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.
I think you may be missing the Big Picture, Goldstrike...???
You're not properly weighting the PLEASURE experienced while watching these GREAT MEN work so SELFLESSLY for greater STOCKHOLDER GOOD...!!!
Observing this intricate and perfectly planned process is akin to seeing a Swiss watch being built.
The COMFORT and JOY we've been GENEROUSLY provided over the past DECADE is PRICELESS.
Books will be written about this wondrous PROCESS; MBA programs will spend entire semesters exploring the brilliance of these incredible gentlemen who are ALWAYS at least ONE STEP ahead of any counter party:
JJ
Leslie Price
Greg Chapin
Vittal Karra
TITANS of industry.
They'll be permanently memorialized, Rushmore-esque, when the rest of the world fully recognizes what we lucky stockholders already know...!!!
Thank you, Medinah. I am ever so grateful...!!!
[
LOL, I like your style, paddydaddy!
I wouldn't chase this rabbit too far, though. AURYN is way smarter than the imbeciles running MDMN (though admittedly they deserve credit for milking it the way they have). There won't be any substantial definition of our resource prior to AURYN owning the whole kit and caboodle. There CERTAINLY won't be a $100 million option payment, which is a point I've been underscoring for a year now.
A tender is likely on the way. I doubt it will be much above a dime, if that. What do you think?
No, not so much, "fer real", relax, breathe deep, and read:
this is what MG said, verbatim:
"Auryn and Medinah will be providing full reports on everything. "NEXT" WEEK HAS ARRIVED."
It amuses me TO NO END to imagine what FULL REPORTS ON EVERYTHING include, but I'm pretty sure what we'll be supremely disappointed as ALWAYS. We've never seen "EVERYTHING" and we certainly won't this week.
Nope, no misquotes here.
I found this by clicking HR's link above.
I'm not sure how useful this is, as it is a particularly impressive example of the comical language butchery and obfuscation our crack team can deliver. Find me another public company update to stockholders containing the word "gambit"!?!
Anyway, have at it:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39453492
MEDINAH MINERALS INC. SHAREHOLDERS UPDATE
July 9, 2009
Dear Medinah Shareholders:
Previously, Medinah Minerals Inc. had negotiated a 5% ownership interest holding in Global Gold Valdivia S.C.M. (Madre de Dios mining property, Chile). Medinah Minerals, Inc., due to a gambit of business concerns with its prior position in Global Gold, has opted to exchange its 5% ownership holding into other entities. Company President/CEO, Juan Jose Quijano Fernandez, has renegotiated, registered and fully recorded Medinah Minerals, Inc., as the legal owner of a 5% share interest in the "Compania Minera Pumillahue," (see the operational plant pictures on the Company website), as well as an additional 15% ownership interest in the mineral claims known as the POLO Claim(s), and legally identified as the "Sociedad Legal Minera POLO."
On June 1, 2009, pursuant to legal documents signed, sealed and registered with applicable governmental authorities in Chile, Medinah Minerals, Inc. became the owner of five shares in "Compania Minera Pumillahue" which represents 5% of the total shares issued.
Under the guidance of Iván Pedreros Zarzuri (Compania Minera Pumillahue President) and Bruce Turner (General Manager), the Pumillahue Company has constructed a complete state-of-the-art gold processing plant at the Madre de Dios-Pumillahue sector, which is also known as Manto Azul. A "Knelson" concentrator has been installed at site to improve the recovery of the fine gold.
Exploration is continuing with the completion of 29 drill holes and the construction of a 30-metre shaft to sample additional structures. To date, the program has identified a gold-bearing "manto" of approximately 6.8 km with an intended target to duplicate the length. The final approval for production will proceed when the grade of the deposit is confirmed with the current exploration program. For further information, visit the website currently under production at http:/pumillahue.com/english/contact_us.php.
The POLO mineral claims, 1-780, are located near Santa Cruel in the VIII region about 600 km (360 miles) to the south of Santiago, Chile. The property is accessed and serviced with year-round roads, on-site electrical energy and sufficient water for an industrial processing facility. The mining properties cover a surface area of approximately 3,000 hectares in the lower Andes Mountain range at an elevation of 1,500 meters.
The mineral(s) deposit consists of copper, gold, silver and molybdenum with preliminary assays ranging from 2-5 grams of gold per ton, 1.5-6.0% per ton in copper, and 40-70 grams silver per ton. A molybdenum deposit was recently discovered in the northern part of the property and will be further explored. Several adits, up to 100 meters long, have already been developed to facilitate further exploration purposes.
A seasoned and highly efficient geological crew is now on site and tasked with carrying out a complete property assessment. Additionally, they will be preparing a detailed report of the property that will be published on the Medinah Minerals, Inc. website upon completion.
The Medinah Company Management is arduously pursuing every avenue toward the completion of the Joint Venture Agreement on the Alto de Lipangue property.
Respectively,
Juan Jose Quijano Fernandez
President and CEO
I think you may possibly be confusing the POLO disaster with disgusting Ciclon I / Ciclon II "pigs at the trough" embarrassment. In that deal for worthless garbage, JJ and SonnyBoy got 20,000,000 shares of MDMN.
Let's not forget, "Men of Integrity", right?!?
...and this:
Dear Medinah Shareholders:
On July 9, 2009, Medinah reported the acquisition of a 15% interest in the POLO claims 1-780 covering a surface area of approximately 3,000 hectares in the lower Andes Mountain range.
The ownership of these claims, on September 4, 2009, have now been formally registered to Medinah Minerals, Inc. as evidenced by the following document as an example for the entire claim group.
Results from the exploration of the property will be reported as received.
see more here:
http://www.medinah-minerals.com/?p=2720
Interesting how pertinent purchase details are missing... Jenson never bothered to spell out Polo details in his footnotes nor properly breakdown the composition of the mysterious "mining properties" asset capitalized on our financials...
I did find these details, about our promising JV fantasy involving our POLO interests:
MEDINAH MINERALS, INC. USA NEWS RELEASE – APRIL 15, 2011
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.
A “Letter of Intention” was signed in Santiago, Chile on April 11, 2011 with International Copper Company Chile Limited. IICC has 45 days to complete their due diligence and final documentation of the terms and conditions. IICC has the right to earn an 85% interest in the total POLO group of claims on the following terms (in US dollars):
Upon Contract Agreement signing – $75,000
1. At six months – $75,000
2. At 15 months – $100,000
3. At 36 months – .01 cent per pound of copper found during exploration for a minimum of $15 million and a maximum of $85 million.
4. IICC shall invest in exploration on the concessions a minimum of $3 million.
Exploration activities are slated and scheduled to commence on or about April 27, 2011.
Juan José Quijano Fernández
President/CEO
Good for you, Gentleman Blockman. I've been enjoying the best 5 years in my investing history as well, though I will say, when I finally get out of Pig Medinah, I will never, never, NEVER EVER waste time and money in the OTC/Pinksheets again. It has been a useful lesson, watching such an orchestrated sham, and learning about the support structure for same.
Every company in which I invest in the future will have financial statements prefaced with an unqualified opinion provided by a reputable auditor, no "going concern qualifications", thank you. To be honest, I am highly embarrassed I ever stepped foot in this mess. Makes me feel quite unlady-like, I must say!