joined the millionares club, and my subscription is for 3 years, and then I have to renew it. I don't think 3 years is a long time to wait to become a millionaire. Some people have already waited 14 years, what's another 3? It only makes sense to me that with a deal of this magnitude, JJ and Les do all the necessary Due Dilly, and get as much of the pie for shareholders as possible. That being the case, I could easily wait another 3 years, maybe even 5. "
superdow Friday, November 12, 2010 6:07:36 PM
Post # of 22146
" Not much market reaction....I guess no one trusts what they are reading. "
OR
All of us longs have bought as much stock as we can afford (time and time again!).
Who's left ? Only those who may have had 'hints' from people connected with the NDA.
But of course, NO ONE ever uses 'inside' information.
WHERE THE HELL IS GEORGE ?
He's missing all the fun !!!