If Your In, Your In.
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Those were the good ole days. Now we are back and buying. Seems like you have to understand MDMN time. Two days = two months. So one year = one decade. We like the news and definitely the price. Now we hope the year and half we were gone and the new money overseas reduces the MDMN time table to real time this summer in the south. We never lost a dime on this stock and we believe the time we will have to wait, at the current price per share, is just right. It's nice to know the same people are around as when we bought at .02 last time.
Good to see that things have not changed since I last looked at the board.
That has got to have hurt. But I agree, The real proof will be next week, although I am enjoying the ride now.
In stocks, we call repairing your stock position after the purchase, dollar cost averaging. Again I think your comparison in somehow illogical when you compare apples to apples.
I am sure you watch all the house flipping shows on cable, these guys are putting up 100k + and rolling the dice. The average penny stock investor is putting up $1,000 to control 100,000 shares.
People ranting about this and that is like getting pissed at losing money on the midway at the state fair. There are people who are walking around with the big stuffed animals so you must be able to win. But when you don't, it makes little sense to cry foul and say the games should be fairer or the carney cheated you.
You are an option trader, you know the risks in investment.
If you buy speculative homes from the court house steps or automobiles at the local auction, you are talking about the same thing as the penny stock market.
If you want to buy a new car, new house, or fully reporting stocks there are stock markets for that.
To compare speculative investing to full reporting markets is just nonsense.
Such stocks present a high risk for investors, who are often lured by the hope of large and quick profits./quote]
That applies to homes, cars and investments. If you can't handle the realities of the market, you should move on to less risky investments.
Nice financials. (not perfect but miles from a historic stand point) The Company continues to do a better job of keeping the shareholders informed.
Reading is a skill that competant people use to obtain all the facts before speaking about thing in which they do not know or understand.
This is from the 12/12/2012 web posting
Statement regarding progress at Altos de Lipangue, Chile
12/12/2012
Background: Amarant Mining Limited (“Amarant”) has an 85% interest stake in the Altos de Lipangue (“AdL”) project from Medinah Minerals S.A.. The property is situated on the Lipangue Plateau some 30 kilometers north of Santiago, Chile. It is located on the headwaters of the Quebrada Duranzo River. The area has been subject to reporting by local and International consultants and is an area of historic placer gold production. Amarant now wishes to bring the project into its own exploration and development system and proposes a site visit and instigation of the programme early in 2013. This will designed and supervised by Dr Michael H Smith.
Year-End Tax Selling
The sales pressure will continue through the end of the year as long term holders take their 1000% increase in their share price in the current year to avoid the 3.8% increase next year already passed in the health care act. Additionally, the anticipated increase in the capital gains rate, by a likely 5%, means a 8.8% increase in the cost of holding the shares beyond yearend.
Resetting your cost basis in this stock make sense in the short and long term.
Now is an opportunity to take advantage to pick-up additional shares as the yearend closes. With such a thin number of shares trading the ability to unload a large number of shares can only have one affect on the share price and that is to drop it.
We are not seeing people leaving this investment for any other reason. So I say, let it go where it needs to go and then let's see what happens after the first of the year.
IF You're IN, You're IN
I will buy them, how many and at what price. Remember your estimate is that they have no value. Make me an offer.
I don't know how many times I have seen a small company announce a deal and then take time to close the deal based on the size and complexity of the deal.
This deal seems like a very high dollar deal with over 100 various claims and multiple parties to the contract. I hope that MDMN is doing all the required legal and administrative things needed to make this thing happen for the shareholders. But understand that time is not one of their over riding concerns at this point.
The deal gets done when the deal gets done. If you can't wait, move on, until the deal is done, the SP does not mean anything EXCEPT to the flippers.
IF you're IN, You're IN
Purchased a 85% interest is what the announcement says. They could have said entered into an $5 million agreement to explore the mountain, BUT NO, they said they purchased the 85% interest in the claims. THAT IS WHAT WE CALL A COMMITTMENT.
Your grasping a straws. If you beleive in the mountain and have done your DD you know this is one in the win column.
You just never know, however, if you look at the last few years and when deals have been finallized and announced, August is a big month in Chile. Look at Condesco August anouncements over the last few years. As winter ends and spring is just around the corner, announcements are made with results of drilling to follow by year end.
I thought last August was our month, never got real excited in February and the date of the AGM suggested the deal was not going to come till much later. But I have the time to wait. The flippers will flip and the price will run up and down until we get that official announcement from a third party that the deal is done and money has exchanged hands.
August 31, seems like a good date for the price to run back above .19 and a third party announcement by that date or sometime in September. There is no carrot here, if you are in, your in, if your not, well IMO there is time. My best guess $.34 by year end, and we are waiting on Alto drilling results. In the interium, the LDM results might drive the SP at a quicker pace.
That work is being done now. It is in process and time will tell what that little piece of the mountain is worth. Lets not forget, once proven, reserves are like money in the bank.
As a long, with a significant position, I don't care what the SP is today, I look at the risk reward two years from now and say, is better or worse today than the day before, the month before, the year before. I like were we are at, and time is measured in opportunity cost, which means this can only be a great play in relationship to anything else in this high risk investment sector.
The glass is half full and we have not even started the party. Here is hoping you see the waiter before the partt starts and you can't find the bar.
Good luck with that. August 31st we are at a new high IMO. This deal is real, because it makes sense and not at all some one sided BS story. Time is the variable. Always has been.
If You're IN, You're IN
Your previous posting included this:
"As a former penny stock boiler room operator, Medinah minerals fits the profile of hundreds of companies we have manipulated."
Your current posting included this:
"So glad I am not a stuckholding, bag holder anymore"
How do these two statements affect your analysis of MDMN. The Stock is at .09 with news to be released in the coming weeks. Good or bad, how will this affect your position on the stock.
How sad that we are begging for a morsal of an update when so many don't even have a dog in the fight.
The politics of market and those of state have so much in common, in that you have to consider the intent of those making the demands to understand the real purpose as it applies to the situation.
The drop of water in the surf does not dictate the size of the wave. Events happen in their own time, and you can wait on the crest, and ride the wave, bitch about the timing and miss the opportunity or stand opposed and hope the undertoe and force of the water does not drive you into the beach.
Self serving claims on both sides are only verified through the actions of the Company, We will not have to wait long to determine if the claim of an announcement is true, but your claim of a scam, I think you will be waiting on for your life time.
If the announcement is posted on the Company web site, it will be verified and bonified. If it comes today or tomorrow, makes no difference. Time is always the variable.
The mountain exists, that is a fact, monetizing the asset is a factor of time. You either have the patience or you don't. Those with patience know that the SP is meaningless.
I like.
Interesting, tic toc, tic toc. Lucky no one naked shorts MDMN. I mean with the low volume lately, and the limited amount of float in the stock, anyone shorting MDMN must be covering under the T+3 rules. No worries here.
The news is all good. The clock is ticking, tic toc, tic toc. Whether you are long or short, the next 14 days will be the beginning of the story and not the end. Talk is just that, the Company web site is the only source of reliable information. If you're In, You're in. The cards are on the table, some have paid the small blind, others the large and most of us are all in. GLTA
YES, SUYAAROI
OH I get it now.
Quote:
There are risky penny stock plays and then there are penny stock scams, pump up the price, the insiders and the big private shareholders dump into the news.
So, if I say that the reverse applies in MDMN instance, that would be an acceptable conclusion based on the facts and DD I have.
OK lets try this. HEY THIS IS A PENNY STOCK and the investment community never takes penny stock seriously. That is the nature of the penny stock market. Understand this is a high risk, high reward play. It is a non reporting entity and thus investors should only rely on the company web site for information about its current status and activities. Understand the risks, understand the play and understand the forces that can effect the stock when everyone is waiting for the event.
Nice Day, Nice Month, Nice Year.
The daily price means nothing. For those new to the stock this is a make or break trade. No need to worry about the day to day swings. People will try to manipulate the price up and down. You can't control the day to day activity and the direction it is going. This might help 1. 1 million shares only represents $140,000 in real money. 2. The average daily volume means nothing until we get to 10 million shares traded per day. The rest of the volume is just 5,000 share manipulation of the stock price to move the price up or down by shaking the trees. 3. This is a Company that has been around for 12 years, with only one source of revenue, the fact that they have not monitized the investment during that time means little of nothing. Other will tell you differently. If you are thinking long term this wait becomes tolerable. So view it this way. Lastly, this investment is not meant for your rent money, kids college account or anything you cannot afford to lose. This si a roll of the dice, you are at the table and the dice are in play this week. But there are no guarantees and don't let anyone tell you different.
I believe this is the week and the year we see a monitization fo the property we hold. I have been waiting since 2009, and I will wait a little longer. The meeting in Vegas will be real information and explainations for the progress we have made and not over the last two years. From that, everyone will decide to stay and play or walk away. The dice are in play and our number is due IMO, but it is just legalized gambling. Nothing more.
Here is to a great two weeks. If You're In, Your're In
There is a difference between rumors and the real deal. This is the real deal. Read the update. All be it this is not the big deal it is a deal. There is no time left to play the swings for real money. This stocks SP is moving up between now and the shareholders meeting. When the big news hits next Friday there is no stopping the upward momentum. Play your play and live with the consequences.
Wrong
Hummmmm........
So many people asking for evidence of this and that and making rash statements. All of it seems so unhealthy and what not. Maybe we just let this play out some. With 12 million share traded over the last two days, somebody is buying up a big piece, betting that this price is at or near the bottom.
You just have to wonder, don't you, what makes people so set it their opinions. Well thats life I guess.
Wow, that is jumping to a big conclusion that I think is both unfounded and without merit. But I guess I can see how you might put two and two together and arrive at that answer.
The bankruptcy of the stock would surely make the damages from the theft disappear. I mean the value of the shares could only be determined by there fair market value at some point in time. Would'nt you agree.
The purported murder plot seems like and act of someone obsessed with a finality and unhealthy hatred for their inability to accomplish the goal of destroying the value.
I still don't think your inference about those pointing out the negatives is on point. Most have told us over the years that they do it for humanitarian reasons, to save us from ourselves. That seems very plausible to me.
But let me think about it some more. This is my last post for the day and you have left me with alot to consider. Buddy.
No, I think this changes nothing at this point. the reason the items was posted on the company website is that it has had a material impact on the company (as per the Q & A).
Quote:In the meantime, it is important to once again advise and stress that any information that is “NOT CONTAINED” on the official Medinah Company website is not to be trusted. Certain individuals with unknown agendas present false representations, confusing inaccuracies, and contrived falsehoods that should not to be relied upon.
This notice is considered to be material to the Medinah Company and its shareholders.
Thus the resolution of this matter should also have a material impact on the Company. The shorts will continue to trade as they deem appropriate to maximize their profits. The only thing that changes that, is the announcement.
In the mean time, we will wait like always and hope that the current pace of Q & A and updates continue and that more information becomes available with each additional post. It appears JJ is not sitting around, but actively working to finalize a deal.
Maybe it explains the rational of the trading patterns in the stock over the last few years and the posting patterns on a few of the boards. I am not accusing anyone here of anything, I mean, I am not saying, I am just saying. There would have been a reason for these individuals named in the Q & A (and not named) to try to tank the stock to cover the crime.
The closing of a JV would have been very expensive as far as the recovery and might be the reason the previous JV partners would not close until resolution of the matter.
OK discuss.
Wrong, money is in the bank. This is not the six pounder we want, but we are only fishing in a small part of the lake. We still have hectors of possibilities. This is good news, and is just the first step one in a multi=part move.
We will see more good news in the coming weeks.
We are finally off and running.
The leaves, the trees, or the forest.
The receivables are probably an allocation of cost to a related party since there is no operations, ie management fees, consulting, allocation of shared costs. These receivables are not a result of operational or economic transactions. My suggestion is write them off. But if you want to, I understand.
The decrease in payables are operational, thus IMO are significant.
As far as dilution, that is why MDMN exists today. Our access to capital markets is important in helping fund the cost (50%) until completion and is the liquidity tool to covert ownership to cash in the future.
Audited financials, while desirable, would not change the leaves, or the trees, but help better define the forest.
IMO only. The mountain is the play and time is the ultimate variable. Stand back a little and try to take in the view.
"Oh look it's a tree"
MDMN is not an operating company, sooooo 90% of two undefined assets, whether current or long term is not material to the overall value of the Company. I would not rely on either item providing cash for operations. The value of the company is in the Mountain and the Company's ability to monetize its value.
There is no justifiable reason to spend any band width on anything outside this undeniable fact(if you are, in fact, a shareholder). Otherwise, enjoy the brilliant fall colors of the follage.
Hope this helps.
Forest for the Trees
Since we are not an operating company the receivables are both inmaterial and meaningless. The trust fund is undefined as to purpose and legal parameters.
The profit and loss statement gives us a more complete view of the company's operating cash requirements for the period in question.
The best way to look at MDMN, IMO, is to see the Company as holding a item of undetermined value. Management is trying to monetize that item and create a future cash flow from this process for the benefit of it's owners. Based on the cost to more accurately prove up the value in an ever changing market of multiple variances, the Company has set a high threshold for its acceptance for this ownership transfer.
The financials only represent the cost of this process, NOT the cost of the future operating entity. Investors should look at the financials in this light and not like you would evaluate a normal investment.
IMO, the financials report an efficient process in a cash strapped entity, where every decision has a cost measured in delution until the monetization is completed. Management is focused on the end game and not worried about the SP until that is achieved.
The flippers and the day traders will make money during the period leading up until the completion of this process and the long term shareholders will make money upon its completion, whenever that time comes. The mountain exists, we have interested parties, we just need a meeting of the minds to move to the next step. I believe we are still within a reasonable time period to complete the agreement on the table.
Know what you own and understand the process and you can weather the SP moves and keep your sanity. Many here have lost that edge and can't see the forest for the trees.
Really
Quote: "The reality of the situation is we officially vacated the deal"
Until the deal is dead, and there are no other interested parties, can you make such a uninformed comment. the only thing that has changed is the exclusivity with the JV partner.
Quote: "Money for nothing, nobody has interest in seeing the company fail, that is more of decostas brainwashing working on people."
When a, "none shareholder" posters is banned for using mutiple user names, then returning under another name, the inference is that they have an interest in something. ROFLMAO.
How unfounded accusations about management remains on topic, but accusations about posters is considered not, continues to amaze me.
Deals of this nature take time, this one has taken over a year now, but is not outside what I consider is a reasonable period of time. You might think different. I would tell you to sell your shares if you owned any if you felt this way. But we all know you don't hold any shares.
IMO, MDMN will get a deal, only time will tell when.
Here is the analysis:
In the nine months ending September 30, 2011:
The Company sold 13,456,890 shares for $471,641 (average .035048 per share)
Borrrowed $103,245 from shareholders to fund operating costs.
The Company invested $315,154 in capitalized costs in mining assets in Chile.
Prepaid operating expenses of $59,118 and reduced current liabilities by 7,574.
Spent $141,055 in operating costs ($15,673 per month) of which $32,048 was legal fees.
This looks like a Company working to the goal of monitizing the value of it's main asset to me. Operating costs include no significant salaries or cost to suggest anything other than efficient operations to a goal.
IMO, things are moving in the right direction just not at the speed we would all like. As a result, you have disconsent within the ranks and opportunities for those that have a financial interest to see the SP fall or the Company to fail.
The negative comments of some are driving me nuts. The SP does not matter at this point, it is go or no go based on the JV announcement on or before the 19th.
The Q & A was informational if you are not trying to find something wrong.
Quote: The JVA partners, in conjunction with the Compañía Minera Altos de Lipangue/ Medinah Minerals (Chile) S.A. groups, are working in concert to the end goal of finally releasing the first tranche of funding. The JVA partners indicate that their goal is to complete the funding aspect of the JVA in this final demand extension period by continuing to finance their ongoing expenses.
The last line says that the JV partners are continuing to fund the work needed to complete the JV agreement. If the deal was dead, the continuation of funding would have been cutoff. If this line is accurate, you could not have asked for any better news short of the announcement.
As far as the SP just a few sellers can lower the price when everyone is waiting for the 19th to see what happens.
MY SUGGESTION IS LETS ALL TAKE THE WEEK OFF, SP predictions add little or no value to the vested or those contemplating a position. Its just noise in a room full of insanity.
REALLY.
I think the announcement will be the determining factor. The SP is meaningless and volume is just the flippers and the panicked.
No one knows what the JV investor is going to do, other than the JV investor. We don't have any control of the course of events until after the extension.
Reality say - If you're In, You're In.
We don't need to argue over anything. Take weekends, take holidays, take whatever you want. The deal is either announced or not by someeime before the 20th of September.
After all these years what is a few days going to matter. We have a deal or we don't.
It only would matters if your flipping the shares, the longs will still be long even after that date.
Bottom line, if your holding a few million or more shares, your not getting out before then without dropping the price into the cellar. So the share price does not matter. If your holding a few hundred thousand, you might as well take the ride.
I do however know a number of people waiting for the opportunity to pickup the lost shares. IMO, those that panic will lose in the long run.
There issue resovled, now what else do you need help with.
Volume suggest the flippers made no money from the buys yesterdays and the 5000 share trades today suggests the continued push to drive the shares down. Total upside if you accounted for 100% of the trades was $45k on less than 1% of the company float.
The share price remains meaningless at this point. We close the deal the price moves north quickly, we don't close, the share price moves to the basement until the next deal.
18 days and counting. The investment remains what it has always been, no better or worse today than 8 months ago. The final countdown is the only certainty, along with the negative rants from those that say they don't own any shares.
Own what you can afford to lose, don't spend your winnings before you close your position and know what you own.
If you're In, You're In
Betting on the come.
Let's see, that would mean the $50,000,000 payment upon the completion of exploration would equate to almost all the remaining outstanding shares at .07.
Up to $500,000,000 IN PRODUCTION COSTS, at any reasonable ROI expectation this thing could be huge and we retain 70%.
You would have to think a buyout offer would be possible in the future. I know, they have to prove up the reserves. That is why this is still a bet and not a sure thing. Come or Don't come. Lay your money down and take the ride or walk away. I have always said this is a long term play for the big money, this deal shows us how big it can be if we have the goods.
Twenty days we will know if we are walking on the moon.
If you're In, You're In