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Sorry to burst your bubble.
Anything coming via LP is via a major stockholder ONLY, not an officer of the company.
Nice try.
Your a Little to Optimistic there BoBo
Nice thought, but probably will not run up until
Announcement Time. The rumor mill is Shut Down, unfortunately.
May to to .03 or .035 pre Announce, but the Bad Guys will keep it below .04.
Keep your Pom Poms Close though, I like the new You.
WDL, Let's Hope, I doubt it.
At least we have little info that is not BS or Whiny.
The Hits Keep a Rollin
Common Sense is Prevailing
Repost from MG
"We are in the final stages of obtaining JV. There is no doubt of this. Exactly what day the JV will be announced, I have no idea.
No amount of whining or complaining from shareholders will make it happen any faster. In fact, some shareholder actions could make it worse.
Myself and I'm sure Medinah is absolutely sick and tired of all the armchair quarterbacks here who think they know what is best for the Company.
Juan is running this Company. It is not a democracy. It is a dictortarship. Our opinions have little or no impact on Juan's actions.
Accept it or get out. It is that easy. "
Any Questions?
Finally, A No-Nonsense Post to the Rescue
Here is some Common Sense Info, Take your time to read it all, not just the cover.
Reposted from Doc at MP
Quote from: brecciaboy on Today at 05:01:43 PM
"SOME THOUGHTS THAT I HOPE MIGHT ALLEVIATE SOME ANXIETY AMONGST SHAREHOLDERS:
1) First of all, I have no idea of the proximity of the JV agreement being worked on. Yet once again it “feels” close but I really have no clue. I have the distinct feeling that if one is executed it will be dropped on the shareholders when they least expect it. This is how it should be. I also know that people react to frustration in different ways. Some people roll up their sleeves and figure out a way to proactively dig in to help relieve their own anxiety as well as that of others. The first inclination of others is to lash out and do damage to any party that might have a causative role in their frustration whether it is of that party’s doing or more circumstantial. People are different.
2) I’m not sure if management is going to address the 2 rather interesting “notices of litigation” brought up on the various blogs recently but I imagine they do find the timing to be very interesting (do not interpret that as involving the proximity of any JV deal as I have been through so many dry runs that I haven’t a clue). One school of thought says that dignifying those with an explanatory rebuttal might feed into their intent IF their intent was to distract management from the task at hand. The other school of thought is that once the issue is raised it needs to be addressed lest management’s refusal to address them be interpreted as a plea of guilty. My personal attitude is that only a moron would dignify those remarks or any remarks made in regards to any possible future litigation as it can only work against the corporation and its shareholders. I guess the bashers might win this round if the intent was to stir up shareholder anxiety and induce selling but as far as delaying any deal I would rather doubt it.
3) For those major shareholders that have been approached over the last 5 years by “BB” (one of the parties threatening legal action)you know exactly what is going on and you probably sleep quite well at night as his actions speak directly to the value of the property and the future value of shares.
4) Greg has been constantly riding JJ for many months to communicate more often via “updates” and “Q and A’s”. Greg is currently paying all of the bills for Medinah USA and has been for a very long time. He just cut yet another check to the new promo group which might indicate what he thinks is going on but by the same token he was paying about $7,000 per month for the Las Vegas office well before we needed one. “Following the money trail” often leads to the truth when visibility is limited.
4) Greg is a board member and JJ is the hands on "management" as well as a board member. When Greg signed on as a result of Larry Regis’s urging he made it explicitly clear that his plate was currently full but he’d help out where he could as a favor to Larry. JJ is equally busy with many corporate responsibilities over and above his roles for Medinah and Cerro Dorado which are front and center in his life. His legal practice has taken a back seat due to his involvement with Medinah and Cerro Dorado and his efforts to conclude the long overdue joint venture on the Lipangue property complex.
5) JJ is 100% embarrassed about the Sumitomo and Hochschild "leaks" and is naturally paranoid of a recurrence. In retrospect, this may have been a blessing in disguise as gold has moved up enormously since that timeframe but admittedly that doesn’t alleviate the current shareholder anxiety.
6) The "pendulum" of JJ's communications has quite naturally swung from too communicative to totally buttoned up and he keeps cutting the checks. His superior visibility of the finish line and hopefully its proximity probably makes his mindset become “just hang in there shareholders we’re almost there” and I assume he sleeps well at night. That mindset, however, doesn’t fly with frustrated shareholders watching the share price tank in that they have not arrived at a similar comfort level because of the lack of an insider’s view of the finish line and its proximity and the lack of communication. JJ’s seems to be in a catch-22. Does he communicate more and risk sabotaging yet another deal or does he keep quiet and risk the ire of already frustrated shareholders?
7) There appear to be some very big powers at the table and apparently JJ does not want to allow Medinah to present itself as a bunch of nonprofessionals that can't keep a secret and are not trustworthy business partners. Mining is a very secrecy-obsessed business and loose lips do indeed sink ships as we have painfully learned.
Greg is at wits end with JJ's lack of communication and his being held responsible for JJ’s “communication pendulum” being where it currently is BUT HE UNDERSTANDS IT AND HE REALIZES THAT IT IS WHAT IT IS and lo and behold he keeps cutting checks while dodging shareholder bullets. One must keep in mind that JJ is indeed a very caring person and his leak at the AGM many years ago was made in an effort to REDUCE shareholder angst. He could have pulled this deal away from Medinah while they were technically in default 3 or 4 years ago but he didn’t. His historical relationship with Les is to thank in this regard.
9) JJ's mindset at this moment in time appears to be that anything that's already been communicated to shareholders, anything that might violate an NDA/non-circumvention agreement or anything that might negatively affect Medinah’s negotiation strategies should not be put out into the public domain. Perhaps he’s in a “once bitten twice shy” mode. From a frustrated shareholder’s point of view this attitude sucks right now. Greg’s recent trip to Chile answered a lot of his questions and he confirms that they were in nonstop meetings in Chile with about 5 different parties some of which are interrelated.
10) When a tiny unheard of junior explorer is negotiating with billion dollar major miners there is no such thing as receiving “earnest money” and the like unless the junior is willing to give up something and that typically is “exclusivity” i.e. in exchange for your earnest money we promise to only deal with you while fine tuning the details in contract form off of your previously tendered signed term sheet.
11) Until a breakthrough occurs on any front management and the BOD currently are in a “no win” scenario yet they keep cutting checks. Half of the shareholders say "communicate more" others say keep quiet until the big news arrives. Management is screwed no matter what they do because anything they put out short of a huge press release will be dissed by the half of the disappointed shareholders thinking it was “the big news” and the other half preferring silence UNTIL a breakthrough is made. Individual shareholders frustrated by delays seem to think they have the right to vent their frustration at management and the BOD and perhaps they do. This is especially true if they own Microsoft or GM and their venting of anger has no chance of rocking the boat for all shareholders. The trouble in this particular deal is that the 2 guys that just so happen to be paying all of the bills, making all of the personal sacrifices and with the most to lose are the only parties available to vent at. That sucks for all of us BUT IT IS WHAT IT IS. This reality seems pretty dangerous to those of us familiar with the history of this company that have learned to bite our tongue during these seemingly endless delays. The reality that very few seem to appreciate is that nobody is more frustrated than GC or JJ who have put a lot more money, hours and personal sacrifices in than any of us could ever imagine. The naked short sellers must be just relishing the current chemistry of this deal.
12) JJ reportedly just cut yet another large personal check recently on behalf of Medinah for the Pumillahue project. I don’t think people realize how cash intense the mineral exploration industry is and how fortunate Medinah shareholders are to have some (perhaps used to be) deep-pocketed insiders.
13) Another example of the “management can’t win” syndrome has to do with updates or Q and A’s coming from JJ. After an update a year or so ago the shareholders absolutely teed off on GC for allegedly “over-editing” JJ’s updates. GC’s attitude became OK “ask and you shall receive”. The next update came out in the broken English that one might expect from a Chilean national. Management once again got attacked this time for putting out such an “unprofessional” update. Well, which is it going to be as once again those doing all of the hard work, making all of the sacrifices and paying all of the bills are screwed no matter what they do.
13) The shorts are playing the psyches of frustrated shareholders like a fiddle. It is so easy to induce panic selling under these circumstances that they must be in basher heaven.
14) As it stands now the experienced “tongue biting” shareholders familiar with Medinah’s unique history have a new concern. It’s the activities of those without the discipline to bite their tongue that claim that they have “the right” as shareholders to vent their frustration. All that the disciplined “tongue biters” ask is that these admittedly frustrated folks firstly exercise their right to do thorough due diligence so that they can learn what repercussions might be associated with their exercising of these rights to vent.
15) Interestingly, Greg is averaging 2 or 3 calls per day from naked short sellers wanting to buy large blocks of stock out of the treasury. They are digging a very deep grave as all Medinah needs to do is make some headway ON ANY FRONT whether it be Lipangue, Pumillahue, LDM, a certificate registration effort or the Polo claims. When I say making some headway on any front I mean that with gold at $1,200 you don’t need a potential flamethrower like a Lipangue JV to light the fuse of a bomb the shorts have been building for 12 years.
16) Hopefully the Medinah shareholders that have not been through one of these naked short selling “bear raids” can appreciate that management with no “Directors’ and Officers’” (“D and O”)insurance is highly incentivized to error on the side of being LESS communicative than more communicative especially when it comes to releasing good news prematurely. For these people their families come in front of even the Medinah and Cerro shareholders. Can you imagine the frivolous lawsuits being initiated by those meaning harm to the corporation if the share price advanced markedly upon the release of good news that was not 100% ready to be released and the share price fell back down precipitously when people learned that things weren’t 100% done yet. Trust me when I tell you that our enemies sitting on a 1 billion share naked short position are dying for a management screw up.
17) Yet another litigation was brought to my attention 2 hours ago in regards to our shareholders not getting delivery of demanded for certificates over a very long time. In this one the amount of shares obviously naked shorted was either in the high 8 digit range or low 9 digit range. In the other litigation the naked short sold shares were well into the 9 digit range. In this latter case the criminal proceedings have already commenced with the civil proceedings to follow. With some information received today the net open naked short position being 1 billion shares plus or minus 100 million appears to be extremely solid. We are not going to bother JJ to canvass the street name shareholdings held in Chile until he is done with the tasks at hand.
18) My advice is to expect the unexpected from those that racked up this naked short position. We did a study over at “DeepCapture.com” a few years back of I think it was 15 heavily naked short sold corporations. Either frivolous lawsuits or the threat of frivolous lawsuits occurred unanimously when these battles heat up. Of the lawsuits 14 of the 15 were filed by the same now bankrupt legal firm. The Internet bashers are probably going to intensify their efforts soon. Their job is to induce “FUD” i.e. Fear, Uncertainty and Doubt. When there are an extra 1 billion readily sellable “security entitlements” in your share structure then inducing a certain percentage of the buyers of BOTH real and fake shares to panic sell can be powerful especially if your employees might be forced to cover those positions in the near future. This anxiety is no fun and hopefully our overdue rewards are within sight. A special thank you to management and the BOD and your families for your generosity and for putting up with us. dr. d
(Disclaimer: Do not buy or sell shares based upon this communiqué. It’s intent was to provide some educational information and to create a sense of balance with what is being said on the Internet blogs.)
ROFL
Hand, Now that is funny.
I thought we had to be certified in Minology 101 as a prerequiste to post here
BTW we're Genious'es, not Genious haha
All eyes watch MDMN.
Should announce a bigggg JV with Major Mining /companies within couple of weeks.
Due your homework on:
www.theminingplay.com
Then load up big time, should go to .50 - 1.00 once announced.
They have the goods as far as minerals go, 64 sq miles property ready to go. Roads and Electricity done. Believed to have 3 offers converted to contracts, then KABOOM.
Major Mining Companies and JVing all over the place due to the price of gold, silver and copper. This property has been stated to be one of the richest in Santiago, by Sumitomo Mining a few years ago. They have been trying to get their price for 10 years, and it appears they have it now
Currently on Info Lockdown, as they don't want to blow it. I don't normally post on these sites, but had to share.
I am all in on this one. Good Luck.
All eyes watch MDMN.
Should announce a bigggg JV with Major Mining /companies within couple of weeks. Due your homework on:
www.theminingplay.com
They have the goods as far as minerals go, 64 sq miles property ready to go. Believed to have 3 offers converted to contracts, then KABOOM.
Currently on Info Lockdown, as they don't want to blow it.
I am all in on this one. Good Luck.
Snail Operation Hits the sNAIL on the Head.
HISTORICALLY Speaking
Rod, this has Morphed into Whining Den.
If you haven't noticed
Way to many people waiting way to long for this place to conceive of positivity. Too many stuck in the past to see potential for the future. It all gets lumped into history lessons, 1999, 2005, etc. Personally, I am pulling for Hand on this one. He did call May 5th as Update day, albeit a non eventful one, but one nevertheless.
High potential of being down the homestretch and to read these whiny posts is so pathetic. Yuckkkk, oh well, such is life on IBub, have a great Holiday.
Let's see if this post lasts a day haha.
Repost from Kirk earlier today
"The English summary of the contracts are almost finished. While the English summary is not needed legally. It would be hard to do with out them when the only 2 individuals involved that I know of that read Spanish are JJ and Greg. The English summary would also be needed by the PR people and all the BOD so they can fully understand and explain the contract. Kirk "
200K here
Jack, Explain What the Intractable Man Is?
This Should be Good
Rofl, that's funny. I always have my right hand on my wallet, when I swim with some here.
Little shark, Swimming in a Littler Tank, lol. Hard worker though, I like that.
I crack myself up sometimes haha.
Jack, Mark the Day, I finally agree
with something you post.
Hooray. You high?
Ahhhhhhh, Makes sense why his accuracy is so high lol
I can't even fathom to look at what these MM's portray to justify their actions. I hope that someday soon we will graduate out of the pinkie market, hopefully after some pain is inflicted.
Karl, I am glad it is holding as is.
Considering we have no news, the low volume means minimal selling going on, thus not allowing the crooks towalk it down the way they usually do. Usually when we go this long without Rumors, we drop sub .02 then bounce.
I will throw in 4 Reposts from Kirk on MP today since I am here:
"IMHO actually IMO because there is nothing humble about it. LOL I believe they are reviewing contracts. I can visualize these contracts on JJ's desk each of them around 46 pages long written in Spanish fresh from the lawyers. Could next week be it? ROTFLMAO. Stay tuned because if a tornado does not hit and take the contracts with it, JJ just may pick one soon. Kirk"
"At this stage until every word is read there is no clear front winner. It is a 3 horse race and no lame horses in the running. Kirk"
"This has been an eventfull week for us in Chile. Seems everyone in management has there own analogy to express that things are heating up. When does this wrap up? I have no idea but believe we have hit a new milestone in getting there. Kirk"
"Did I happen to mention that all asked for changes to contracts have been made and things should now be as is. Kirk"
I think may see a bigger volume bump tomorrow as most do not like to risk being hung out on a weekend that is so close to Mgmts timetable to announce the JV. Since there will probably be no leakage until the Announce, it could come any time. Whereas in the past we could always count on leaks to keep the SP supported. Not gonna happen in the new INFO Lockdown ERA
This time it will just be a BAMMMMMMMM, while no one is looking or least expects it. Will be great watching the shorts cover and the have nots try and catch the train runnin down the track.
I prefer that to all the rumor garbage that allows everyone to slam back and all that crap that goes on here. Every time I post here I have to take two Advil with my Afternoon Vodka, as I know a headache soon follows.
Karl, total waste of mental time there
ROFL, When you hang out in Pinkie Ville, there is a certain odor that permeates. When MM's control the buy and the sell, it is tough to win. One of these days, the cesspool could clear. Hopefully sooner than later eh.
As far as them wanting to keep the coaster rolling, there is no way they care about that. If they cared, they would actually try to pump it up. They release virtually nothing compared to a lot of these P and D Pinkies. If you look at what they have and could do to run it up, they don't. JJ doesn't play that. Otherwise we'd already be at .10 or so.
He is playing his cards tight,sunglasses are flipped down, his hood is on and he has reigned in all the leaky faucets, so no one can claim foul once he lays down his Royal Flush. I think it will be played to perfection. He'll catch the Cockkkaaaroaacheesss when they aren't watchin.
Is that Fact or Opinion?
If Opinion, thats cool, if factual, then I guess we should send Bill a TY Card upon closing, and maybe a % of gains? Otherwise, groundhog day would continue, Over and over and over and over, based on history of course haha.
BTW, I would never say that rehashing history does not allow one to be Proactive. Actually it is history that motivates proactivity. What annoys me is thto blindly think that the future will become a repeat of the past, which is nonsense. The past teaches us what to do and not to do in the future to reach sucesses along with insights on how to detour from faiure. AKA experience. Just keep em in perspective, the past is not a crystal ball into the future is all I say.
Drives me nutz when people say I can't do this or that because in the past this or that happened. There are 3 different animals on earth. Past, Present and Future all 3 are unique and two can teach or destroy the 3rd.
JMHO of Course
The 12 Step Program. 13 years can sneak by especially when waiting on a Hope stock to pop. They have been through hell, and I think they will be rewarded, if they do not sell.
Hi my name is Hand, Bill, Geo, Kirk, Mike, Kevin and TUP. We are Medinaholics, haha,
" Hiiiii, Hannndddd.
Moderator: "Thanks for joining our groupppp".
Q. "I am trying to come to grasps on the fact that history may not repeat it self and I actually may become a millionaire before the summer is over.
Moderator: A. "hmmmm, what a problem, my advice get a Jump start on your Memorial Day holiday, enjoy your kids, your families, go golf, camp, head to the beach, go to the mountains, chase tornadoes or whatever it takes to get perspective and take your brain away from this for a while."
Q. But, who can I tell my story to?
Moderator: A. For christs sake, keep it to yourself will ya, give this "the sky is falling", "history is repeating again", "WTF", "where's the deal", "saw this one in 2002" and all that other crap a rest, your fellow boarders are sick of it. It does nothing but wake up the whiners, helps the MM's to wreck the SP and it is soooo pathetic. The last thing the MM's need is help, they've been doing a pretty good job of keeping the MadMan down for several years, don't ya all think.
See ya in a couple weeks. Keep the Faith
I do understand that you Vets are hardened by the past, that is the advantage of not being a long termer. If I had to wait for this thing for as many years as you and Bill, MIke, Geo and others I would've had to spend 20K in therapy.
They are in a corner, let the logistics play itself out . If history continues to repeat itself down the line and the story keeps recycling, I'll be the first one behind the attack dogs.
This isn't rocket science, hell even a rookie can see that far.
Steve, read the history of the owner of I Hub and his Shorting Legal Issues, you will get the picture as to why his posts are sacred. I think Geo Posted it on MP, couple weeks ago also.
This post will last approx 5 minutes. haha
Hand, If I worked in Les's Office and was asked my opinion. I would have taken the first offer, had my vacation house staffed by now with cooks and masseuses, hell, I would've even hired Momo to cut the lawn, since he didn't listen and shorted the stock, he needs the work, lol, and would have said to hell with the stockholders.
My opinion is that JJ wants to give himself, his family and the shareholders that have put up with this for so long what they bought into and more.
What I would not have done is try and predict the future based on a very complex past. I understand that most do, it is called being human. Spending $10,000 in therapy has taught me that I can't roll that way. Keep history in perspective and learn from it, but do not try to prejudge solely based on what hasn't been able to be accomplished. Abe Lincoln's tale should point that out pretty clear. People learn form their past and their mistakes, and smart ones usually don't repeat them. That is why we have Info Lockdown and you are going Stir Crazy haha.
Many disagree, and that is fine. JMHO
Hand,I was answering your question and after 2 Paragraphs, My monitor blew up. I thought a 2 Sentence Response became warranted.
Assume for a second that things are real and not made up, scamn, phony etc. Otherwise there is no foundation for discussion. IMO, JJ is not the happiest with what came behind door number 1. Is it Acceptable? Yes it is. Does he think he can do better behind door number 2 or 3. Or is he trying to get the prizes from all 3 doors. ABSOLUTELY, otherwise we would have been done by now. No one knows at this point. I am certain, having hundreds of thousands of his countrymen living in tents could also be somewhat distracting and does not bode well, with our timetable. He is a good Chilean, a very wealthy landowner and practices law in front of the Chilean Supreme Court, as you know.
I am certain he is doing what he can to help his fellow citizens that are suffereing due to their recent earthquake as well, ( those 90 days can go fast in that environment. I also don't believe that many people can surmise the amount of work that these types of things entail, especially if our management team consists of 1 in S America and 1 or 2 here. and is doing his part to help his friends as well, that I am certain.
JJ or Greg does not get paid until this thing launches. They are motivated by that, not flippling MDMN, I assure you. Otherwise Marketwires, Press Releases etc, would have been done by now. Reasoning is why bother, the MM's will just walk it down to Short it again. Remember this is one of the most heaviily Naked Shorted Stocks in History.
I conclude that they have yet to fight the battle as they know the army is not ready for war. They want to bury the MM's. The only way to do that is to announce the blockbuster,then the Army Wins with Volume etc. If they show their hand early, they can escape. Things are obviously moving along as fast as Chilean Speed allows. He wants to have all three options sitting on the kitchen table before he does eeney meaney, mining moe.
So to Answer your question about My interpretation of Acceptable. My answer is yes it is, just not quite sure it is the one he wishes to Accept.
Nahh, thats to easy, why not go back to the late 90's sure there is some similarities there as well. After all The future is always predicated on the past. and after all as good eagle scouts it is our responsiblity to help all invest properly and share our opinions, which BTW are always Gospel.
We all need to get a good read on the future , and the only way to do that is to rehash the past.
Nah, not any of your faults. It is a function of low volume and the Information Lockdowns that allow the MM's to walk it down. When the SP Recipe only contains an overwhelming lack of patience, many to the breaking point, a dash of "the we've been here before syndrome" let me post something from 2002, and a pound of WTF's, do you think the dough can Rise, Course Not.
Makes you Three Amigos look like geniuses, As far as I am concerned, I am buying so the lower we go Pre-JV the More I can accumulate with my hard earned dollar. I just hate to see the Newbies polluted by the garbage, but that is the pinkie game. When 1 out of 1000 got the goods, it is virtually impossible to recognize a winner, since you've only seen crap. Very difficult to find the forest due to all the trees in the pinkie flippie game. Thats a fact Jack.
Sooo keep up the good work and on with the History Lesson.
Lights on Nobodys Home
Why don't you chronicle back from day 1 and post 13 years worth. That will be worthwhile DD. Maybe Momo can help edit
Did history ever state publicly that they had an Acceptable Offer. If so those lessons are valid. If not, maybe time to live in the present and eye the future. Obviously similarities will exist as they have been working on this for sometime as we well know. Not quite sue that Past Rehash will help anyone.
Should do wonders for the SP while we wiat for June 9. IMHO Only
whateverrrr
Great Update re the Inevitable Squeeze
Bani Holding .006 300%
Slap the Ask
Start paining the tape at the ask
Fight Fire by Waterin it UP
Luv it
Is Bani Consolidating for a run to .005?
I like it. Where did it come from?
Lots of Buys at the Ask. Winning Strategy.
That is how they get defeated, little tape painting helps also
Looks like Smart Money doesn't want to be sidelined.