Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
You keep saying that Medinah is a pump and dump scam. What proof do you have that it is or is that just your opinion. And if you have proof what have you done to notify the proper authorities? Have you contacted the SEC or FINRA or the Justice Department? You seem pretty strong in your conviction so the only right thing to do would be to alert the governing bodies.
For some reason? I'll give you a few...
http://www.medinah-minerals.com/reports/docs/polarization.pdf
OR you can try this one...
http://www.medinah-minerals.com/reports/Howe/howeFeb12,2001report.html
One more for you...
http://www.medinah-minerals.com/shareholder_letter_101111.html
That ought to keep you busy for a while.
Those that lost the faith and lost their money took that same risk that any investor that participates in any stock. Unfortunately they didn't stick around for the big win. I anticipate very good news before the end of the week. Of course this is my opinion but as no one should buy/sell based on my opinion neither should they buy or sell based on your opinion. After all it is just that...an opinion. When it is all said and done no one that is a true long will be talking about the amount of time it took to close the deal, rather they will be thanking JJ for holding strong and getting us the best possible deal for our mountain of gold/silver/copper and moly.
Here is to all the true longs that have held tough. Good times are here again.
1. There is no official word on the Medinah Minerals website http://www.medinah-minerals.com that states there was a dinner between JJ and ANY partner. Until it appears on the website the news is exactly that...RUMOR, and should be disregarded.
2. There are a few INVESTORS discussing the possibility of going with option B/C as a JV partner but it is nothing but a discussion between interested parties and again there is no OFFICIAL word on the Medinah Minerals website. That much is true. What is false is that we are being told anything. No where has management made the claim that we have walked away from JVP A and are working on JVP B/C. Here is the website address www.medinah-minerals.com for all OFFICIAL news.
3. "What a bunch of liars. It's all smoke and mirrors."
This is one mans opinion which he is entitled to. My opinion is based on ACTUAL FACT. I have had the opportunity to meet those being called liars and can say without a doubt we are neither liars nor scammers. That much will be vetted in the near future.
4. "Deal? Partner?" Zero proof we have either, the promoters(lp and friends) have made a major mockery of shareholders..."
This is just not true. As is stated on the front page of the OFFICIAL Medinah Minerals website http://www.medinah-minerals.com as well as the OTC Markets website http://www.otcmarkets.com/stock/MDMN/news/Shareholder-Update---October-21%2C-2011?id=36927&b= we indeed do have a DEAL as well as a PARTNER. I'm not sure how that can be construed as a mockery of shareholders. As an ACTUAL shareholder I don't find it a mockery whatsoever. In fact I find it to be progress.
5. "And that socio path decosta..."
For those of you that don't know Dr. Decosta is anything but a sociopath. He does however have more knowledge on the destructive powers of abusive naked short selling and the damage it does to good companies that are trying to get funding to hire employees and get our country back on track. Oh and he is a hell of a dentist. I should know, he has been working on my teeth for over 20 years.
6. "and in reality, the property is such crap, no one will step near it with a ten foot poll."
Again I will take the word of an accredited geologist that has ACTUALLY been on property and performed geological research. Here is but one of these opinions that you may want to brush up on. http://www.medinah-minerals.com/reports/docs/development_proposal.jpgt-
7. "because everyone knows it's just a scam, and the company never delivers."
I don't believe it is a scam and I can get a list of over 100 people in my group that will tell you the same. As for never delivering I will again direct you to the Medinah Minerals and OTC Markets websites where it clearly states that a deal has been reached for a sliver of the LDM property.
8. "Those who know it's a scam made a mint, no worries there"
And those that are long will be making far more than a mint. In fact some may be able to open their own mint. Or we may mint our own gold and use it as a dividend payout.
I hope this helped to clear up fact from opinion. As I have been banned to 1 post per day I will not be able to refute the reply until tomorrow...until then, good day sir.
Hi Funky. I couldn't agree more with this statement in your last post...
"You should only rely on what the Company reports on its website."
That is a sage piece of advice for anyone reading this board. Thanks for some reality.
You would have to be flipping/trading a fairly large position for this ATM to pay any real money. With the PPS barely moving that is. If you bought 100,000 shares at $0.05 then you paid $5000. If you flipped that same 100,000 shares at $0.055 then your almighty ATM machine kicked you $500. Subtract any fees or commissions plus taxes and you made even less. Based on the average daily volume I think it is fairly obvious that people are not flipping large blocks of this stock. I would venture a guess that the average flipper is working with half of that number and it's not to take profits but rather to add to the overall size of their position and to that I say good for you.
You say the deal has been vacated? Can you please provide the link from the official Medinah Minerals website that states that the deal has been vacated. I would really appreciate it.
Hi Mike.
I assume you saw the latest information regarding the AGM date? If not, here is the OFFICIAL word from the OFFICIAL Medinah Minerals website...
MEDINAH MINERALS, INC.
NOTICE TO SHAREHOLDERS
October 24, 2011
Please be advised that Medinah Minerals, Inc. USA (“the Company”), a Nevada Corporation, intends to host a Shareholders Informational session in Las Vegas, Nevada on Saturday, February 11, 2012. Subsequently, a Shareholders Meeting will be held on Sunday, February 12, 2012.
Formal Notices to the Shareholder body will be as follows:
The record date for Shareholder voting entitlement shall be January 23, 2012. Formal notices of the Shareholder Meeting agenda, including time and venue, will be mailed or noticed to all Medinah Minerals, Inc. USA Shareholders of record during the week of January 23, 2012.
Only Registered Shareholders or Proxy holders of record will be allowed to attend and entitled to vote at the meeting sessions.
By order of the Board of Directors
Hope that clears things up for you.
I respectfully disagree.
I have been reading the Medinah Minerals website religiously and for the life of me I can't find the information that states that the current deal with the JV partner has been vacated. Can you please provide the link that supports that statement?
To your other point about Medinah never delivering a deal. I seem to recall information on the official Medinah website that states that a JV has just been consummated for the LDM property. Here is the OFFICIAL news release from the OFFICIAL Medinah website...
Dear Shareholders:
Management is pleased to announce that the confirmed funding of a Joint Venture Agreement with a Chilean company, LDM (Chile), has been concluded to immediately commence underground development of the claims at the Las dos Marias property. The monetary commitment to fund the program has been placed into escrow by the investors to the benefit of Medinah Minerals (Chile) S.A. Medinah Minerals, Inc. (USA) will share in a 50% ownership holding of Minerals (Chile) S.A. interest in the project.
Sounds to me like a JV, unless of course you think that Medinah Minerals is putting out lies on their website.
What say you?
You are right there. Things always do go back to where they were but in this case I believe that the "Where they were" is back up. Of course that is just my opinion just as you have yours.
Hang on Mike. At the end of the day I believe that you are in the right play at the right time. It has been painful for all involved (Save the investor advocates spreading rumors) but things are moving along and in short order you will be rewarded. Remember this is just the beginning of the journey to full production. The full value of the stock will be seen further down the road once the property is fully drilled and proven up or a major buys us out.
I can't seem to find anything on the official Medinah Minerals website that state the POLO deal is dead. Can you please provide a link to that information.
I also haven't heard LP say ANYTHING lately. As I am sure you know LP is no longer fielding calls from shareholders. That duty has been passed over to GC. Do you have his phone number. If so maybe you should call him for an update.
I also can't find any information on the Medinah website that states that the original JV partner had pulled out of the signed contract. Do you have a link for that? If so we would all appreciate that DD.
Thanks in advance.
Once again. Medinah Minerals holds a 15% retained interest in the POLO claims. We aren't controlling the drill program we are simply along for the ride. How easily some forget their history.
Here is the official word direct from the Medinah Minerals website.
"Medinah Minerals, Inc. also has a 15% interest in the recently acquired “POLO” claims located in the low Andes, South of Santiago, Chile."
If I had a guess I would say mid-Jan. Based on the last update it mentioned that the LDM will go in to production now. The results discovered from the work of sinking the shaft will persuade the JVA partner to finally get off their a** and fund the deal. Obviously that is a WAG but that is how I read and interpreted the latest official announcement on the Medinah Minerals website.
What is your take?
Are you trying to say that no one on this board talks with any members of the BOD of MDMN?
If so then I must correct you. I have email and telephone contact with GC and have had for years now. He answers my questions to the best of his ability based on our current NDA. In the past I have emailed and spoken to LP.
What proof do you have the Dr. DeCosta and his group sold any shares?
Since there were never any former employees save one secretary I think it will be hard for him to come up with a name.
How do you know this?
Who are they?
Looks like you just poached that verbatim off of the MP board.
What did FINRA do then?
OR - the action could be saying that there are no new investors coming in to this play and the longs have all the shares we need. It's not like we are promoting this stock so the majority of the investing world has no idea who Medinah Minerals is at this point. They will soon enough however then we can discuss volume.
Looks like we are flat for the day. How does that equate to the deal being off?
Please provide the rest of us with your version of history. Seems like you know more than the rest of us. I would love to hear how you get such specific information on this JVA. Do you know something the rest of us don't and if so HOW do you know it? Come on man, name your source. Just give us a name. And if you dare a phone number or email address so we can do our own DD.
Where are you getting your information that the deal is about to go south? I read the official Medinah Minerals website and it doesn't say anything about the deal going south. Do you have insider information? No, because that would be illegal wouldn't it.
If you would be so kind as to share your source that would be helpful to all interested parties.
Plan C...hold for the big win.
Once again for those that don't know...The POLO claims are not owned by Medinah Minerals. POLO is a set of claims owned by an entirely different company. Medinah Minerals holds a 15% retained interest. We don't call the shots on that play. Ask yourself who owns the remaining 85%?
I can't argue with that CS. There are a multitude of little things that I think all loyal share holders would like to see cleared up. Audited financials being one of them. You can count me in as one of those loyal shareholders.
As for the POLO deal, all I can say is that we are not running that show. We hold a 15% interest only, thus are just along for the ride. Sure it would be nice to hear an update on that property but when that update comes out will be determined by the lead group, NOT by Medinah Minerals. Again we are just a stake holder, nothing more. Besides I think JJ has a more pressing issue to deal with right now.
Buy on the drop and get ready to make some real money.
MDMN is the greatest up and coming Jr. mining company on the planet with by far the greatest "World class" find remaining on this planet. The JVA will be finalized in short order and those that believe will enjoy a nice profit. Come along for the ride and enjoy it with us. The partner(s) are real, the money is in the bank and the announcement is right around the corner. This is NOT a pinkie scam as anyone who has ACTUALLY spoken with a member of the BOD will confirm. Luckily I am one that gets the ear of a certain board member (Not Les) and I have full faith in what I hear. By all means don't trust me though. Do yourself a favor and get the phone number of a BOD member and start up a relationship. I think you will be pleasantly surprised.
In the eternal words of Edgar Winter..."Come on and take a free ride"
In it to win it.
Care to offer up the name of your source? In my opinion you have no source other than what you poach off the MP board. I am willing to allow you to prove me wrong however. Again this is just my opinion.
Some light reading for all of the new eyes on Medinah. Straight from the OFFICIAL website. No nonsense, just the facts. I kind of like the last paragraph. You decide for yourself.
SATELLITE IMAGERY REPORT OF CLEMENTE SEPULVEDA PEREZ (“REMOTE SENSOR ANALYST”) TRANSLATED FROM SPANISH
(Note that this report is truly a “Summary” report compiled after an exhaustive review of all of the information gathered to date which was then overlain with recent satellite imagery reports that successfully coalesced all of the prior information into the model utilized by nearly all of the major mining suitors involved in negotiations i.e. that of the existence of two “Classic Sillitoe type” porphyry systems. Sr. Sepulveda Perez was retained by 2 of the top 5 major mining firms in the world to perform this research and file this summary report.)
At the plateau at Lipangue, Medinah Minerals and Cerro Dorado have a mineral complex containing gold, copper, silver and molybdenum. Lead and zinc in lesser amounts was found out near the periphery of the deposit.
The mineral deposit underlies both the Lipangue plateau and its outskirts.
There are “at least” 2 porphyry bodies there. One is a low sulphide copper-gold type of porphyry and the other is a copper-moly type of porphyry.
The copper-moly porphyry was responsible for most of the mineralization in the “Lipangue Mining District”. (Note that a study of 55 porphyry deposits by Mutschler, Ludington and Bookstrom reveals that the average “Copper-gold” porphyry has approximately 300 million tonnes (metric or long tons) of economic mineralization while the average “Copper-moly” porphyry “weighs in” at approximately 500 million tonnes of economic mineralization or “ore”.)
The area in question is about 140 square kilometers.
The volume of mineralization between the surface level of the plateau and the 1,500 meter depth level below the plateau alone contains “Hundreds of millions of tons of resources
Mineral containing bodies include: Porphyries, stockworks, breccia pipes, mantos (Layered replacement deposits), Manto type skarns, fault zones (Shear zones) and mineralized veins.
Added to this are gold-bearing “Placer” deposits located on top of the plateau and peripheral to the porphyries (In the mountain’s watershed area both current and historical (Paleochannels)).
Over 30 years of recent exploration many roads have been built and access has been improved. Thousands of meters of tunnels and trenches have been completed and sampled. This included petrographic analysis of drill cores (Thin rock sections studies under a microscope.)
The petrographic analysis of 11/6/00 (Vancouver Petrographics) was very revealing in confirming the origin of the rocks (And the multi-phase nature of the mineralizing events).
There are high concentrations of gold, moly, copper and silver between the 60-meter and 120 meter level below the plateau (Which is at the 2,000 meter elevation above sea level). In general, the concentrations at or near surface average 5 to 20 times the concentrations of the valuable minerals at depth (perhaps from secondary enrichment blankets-“Supergene enrichment zones” which result from surface leaching of the metals which then trickle down through the strata to the areas of the water table where they precipitate out of solution).
The nature of the mineralization was poorly understood until recently when it was revealed that there were a series of intrusions involved over time (Petrographic analysis).
There were simultaneous mineralizing events and metasomatic events (the neighboring host rock contiguous with the intrusive was chemically altered.)
Skarns or “Stratiform” (Layered) deposits were formed as the permeable layers of rocks (Limestone-like “Carbonates”) were replaced with the mineralization provided by hydrothermal fluids.
As the intrusion of hot rock from below occurred the high gas pressures caused the mineralized fluids to dissect their way upwards and outwards through the areas of least resistance (Cracks and fissures). This resulted in gold, silver and molybdenum being deposited in veins and layered skarns.
When the releasing of this immense amount of pressure occurred in a violent manner the nearby rock actually broke up (Into gravel-like pieces) resulting in “breccia” pipes. Here the mineralization ended up in not only the fine-grained matrix gluing the fractured rocks together but also in the “Clasts” or gravel-like fragments themselves. This process was especially evident in the “Gordon breccia pipe” and the brecciated areas near the “Carrizo” copper-moly mine (The extensive “copper-moly breccias”)
The glue-like matrix is made up of crystalline quartz containing copper as chalcopyrite (Copper sulfide) as well as chalcocite (an “Oxide” form of copper). The chalcopyrite is converted (“Oxidized”) to chalcocite via oxygen containing rainfall trickling through the sulfur containing rocks near surface (Resulting in acid formation). Up to 15% pyrite is also contained in this matrix. Galena (Lead sulfide) is also in the matrix and is associated with silver and gold.
Peripheral to the porphyry bodies can be found “innumerable” examples of fracture lines and veins and veinlets containing gold, copper, lead and silver.
The “Mining District” at Lipangue is famous for gold, copper and silver production dating all the way back to Colonial times before the Spaniards arrived. The most famous vein in the area is the “Fortuna Vein” (Associated with the “Fortuna Mine”).
The satellite images reveal the “Hydrothermal alteration” patterns surrounding the plateau (which is 4Km long by 1.5 Km wide). One type of alteration pattern is associated with the porphyry areas and a different type of alteration is associated with the skarns.
The skarn zones have copper, gold and silver. They are located peripheral to the porphyry bodies. Intense alteration patterns occurred here as the mineralizing events took place.
The skarns have been tested and confirmed by various geological professionals.
The contact between the porphyry proper and the skarn located at the Dos Marias property has been identified.
Many areas of prior mine workings rich in gold and copper have been located. One of the most recent skarns found has massive pyrites of considerable volume.
A skarn has been located north of the Fortuna Mine near the (Northern) access road to the properties.
South of the plateau at Lipangue breccia pipes rich in copper, moly, gold and silver have been located (the extensive “copper-moly breccias” near the adits to the past-producing moly mines)
The satellite imagery has revealed about a “Dozen” intrusives running in a northeasterly to southwesterly direction south of the plateau. These areas are either partially or intensely altered by hydrothermal activity
This swath of intrusives runs at surface for 7Km in length and is 900 meters wide. The intrusives are mineralized with copper and moly
Three mines exist in this area including the Carrizo copper-moly mine, the Cobriza copper mine and the Andacollo copper mine.
“Zamarano” in 1979 wrote a report for Codelco and verified the superficial mineralization of chalcopyrite and moly in the area. He cited a complex body of porphyric rocks of “Endless dimensions” in the middle of an area of many intrusions. (Codelco reportedly dropped their interest in these moly mines back in the late 1970’s when the price of moly collapsed due to the introduction of moly substitutes by the Japanese. Sr. Quijano tied down these properties when the price of moly rebounded and Codelco now holds the properties to the south of this area bordering Sr. Quijano’s acquisition.)
The Carrizo mine has intense hydrothermal alteration present near its entrance which corresponds with the upper part of the copper-moly porphyry there (This implies a close proximity (little overburden) of the Cu-Mo porphyry. This area is now reachable by the refurbished “South access road”).
The analyst (Clemente Sepulveda Perez) gained access to a valuable study by Mr. E. Tidy Finch (A past professor of his) who was working on behalf of Codelco at the time and a geologist Mr. Francisco Ortiz regarding microscopic and macroscopic study of 3 samples of intrusive rocks taken from the Curizo mine.
They found heavily altered quartz diorite intrusive rocks with molybdenum copper and pyrite (Iron sulfide). These mineralizations came in a late phase intrusion.
They also found disseminated mineralization containing gold, moly, silver and copper “From an underlying porphyry”.
The above information allows the analyst to confirm that the plateau is underlain by a copper-gold porphyry which gave rise to the “Gordon pipe” and to the south underlying the 3 mines mentioned is a copper-moly porphyry some 7 Km “On the whole”.
References from 6 sources were identified.
HIS CONCLUSIONS: 2 PORPHYRIES ARE PRESENT AND A VARIETY OF MINERALIZATION TYPES WERE IDENTIFIED. AT LEAST “HUNDREDS OF MILLIONS OF TONS OF RESOURCES” ARE PRESENT IN THE UPPER PARTS OF THE PORPHYRIES AND SKARNS. HE SUGGESTS GEOLOGICAL MAPPING, GEOPHYSICAL STUDIES AND DRILLING. HE CITES THAT THIS IS WITHOUT A DOUBT A “WORLD CLASS” DEPOSIT.
DUDE!!! The people running the POLO deal are an entity of themselves. MDMN holds a 15% retained interest, that's it. Not our property, not our deal. We are along for the ride and nothing more. Here is the "Official notice" from the MDMN website. Wink! Wink! even though we know you don't trust management.
"As reported in previous Company communications, Medinah Minerals, Inc., USA owns a 15% interest in the POLO group of claims in Southern Chile. The holdings comprise 10 main groupings, numbering in excess of 800 claims. Medinah's 15% interest is held through ownership of S.L.M. POLO, S.A."
Clear?
Next?
WOW...what happened to this pig?
Care to name your source?
Cut and paste isn't a source nor is it DD. No worries there!!!!
Still waiting on that bet as well. Didn't you guarantee that there would be no JVA this summer? I will offer $100 to $1 that there will be.
Any takers? I have a PayPal account in great standing.
I've seen the forensic audit as have the people who attended the 2008 AGM. Do some real DD and track down some of those attendees...They may share the results with you. Then again maybe they won't.
I guess you weren't in attendance at the last AGM? If you were you would know all about the forensic study. Bummer that you missed out on it.
For those that really want to know...Les has about as much pull in closing this deal as I do which is exactly ZERO!!!!!
"as I will have to evaluate what standards and behaviors I misread in this instance, better preparing me for next time"
CS - I can tell you exactly where you are going off the rails. You have convinced yourself the the good Dr. is nothing but an agent of the company, working with "Big words" to throw investors off the scent of a scam. Boy, you couldn't be further from the truth. Fortunately I have had the pleasure of sitting down with the man as he is one of my good friends fathers. I assure you that if you had the opportunity to do the same your song would change instantly. I find it disheartening that you feel ok slandering him without even the slightest basis for evaluation. In fact all you speak is conjecture. To boot you do it on a public forum thus misleading anyone who comes over here attempting DD. Shame on you.
At the end of the day all shareholders of MDMN/CDCH/NPER will be vindicated and that is all that matters. Carry on with your version of the story but do yourself a favor and pick up a few shares so you can enjoy the ride with us.
P.S. for anyone that cares there are a host of good, well educated folks that have ACTUALLY been on the mountain, spoken to JJ in person and worked hard behind the scenes all in preparation for what is about to happen.
See all the believers in Vegas.
Great article that pertains to this board and some of it's posters...er, advocates.
insert-text-here
For those of you slandering the company...best read this decision. You could be next.
Happy times for anyone invested in MDMN. The top is set to pop. Keep your eyes on the prize and don't let the non-believers scare you away. They have no vested interest other than to keep you from investing in what will turn out to be the best stock play of the year.
I can't wait to party with all of you in Vegas in a months time at the AGM.