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sure thing
jj and Lp are a couple of scammers, this deal will never get done. All fine and dandy telling people to sell NOW. Kirk speaks with/for LP, and LP lies about everything. There is one thing that HR has been consistently wrong on, and that is the closing of a deal with adl. The writing has been on the wall for anyone that does any DD. The only place to hear the truth about medinah is here and Hand's board, even the official site is full of BS.
PS mike, I haven't seen LP posting on the official site, have you? His communications with shareholders on the other hand, are posted everywhere.
what funding hey?
as everyone knows, all medinah adl deals go south, that is part of the scam. Why do you think they teamed up with that ulander who is being accused of criminal activity? Maybe our own BOD should start to get worried about lawsuits against themselves for carrying on with their scam
"Sent an email to Les to get his response to the IGE shareholders email. Here is his response.
From: Ray G
Sent: Monday, April 15, 2013 12:05 PM
To: torad
Subject: Email from IGE Shareholder
Les answer:
I assure you that I follow these kinds of developments with a great deal of interest and appreciate shareholders bringing it to my attention as I simply do not have the time to follow these things
Firstly, Medinah mining has no connection in any way shape or form with the affairs of ige. Secondly, I make it a point to ask lkulanders and some of his associate to get their side of the story.. I know from life experience in any story their is your side, my side and the truth!! Thirdly the letter that I received indicates to me that this is one of the agitated past shareholders our to wreak havoc for their own satisfaction. We have many of the same in Medinah"
Baldeagles reaction :
"Thanks for sharing. This provides an excellent example of how out of touch Les really is. IGE has been hammered, Ulander has failed to produce any positive developments for the company since acquiring his ownership and replacing the board, and most recently, a big four auditing firm quit after accusing him of criminal activities. And Les brushes off this shareholder letter to "agitiated" past shareholders trying to wreak havoc?
The similarities of Ulander and our BOD are starting to multiply. Neither of them seem to understand the damage they have done to themselves nor their shareholders.
Their silence over the past two weeks and the subsequent drop of our stock have placed all of these gentlemen in a very precarious situation. Comments like this from Les make me think he might be so clueless that he doesn't even know the "sh*t storm" he and the BOD currently face. Its analogous to calling the Ciclon deal "great news" while any valuation model clearly shows a significant loss. Fascinating stuff."
I hope Baldeagle and his people nail LP and his minions to a cross. They all deserve prosecution for years of running this scam
the scam is unravelling!!
I hope kirk can get us the nda lifted,and is pressing amarant to release our news ASAP. Some people blame the current SP on kirk's posting, but I think it is just the opposite. Kirk is my hero.
great news from kirk !!
"The lifting of the NDA has nothing to do with Les or Medinah. I have a direct appeal to have it lifted as soon as possible. kirk"
I'm glad that kirk has the pull to have the nda lifted ASAP, ROFLMAO
funny scammy post from decosta
MEDINAH 101-INSTALLMENT #2
SOME THOUGHTS RE: RECENT MARKET ACTIVITIES IN MEDINAH
1) On or near 1/18/11 the Medinah market found itself in the midst of a naked short selling “vortex”.
2) An NSS “vortex” is a downwards spiraling of the share price that feeds upon itself and often takes on a life of its own.
3) They almost always follow a strong move to the upside.
4) They are typically induced by some form of a “toxic event” occurring to a development stage corporation under attack by abusive naked short sellers.
5) This particular “toxic event” was the missing of a deadline that management highly suggested NOT to be put in place but they lost their argument. Picture a cabal of abusive naked short sellers as a pack of wolves just waiting for a “toxic event” to occur that will create leverage for it to pounce upon. As we all know, targets create expectations and unmet expectations create the possibility for “toxic events”. “Toxic events” in the midst of battles in which hundreds of millions of dollars are up for grabs are not a good thing and need to be avoided at all costs by not creating expectations that something will happen by a certain date.
6) Abusive naked short sellers that have “accidentally” run up an astronomically high naked short position without successfully bankrupting the company they targeted for destruction can easily feed the strength of any “vortex”.
7) The combination of a small amount of panic selling in a market environment without the protective effect of an “uptick rule” and certain market maker manipulations can paint the picture of all heck breaking loose.
8) This picture being painted then induces more panic selling and possibly the tripping of trailing stop loss orders but the panic selling doesn’t have to be by too many shareholders.
9) Corrupt MMs sitting on enormous naked short positions can and will make a 100,000 share sell order look and feel like a 100 million share sell order.
10) In the midst of a “vortex” a “disconnect” can occur between internal corporate developments and share prices i.e. between reality and appearance.
11) This recent Medinah vortex was extremely powerful for a couple of reasons. First of all they already had a distinct history of missing deadlines. Secondly, based on an approximate naked short position of about 1.3 billion shares, a certain percentage of the purchasers of about 2 billion shares (1.3 billion fake and a little less than 700 million legitimate) could be induced into a panic sale.
12) During the vortex the net naked short selling positions can go absolutely berserk.
13) The only way to stop the vortex is by internal developments that reverse the initial “toxic event” or share prices getting to a point where they’re just too tempting for opportunistic investors not to buy into.
14) Being in the midst of a vortex after a strong move to the upside is extremely painful for those not familiar with these battles. The seed is often planted that boy if the share price ever gets back to “X” level I’m selling and getting off of this roller coaster.
15) The amount of human misery and pain being dealt out by abusive naked short sellers is incalculable. This especially applies to abusive naked short sellers that “accidentally” ran up enormous naked short positions but failed to bankrupt their prey BEFORE the world realized that they weren’t a scam after all.
16) The most famous vortex inducers and propagators in our modern markets are the “rat pack” working in conjunction with those with the original enormous naked short position.
17) Depending on the level of any good news injected mid-vortex the “snapback” can be rather impressive because the new even more enormous naked short positions post-vortex all still need to be collateralized on a daily marked-to-market basis. If a company under attack really does “have the goods” and management is competent then any vortex just postpones and enhances the intensity of the inevitable.
18) If both the original naked short sellers and the “rat pack” both fail to be able to deliver the knockout punch then the stakes can go up enormously.
19) The worst part of this particular NSS vortex is that management, which was not responsible for the toxic event in the first place, is hamstrung from doing anything about it.
20) These now ultra-enormous naked short positions are still susceptible to the standard methodologies available to FORCE abusive naked short sellers to deliver the securities that they sold but have up until now refused to do so.
21) In all of these NSS battles there still is a “conservation of energy”. The kinetic energy being unleashed on Medinah’s 7,000 shareholders is being converted into potential energy which can be tapped into during the “snapback” phase and later on also.
22) To keep your sanity concentrate on the assets which unlike share price swings can’t be manipulated.
23) Don’t allow yourself to be damaged psychologically. Not taking some profit on the run up does not make you a greedy moron. It makes you more experienced for the next time around should a “toxic event” be induced.
24) A share repurchase plan is the “great equalizer” once a company gains access to cash. These attacks are more than welcome once cash is in hand. As ultra cheap shares are repurchased and cancelled by management the % of ownership for all shareholders goes up as do the per share value of all cash dividend distributions of a fixed amount of money.
25) Can the abusive naked short sellers and their various aiders and abettors just keep selling nonexistent shares ad infinitum? Although it sometimes seems so, no they can’t. They still need to collateralize the monetary value of their failed delivery obligations on a daily marked to market basis. Even the huge abusive MMs only have “X” amount of net capital reserves they can dedicate towards the destruction of any particular development stage issuer. Those “Compliance Officers” that can be held responsible for malfeasance will usually cover their back sides at the appropriate time.
26) As long as the assets are legitimate every time that the abusive NSSers manipulate the share price down to ridiculously low levels there will be buying coming in by opportunistic investors familiar with these battles and the trading opportunities they present. Once the abusive short sellers are basically “all in” then their only options become inducing a trading halt, getting the company delisted, getting their registration revoked or bankrupting the company. If management is well-trained and has access to cash then none of these goals will be attainable.
27) You can expect the levels of “tortious interference” with the company’s business plan to accelerate as the naked short positions grow and the inability to deliver the knockout punch is recognized.
28) One of the benefits of these attacks for the not so faint of heart are the trading opportunities that present themselves with each pulse-like attack that drives the share price down to a level where opportunistic investors are patiently waiting only to drive the share price back to previously established higher levels. If you can’t deliver the knockout punch but refuse to cover your naked short position then the best you can do is attack in pulses to induce whatever panic selling you can. After a while these patterns are easily discernible and may occur at a certain time of day or with the charge being led by a certain abusive MM or cabal of abusive MMs.
29) The trading patterns often reveal a lot in these battles. The sellers of legitimate shares do not bang out bid after underlying bid to maximize his profit or limit his losses. Only the sellers of fake shares do this when it is clear that buyers are more than willing to pay higher prices. When you have to collateralize the monetary value of an astronomically high naked short position you don’t have the luxury to sell at the highest levels that people are willing to pay. You have to constantly manipulate share prices down to keep your collateralization requirements manageable because the size of the naked short position grows with each pulse-like attack.
30) As more and more is learned about the modus operandi of these attacks there are more deep-pocketed opportunists out there searching for blood in the water even if it is the blood of a fellow corrupt Wall Streeter. Many of these folks know how incredibly easy it is to run up an enormous naked short position in a company thought to be a pump and dump or scam. These opportunists are simply looking for situations in which that diagnosis was incorrect.
31) A quickie on “decimalization” and its crucial role in these thefts: In 2001 our markets converted to “decimalization” wherein the spread between the bid and the ask which used to be a minimum of 1/8th of a dollar went to a penny. The MMs which make their living off of the “spread” went berserk. In order to make up for that loss of income, many of the larger MMs chose to destroy relatively defenseless development stage corporations for a living. From that point on we have witnessed a form of evolution referred to as “survival of the corruptest” because an honest MM couldn’t eke out a living.
32) During these uncertain times it might be a good idea to get educated about the execution of mining deals and abusive naked short selling attacks. Since the recent rescission of the 74 year old “Uptick rule” which forbade abusive MMs from banging away at bid after underlying bid NSS attacks have become absolutely brutal. While Medinah’s 14-year attack is often cited as perhaps the most egregious attack ever thoroughly documented you have to remember that tens of millions of investors in development stage issuers are feeling the same pain you guys are.
33) At the end of the day the value of Medinah in the eyes of a mining major or large potential suitor boils down to an “option”. If the mine life at Lipangue ends up being 30 years and the cost to produce an ounce of gold is at $300 what is it worth to a suitor to have the “option” to pay $300 per ounce for gold over the next 30 years as fiat currencies fall by the wayside. If the profits from the sale of the copper, silver and moly offset that $300 cost then the question becomes what would it be worth today to have the “option” to pull free gold out of Lipangue for the next 30 years.
A warm thank you to all contributors!
from kirk : A lot is now in place for this to all start to unfold over the rest of this month and into May.
did he just say may? What happened to all his promises for march? Someone should ask kirk what happened to the partners being on the road in march, heading to chile for the set day at the notario? And what's this nonsense about medinah withholding information due to " opponents" The only opponents medinah has are all the shareholders they screwed over all these years by promising and never delivering. The funny thing is people actually buy it. way too funny . I also love how kirk prides himself on getting information from the front lines, which apparently is so fluid that it is always wrong. Though according to kirk, it was right at the time, but things just changed. ROFLMAO
you can tell they are slowly trying to buy time until july, one carrot at a time.
re: Mr. Price
:Am I correct that the $6.7MM (or whatever actual dollar amount was finally agreed upon) required to start the ADL mining AND/OR drilling/exploration operation, is in a bank account in Chile? LYES
Rick it looks like he misspelled lies. Would make sense to me. After all, his buddy kirk has been telling stories about march,parners on the road, post funding, set date at the noatrio etc etc. Now that march has come and go, he offers no accountability for all his " march facts" Like I told you Rick, adl is toast. The rest is just a bunch of nonsense to squeeze the most they can out of this partner B fiasco. Because a fiasco it is
LP caught in another lie !!
from today questions to LP,and answers from LP in bold
In what country are the "dedicated funds in place" you referred to when replying to Rafer? SWEDEN
Are those "dedicated funds" to be used exclusively for geological work/drilling by the Partners? NO THE FUNDS ARE FAR GREATER THAT THE PART FOR ALTO
Are any of those "dedicated funds" earmarked as a separate down payment, from geological work/drilling, to MDMN Chile? YES
but the company officially told us :
"Amarant Mining Ltd. has, pursuant to contract, provided the exploration funding. Medinah Mining Chile has confirmed that the funds, described as 6.7 million dollars are in Santiago, Chile." - November 15, 2012 Q&A
nice post baldy!
Let me guess. Ulander is telling anybody gullible enough to believe him that these types of articles are being issued by unknown "enemies" trying to destroy his efforts. I have no doubt that this is the excuse he has been using with our BOD to explain the delays. Sounds awfully familiar to excuses we used to hear why our BOD couldn't get a deal across the finish line after so many attempts. The evil NSS community was pulling strings to stall the process. This type of misdirection probably works for some unsuspecting souls, and there might even be slivers of truth to some of the excuses but, at the end of the day, it all boils down to execution and neither our BOD or Ulander have shown a capacity to execute.
This article is very helpful in providing a summary of all of his "pending" and/or failed deals. This is what many of us have been discussing on this board since early last year. If this article is a "plant" by enemies of Ulander their job is pretty easy: state the facts. I have no doubt that Ulander has a large group of "enemies", AKA, pissed off people, who have been left in his wake of destroyed shareholder equity. Isn't that natural? You can even throw me in that group.
great news from kirk !!: "Funding is confirmed"
shorty must really be sweating it. According to LP the funding is in place, just not in medniah's place. ROFLMAO I love how LP is keeping the con going until every last drop has been squeezed from the partner B fiasco.
it's just a shake out benny
shorty knows the money is in chile,and the set date at the notarios is quickly approaching. This one final shakeout before KABOOM!!
Hi Les,
Would Amarant be in default if they fail to fund in April? no
Are all funds necessary to close the purchase agreement in Chile? yes
Is there still a set date for meeting with the Notorio? yes
Is your next visit to Chile Purchase Agreement related or for other business? many issues, prime being alto"
What a bunch of lies from LP. The only truth is " many issues with alto"
re :he says the deal is still a go
I guess he doesn't read the bread crumbs, adl is toast. chances are your guy is lying about everything else like everybody else's sources on this deal.
insider rats continue to flee?
I guess when they told us this was going to be much bigger than expected, they were referring to the disappointment. Good thing amarath is still in compliance, I would start getting worried if they weren't.
meetings in chile are post funding
and since Les has been to chile 3 times, we can assume we have been funded. All partners are moving towards the set date at the notario,and last I've heard, they are still on the road .kirk
re : he is the reason I am here
paddy you mentioned owning about 12 million shares("We have traded just over 2 million shares today or about 1/6th of my total position."), and I'm guessing decosta influenced your decision to buy as much (comfort level according to your post). That certainly settles the argument as to whether decosta is a promoter or not. Thank you for sharing. Like handshake says "doc and/or Medinah haven't produced legitimacy in 16 years!."
only invest what you can afford to lose in a stinky pinky. I read one shareholder say he was under by half a million dollars on medinah. Now I know why some people don't work for a living, who needs to when you can sell millions of shares of a company that never delivers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86119814
another gem from decosta "What people have to realize is that with
all of the historical delays and all of Medinah's enemies Medinah has become a "credibility play". When this occurs you
need to redouble your due diligence efforts and start relying on studying mining sector norms. "
basically what he is saying is that since medinah never deliver, they have made a lot of enemies amongst shareholders. In others words, since medinah acts like a scam, decosta feels it is a good idea to distract from the scamminess by inundating shareholders with a lot of big mining /exploration terms and figures that will go over most shareholders head, or at least keep them in their happy place. Someone should ask the slime ball what his view is on the supposed set date. Because his partner LP is saying there is a set date, yet decosta claims the partner is stalling. Which is it? You can't have it both ways.
another gem from doctor slime is "Wasting your time on chasing
down he said, she said rumors regarding theoretical target dates is insane within a "credibility play" environment"
basically he is saying that when you have a scammers like lp putting out dates in official releases, you would have to be crazy to think they would ever deliver on said promised dates. March comes to mind
Rick, thanks for pointing that out
and by extension, I hope you will point out the contradictions in others. Let me give you an example. Last week, mike gold was saying we were really close to ulander defaulting. By the end of the day he changed his tune and said he was pretty sure ulander would deliver. Kirk in the same sentence said it would be great if uli funded, but it would also be great if he didn't. Now if that isn't a serious contradiction, I don't know what is. If you remember last year, mike was saying that he was 99.99 percent sure that partner A was going to hit it's last and final deadline. We all know what happened. I don't know how you can be 99.99% sure, and fail. Major contradiction there. As far as I know, LP is trying to keep the partner B con going as long as possible (until shareholders can take no longer) before coming up with one final date for default. Under the nda, they can keep claiming there is a set date, and never hit it. Also, what happened to all the talk about LP not travelling to chile with out the money, yet he travelled 3 times? Nice contradiction there. Set date at the notario in march? As far that as that slime decosta(lp's partner), he has always known adl was a con,and would never get funded with partner B. That is why he has been saying adl is a side show to ldm,and adl's current status is certainly starting to reflects this sentiment. The contradiction is his BS claim that his gut is saying that ulander will fund at 11th hour. This is a downright lie,as he knows adl is toast. But he wants shareholders to hold on as long as possible,and trap them at the 11th hour when partner B will be toast. It's a replay of partner A. Another contradiction from slime ball decosta is his claim that shareholders are focusing on the wrong things, such as the " hurry hurry drill the adl" mentality. Maybe if he wasn't a con man he would admit that the company has officially said early drilling in september, then oct, nov, etc . Had the company said drilling would hopefully start some time in 2013 if ulander ever funds, then nobody would have the "hurry hurry, drill adl" mentality. It's disgusting that decosta would even comment on shareholders asking for the carrot that the company has been dangling all along. And to add to the contradictions, if decosta's gut is telling him uli will fund, why is he obsessing on a 'fall back' plan? They have been planting the seeds that with this bogus ldm we are in a better position to go at it alone , or find other suitors. But with LP at the helm of the con, they will milk the partner B con for as long as possible. Enough contradictions going around Rick for you to be asking some serious questions
like handshake said "Les thru his soldiers accomplishes exactly what he needs in order to pay his bills. " April 12 and 25th will be a bust, but still bought them some time
sociopath decosta's thoughts on ulander
"My gut is that they'll perform at the 11th hour." he is such a liar, everyone knows the adl deal is toast. They want to keep distributing shares for as long as possible, so hang on to your shares! ROFLMAO
there's going to be a lot of squirming going on to explain why ldm is still not shipping to enami. Decosta is pushing the old "cash flow" card, but there won't be any cash flow, just another carrot while adl does the dodo, and they prepare the next pump and dump
proof? due diligence? ROFLMAO
Rick did I need proof to tell you the adl deal would go south? And what proof did you have for claiming the last two deals were a when we get funded, not an if. (which was completely wrong) The fact that kirk says it's great if we don't get funded, and decosta says " we no longer care" tells you all you need to know. Like clockwork, the PPS has eroded,and shareholders who believed all the lies by the company got shafted. Those who new the adl deal would go south made bank,and are certainly not complaining about the situation.
he's a company plant
he knew all along adl would never finalize. And he has the scumbag nerve to say " let's not care that adl went south" Since he's been a seller all along, he doesn't mind starting over. If you have bought millions of shares,and you don't mind losing that money, or never making any,then listen to decosta. Of course he's back to his dividend nonsense, after helping to string investors along for the past many years.
decosta the shill, trying hard
"I've never sensed as much human pain in this investment as I now sense. From a mental health point of view, I think perhaps we shareholders should entertain the concept that from the point of view of the "will Uhlander fund or not?" situation perhaps we've successfully arrived at the "who really cares?" stage of development. I think that the recent developments at the LDM have earned us this peace of mind for anybody willing to tap into it. "
he is such a joke, trying to convince shareholder that after over a year of being told next week, share holders should not care any longer.
hitting the 52 week low benny
I wonder if it has anything to do with the fact that kirk now thinks it's great if we don't get funded. ADL is toast, so expect cheaper prices as they clamour to get the next bogus deal prepared
kirk has referred to MP as a tool for promotion and DD
Baldy's march recap proved that the DD kirk brings is 99% wrong 99% of the time. So what does kirk really bring to the table? He and mike gold do not work for a living, so someone is paying them for conning investors and lying all the time. What's hilarious is mike claiming he;s never sold a share, yet he is the first one to disappear at 4 pm. Along with decosta, they are all in on the con. It's too bad it's taken some folks 8 years to figure it out
kirk changing the story
funny how all though march kirk was saying that all the partners were moving towards a set date at the notario. Now he's saying they may not even fund
"Ulanders back is against the wall and there is a deadline date they are working to and it is great if he does it and great if he does not. We are not in a weak position especially with the LDM. Kirk"
now he's saying it's great if they don't fund ROFLMAO .
Just as funny is kirk claiming he has the power to force amarant to put out news
"Ulander has a new PR firm and I have been told something is coming out on the ADL. That was suppose to happen today/tomorrow but in all things will it happen in that time frame is a big question given performance todate. I have made a dirrect request that this come as soon as possible. Doing my best and can not do much more than this right now but I will be pushing for something accurate and something timely. Kirk
how about polo Rick? it did the dodo
so cyclone will probably disappear two. We can't all be right,and I was certainly right to say it's a when the adl deal goes south, not a if. Looks like we'll be hitting the 52 week low any day now.
just like polo
they are coming up with these bogus deals at the same time that adl deal is doing the dodo. But as everyone knows, polo did the dodo as well. Typical diversion techniques. First an ldm update, and then a new deal on a minor property. Through in decosta in the mix and you have a good scam bag.
it's a scam benny
why do you think this adl deal is almost over. PPS is saying the same, while insiders continue to sell shares, along with others who see it for what it is. Decosta is a paid company plant,and that is why he knew adl would never happen. " ADL is a side show to ldm" according to decosta as he knew adl would do the dodo. Certainly not a shake out as you perceived. And waiting for official word from the company is absolutely useless as they lie about everything "no deal without cash up front, done, done , done, never going to let another partner string us along" ROFLMAO
I bet enami have nothing to do with mdmn either
after all, nothing they say is ever true
IMO the funding is on the way for the ADL. Kirk
kirk has gone from telling us LP would not be in chile if the money wasn't already there, to hoping that the funding is on the way. ADL is toast, I know it,we know it, and soon the whole world will know it.
partner B pump and dump almost over
Bald eagle gave a good march summary
t's been another month for the MDMN record books. MARCH RECAP
That update was written and put out by our PR firm (turned out to be incorrect as was disclosed in 2012 financials indicating no PR hired to date) and yes all news from here in will be through the PR and they will have a hand in writting them as well. You could tell they had a hand on that PR the way it was written. Kirk
The one point that does make the timing of events different this time from other timelines set by Mr Ulander and Amarant is that now this timeline is set and documented (so there is a set date in March?)by the consortium involved in the purchase agreement. This took place in Stockholm when all parties to the agreement were in attendance for those meetings. Kirk
The funding will happen before they have their meeting in Chile. That is a prerequisite of their travel. Kirk (nuff said)
Yes Alluvia IPO is during Q1. Kirk (incorrect, Alluvia lists on the GXG exchange with no guidance provided on IPO plans)
I just got back. I extend trip another day. I never meet with Les when I was in the Vancouver area but spoke to him on the phone. Yes he has left (whoops), I have no comment at this time about the money but I would suggest you go with the update that was put out right after their trip to Sweden. The fuse is lit and nothing said here or whined about on other venues will make a difference. The whole purchase group is on the move and heading to a set time (set date in March?) with the notario. There is no need for back stabbing, bitching and moaning or just plain whining. If you can not figure out at this time where your investment is there nothing that anyone on a board can say to help you. Kirk
There are at least 6 individuals that have contact with management that are saying they left. Do you think they gave us photo copies of their plane tickets so we can post that for you. What proof would satisfy you? Kirk (nuff said)
So there is no confusion the signing at the notario is still happening in March as we were told. As I have posted several times Les was not leaving for Chile but had other stops and I even posted I did not expect them to be in Chile until around this coming weekend or early next week. There is no date with the purchase group being missed or held off. The whole first week of travel was other related business. Kirk (wrong)
As much as you are expecting defeat the meeting in March is on and they will all be at the notario for the finishing touch of the purchase agreement. Kirk (wrong)
Yes I do believe the NDA will be lifted before months end. Kirk (wrong but at least you said "I believe" for a change)
Les and his travels are not the thing we should be watching. Keep an eye on Amarant not on whether Les is in his office or not (still waiting)
Did you ever think that maybe he is doing it that way because he has other business to do? I don't know anyone that likes taking multiple flights that take 14-17 hrs depending on connections. Too many not thinking things out. Just take for granted you do not know what is all taking place. Kirk (clearly)
If you notice that $324,921. is listed under Cash Flows from Operations not from the sale of stock. Also remember that this is cash flow from the last quarter of 2012. I wounder what we will see in the 1st quarter of 2013? Kirk (this money has nothing to do with the LDM)
It's a nail biter righ down to the wire. Kirk (my nails have been bitten off)
Timing has never been a strong suit with this but all you have to do is instead of listening to all the conspiracies is look at the steps we have seen completed and they all lead to this getting done. All I can say is that the key players are not at home and are on the road. Before Les left he said there were lots of stops before Chile. While we are all focused on the ADL there is still other business happening at the same time. Last word I had was basically still on the road and this is getting done. We were suppose to get something from Amarant this week and it is still coming in a couple of business days and it should shine some needed light for many who are on the edge. Kirk (those damn consipiracy theories)
3 business days left before EOM. Oh my what is going to happen? Kirk (nails were eaten off earlier in the month)
Nothing has changed in that the first word will come from Amarant. It is on the way. Kirk (my eyes are getting tired)
Just a short update on recent events. Everything is on track but as I am sure everyone can understand this issue with IGE caused a lot of scrambling in Mr Ulander's camp that pretty much shot everything else down for a couple of days. Having control of all the BOD of the companies involved in this IGE mess they had every right to handle the situation the way they did and there was no impropriety in their actions but that is under the bridge. Now onto MDMN business. Les is still in the thick of his business travels in behalf of MDMN Chile. He has already made extensive travels that cover north America and a trip to Chile for some needed business. From his present location he will be traveling once again by tomorrow afternoon. I am still expecting to hear something from Amarant before month end. Kirk (so the IGE news which has nothing to do with our deal is now being used as an excuse? check)
I simply do not know where some of these posts come from no one said there was an EOM deadline to announce ( I could have SWORN that I read from another poster that there was indeed a SET DATE in March for this to conclude....I can't seem to remember who would have made this type of claim). What Amarant said is that they were to be in Chile in March to wrap this up. Something should be put out by Amarant before the EOM to do with our deal. If you were to go back and read what was in previous updates they are all saying all conditions have been meet. This talk of failing to fund are far off base. Money has been in place to complete this part of the deal since they made that statement. I expect an announcement that will confirm this prior to end of month. I personally am waiting to see if this IGE issue that never should have been an issue in the first place has effected Ulander by a couple of days. As someone said the other day Murphy is still around as he showed up a couple of days ago to make an issue that never existed. I still believe our guys will be in Chile by EOM. Kirk (so money is in place but the IGE issue still becomes a show stoper? Have we abandoned the concept of thining about what one posts before posting?)
I am hearing as well that Amarant is still saying they are putting something out before the EOM. After this IGE issue that took attention away from us, is now pretty much behind them. Kirk (You gotta love the persistance...Rudy, Rudy, Rudy!!!)
We are playing on JJ's field, figure it out. Kirk (field of dreams my friend, field of dreams, I'm just happy to be along for the ride...thank you JJ for letting my buy shares in your company)
from Rick H
"All financing issues aside, the deal on the table is absolutely stellar and unheard of in the mining industry.."
that's right rick, too good to be true. Why do you think the deal is almost defaulted? It doesn't matter how stellar the deals are, they always go south. There is no argument against this. Claiming it's a when not an if is misleading at best, and I don;t hear anyone taking responsibility for putting out such misleading statements.
repeat of partner A
the trick is to get shareholders to think that partner B will perform (so shareholders don't sell), that he has too much to loose (according to kirk, they have already spent millions on lawyer fees ROFLMAO). Meanwhile they are planting the seeds that we have many other options, specially now with the LDM. Hopefully people understand now why that slime decosta has been planting the seed for months that adl was a side show to LDM. Decosta knew this deal would go south, as he is in on the scam. In the meantime insider rats continue to flee
it's a when not an if Rick H
just like I said, it's a when the adl deal goes south, not an if. Unlike what you were saying , that it was a when not an if that they got funded. It appears shareholders are already to go with partner c, so medinah's MO of never delivering is already being accepted. I knew the end was near when characters like ubime start saying " hang on for the rewards" when clearly the end is in sight
yup, adl deal is toast
which is great so we can move to a partner c pump and dump
The embarrassing has quickly transformed into the obscene.
So, Decosta is coming up with a theory that Ulander, the "Gazillionaire" has been engaged in an elaborate scheme of delays on the ADL b/c he's trying to pay less of a premium for the LDM where he has first right of refusal. So we should believe that a flake like Ulander has destroyed his reputation in the mining and financial sectors by failing to close the ADL along with every other deal he has initiated b/c he's looking to pay less for derivative deal like the LDM even though he has plenty of money?
Squashing any ability to IPO Amarant or Alluvia will be worth the sacrifice if he can pay a bit less for the LDM? Risking criminal actions by moving money from one shell company (IGE) to another (Alluvia) skipping shareholder approval to fund the ADL (until KPMG froze the assets) was done purely for "fun" and not for reason of zero access to funds? Seriously?"
now you know who the shills are baldy
decosta, still make excuses for non performance
"The scenario playing out is not atypical to the mining sector when the purchaser has successfully gotten his option on the ADL secured but hasn't had success on getting his claws into the early production opportunities next door i.e. at the LDM. Once he allows us to cash the check his bargaining leverage for the LDM dissipates. If I were him I wouldn't pay until the 11th hour before a firm contractual date is on the doorstep and Medinah could get themselves into a position to put him into default. The need to meet in Santiago in order for the consortium members to get their name onto an encumbrance has supplied him with a nice excuse to stall until the last second before he risks losing the ADL option. Just stall the trip as long as you can. Uhlander obviously wants the early production opportunities over at the LDM."
You gotta love how decosta is always coming up with excuses. He is certainly not in on the scam.
from kirk
in regards to amarant being at default end of month :
"This scenario is a wild stretch at best and runs under the assumption that this whole consortium that Ulander has put together can not come up with 5.7 million. They have probably spent more than that just in lawyer fees putting this deal together."
sure thing kirk, the old " lawyers" again. Just like with partner A when kirk was saying " the lawyers would not be spending money going to chile if the deal wasn't going to go through. And we all know that deal did the dodo dance. This lawyer talk is not relevant. I am guessing LP wants to keep milking this partner B situation for as long as humanly possible.
what's funny is kirk is claiming it is shareholders starting rumours, yet mike gold is the one making the statements "This has already been discussed. Amarant will be in default of the purchase agreement in April. Mr U has very little time left. Happily, Medinah is now in a strong position to act decisively in the matter if they don't/can't perform. We can thank the LDM for that!
adl will never get funded
I notice that both decosta and mg are really pushing the " go at it alone with ldm " concept. I wonder why? I guess they already knew amarant was never going to deliver. It's coming soon, and they are dropping the hints heavily. ADL IS TOASTAROONIE!
from mg today
"Amarant will be in default of the purchase agreement in April. Mr U has very little time left. Happily, Medinah is now in a strong position to act decisively in the matter if they don't/can't perform. We can thank the LDM for that!"
and " everything changed with the discovery of the Skarn at LDM. Shareholders have lost focus on what will drive this investment forward...we owe all this misdirection to Mr U's antics over the last year."
from decosta yesterday in regards to amarant
" I don't for a minute think that they'll NOT perform but it would be interesting to be able to know after the fact which path would have been the best for the Medinah shareholder. "
couldn't get any more obvious than that.
ADL will never get funded
this is already written. No one would give these scammers a cent. A little due diligence on LP would scare any real potential partners away. Funny how decosta comes out today at close of markets to appease. He's still singing his LDM song, and how much leverage it gives us to go at the adl alone. IN the future expect that to be the next carrot. And kirk is still claiming that the " meetings in chile are post funding" So where is the money ROFLMAO