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he did say "should not occur"
he didn't say "will not occur". But if you know medinah, you know that there is always another step after they have claimed there was nothing left to do. That lying filth LP said there was nothing left to do, and then they pull this?
it's also wishful thinking
ANOTHER GEM FROM DECOSTA!!
"The last step in any transaction is to boot off any pirates and sometimes to get a freshened up title search right before funds are transferred."
great, now they are using the "pirates" excuse.
"The Altos de Lipangue properties have always delivered more than expected whenever a new area has been exposed or a new work program initiated. " ROFLMAO
re :2) The "notarization with proof of no encumbrances" for the claims transfer is a new (or previously silent) requirement that has not been noted before to the best of my recollection.
I guess they didn't realize they had to do this when they told us " done, done, done" . Expect more excuses,as that is their specialty.
it's a gift to the longs benny
hopefully it will go a bit lower so the faithful longs can continue to accumulate. Nothing happening on alto for 6-8 months, very nice of medinah to remind us
did you see the video?
according to Rick that's all the proof you need it's not a scam. Ore pile for enami is still missing
kirk says we are in great shape
I am guessing everyone who dumped before amarant admitted adl is not drilling for at least 6-8 months, is in great shape as well. Baldy seems to think it was the amarant update that caused the sell off. It wasn't, it was LP and the insiders who knew the facts dumping before the update. Get your facts straight Baldy, we get enough BS from LP and crew as it is
from LP "bloggers are pessimist, as usual, I am very happy as we move into the new year"
translation " it's not our fault people actually believed when we said it was done, done, done. Folks should know medinah is strictly trading fodder, it's not my responsibility to tell shareholders when I am dumping shares. I am as happy as a pig in a sty, I dumped many shares,and now have plenty of vacation money. I'm hoping my boys do to. For the rest of you, stop being such pessimists. "
kirk says lots coming!!!
I am so excited! Kind of like when he said funding and drilling in september was a fact. Hard to argue with someone who has facts.
Lp and crew gonna close us green YIPEEE
after dumping so many freebies, they have deiced to give the longs a holiday cheer and bring the PPS up. Those guys are the best, always thinking of their faithful shareholders.
like decosta hinted "this year is toast"
I don't know how he knew, but his due dilly is impeccable. Unfortunately he is hinting that amarant are correct, no drilling at adl for 6-8 months, and that's if ever. It may take the the ldm to push someone's hands,and we all know how slow things are progressing there. Even the pile of ore destined for enami is missing in action. My favourite part was watching the insiders dumping the freebies just before the faithful amarant update. Onward and sideways gents
there is nothing to announce
amarant did their announcement, we had a nice run. Amarant said no drilling for at least 6-8 months, insiders sold before announcement came out. Insiders are all fat and very stuffed, staying low key, while longs continue reaching for the carrot.
why no ore Rick?
Doesn't really make sense that they did not film the stockpiled ore, unless of course there is no stock piled ore.
there was no stock pile of ore
where was the stock pile of ore in the video?
I still remember kirk saying " we will be funded and drilling in septermber. That is a fact" When you start wrong information in sentences like that, followed by "that's a fact" , you really have to question what his motives are. That's a fact
gotta love that "set date" ROFLMAO
From the sounds of it, medinah will not be receiving any money any time soon. Expect plenty more lies coming from les and crew
promoters are all hiding
I wonder why? I am guessing they are celebrating a full year of lying to shareholders as to how "we were there"
good post from KMT :
"Meanwhile, the MDMN faithful who need the money and are in desperate postions are getting crucified. What I want to know is who was the significant seller before the Q&A and update came out. Someone knew about it beforehand and was exiting."
yup, them insiders were dumping like crazy. All free shares no doubt. Gotta love how the insiders are blaming shareholders for " over reacting" What a joke. The insiders caused the sell off, shame on them for trying to point the blame at shareholders.
I guess Baldy was lying too !
(LP would/could never sell any shares) ROFLMAO
Handshake called it : dumping started after LP's visit to the transfer agent. It's a beautiful time of the year indeed, Caribbean cruise anybody?
don't worry, be happy
I heard this was their way of gifting the longs, one last chance to load up before the big kaboom. Pretty generous x-mas gift on their part I must say
hi massimo
It appears you have changed your outlook on medinah recently. Would you care to share why? My interpretation of the situation is Lp went to the transfer agent,and has paid everyone including himself for this years family style promotional work. Handshake suggested a similar scenario, and if anyone has medinah history it's Hand. HR suggests the PPS has gone down due to amarant's update, (an update which completely contradicts anything medinah has officially been saying regarding what stage we are at with ADL). I believe we already knew days before amarant's update that something was amiss. The volume said so. I am laughing my head off at decosta's efforts to keep the con alive, he's the best, LP is second best.
BE, decosta is a shill
It appears that in two years of being invested, you have chosen not to see the forest from the trees. Seriously, you actually still listen to LP , and think he is on the level? My only regret for you and your friends is you did not take my advice to dump everything above a dime. 12 cents would have been nice. According to amarant, everything medinah has been saying regarding crews and their mobilization has been a lie. I would certainly not expect to hear any official communication from medinah next week regarding what amarant has officially posted. I can't believe people still listen to the lying filth that comes out of LP and decosta's mouth, but you can make that stuff up. Good luck with the medinah family, really a swell bunch of con men.
the scammers will say " no thank you"
Considering they have been lying about the drill schedule (according to amarant) then they are probably lying about everything else, including the " riches" at LDM. LP already said they would grant an extension. They must have known amarant would put out that 6-8 month update,and that is where all the dumping has been coming from. It's free paper, they don't care what they sell it for. The dumping started before that update, so I don't think it is fair to say it was a market reaction. Somebody knew something. The funniest part is decosta and LP saying that amarant IR is not up to speed ROFLMAO
decosta is hinting our deal is an if not a when
"While waiting for certain parties to perform the deeper your due diligence goes the more accurate will be your predicting of “IF” they will perform or not."
and "I think the key with the LDM results we’ve been getting is that the option to go it alone at the ADL or hop in bed with a different partner comes back onto the table if they don’t perform by “X” date"
great stuff doctor d, you are a great liar
"Remember our management just went through the Group A debacle. I have to believe that contractually they have our partners tied up 12 ways to Tuesday should they try to pull a Group A." Come again? "Should they" try to pull a group A? They already did, a full year of being strung along. Maybe decosta should address all the lies that GC spewed to shareholders almost a year ago at the SHM. Particularly telling us that they would not let another partner string them along for a year.
his other BS line is that we are waiting on the weakest link in the chain of our consortium partner. What consortium? That is LP and decosta lies to pull the "weakest link" excuse.
"In major projects like the ADL in which significant CAPEX is anticipated the need is often to set up a consortium of investors all acting within their own risk capital parameters. We could be waiting on 1 party to pony up his share of the down payments, I don’t know."
the only people not complaining about he current share dump are those getting paid in shares,and dumping.
gotta love decosta and all his excuses
"Back to the Medinah scenario, the question becomes will certain parties end up performing in a scenario like this? Might they want to wait until the last second before cutting some very large checks? Are there abundant back up options that can be deployed quickly if they don’t perform?"
so, he's already hinting at back up plans, that's no good. Sounds just like partner A,and the same excuses as to why they are holding back the cash. Decosta is setting up the trap. I also love this gem from him today :
" I've got a geologist buddy of mine whose job description at a major miner (household name) was to choose viable discoveries, engage the junior into a contractual commitment and then make up every excuse under the sun to allow the major to pay at the very last second contractually allowed." ROFLMAO
well said HR
it appears that medinah has been lying to shareholders when compared to what amarant have to say.
From HR "If Amarant is not going to be starting drilling in 6 - 8 months, then why are there public reports from the company emphasizing the contracted drillers and mobilizing of equipment? While I'm not intimately familiar with the drilling procurement process in Chile, it doesn't make sense to me that drill crews are being mobilized (with an intention of early drilling) if they are going to be waiting another 6 - 8 months to actually drill.
Either JJ is not accurately portraying what is occurring in Chile on the property, or the Amarant update is very poorly worded to the point where MDMN shareholders clearly interpret Amarant as not beginning drilling for 6 - 8 months. Or Amarant put the brakes on moving ahead with whatever drilling and exploration was being mobilized at the time. Is it possible that Amarant's new geologist put the brakes on whatever was about to take place on ADL? I don't know...just putting it out there to try to understand what may or may not be going on.
A comparison of quotes shows the extent of the disparity of information between what we received from JJ and MDMN versus what Amarant has recently described. Obviously the status of what is occurring with regards to drilling and exploration ADL do not add up at all and it is incumbent upon the BOD to explain what has actually gone on in Chile since September, what is going on now, and what will be going on for the next 6-8 months.
Here are the quotes to put this cavernous difference into perspective:
Amarant Mining Ltd. anticipates an early startup to drilling on the Altos di Lipangue property as the funding is now committed.
"Amarant Mining Ltd. has met, to date, all contractual conditions in a timely fashion pursuant to their purchase agreement of July 12, 2012 and we anticipate an early start of the drilling program on the Altos de Lipangue properties."
Crews and equipment are presently being assembled in Santiago and will mobilize transportation of required items to the Altos de Lipangue project site in October. The work will include surface mapping, geochemical and geophysical programs as well as the initiation of a 20,000-meter drilling program.
The property owners state that the $6.7 million, designated for the start of drilling and exploration activities is being utilized to mobilize the commencement of activities on the Altos de Lipangue plateau.
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. To be clear, Amarant Mining is in charge of the Drilling and Exploration activities that are to commence at the Altos de Lipangue plateau. Medinah Minerals, Inc. "is not" in charge, nor orchestrating this pending operation. Medinah Minerals, Inc. has been informed by Medinah Mining Chile that men and equipment have been contracted, are in the final stages of preparation/assembly, and soon will begin exploration activities at the Altos de Lipangue location.
Then you get this update from Amarant on their website:
"Amarant now wishes to bring the project into its own exploration and development system and proposes a site visit and instigation of the programme early in 2013. This will designed and supervised by Dr Michael H Smith....The objective of the visit is to establish and start the work programme aimed at early determination of resources and early move to development and production. It is estimated that the above work will take around 6 - 8 months to complete, in order to commission and roll forward to Geological Mapping, Drilling and Geophysics."
PS, expect decosta to try and sway the conversation away from the glaring inconsistencies which are at the root of everyone's anxiety
well said BE, you nailed jim decosta once again
"Jim. Again, you're the nicest guy on this board but this interpretation of what is actually happening here is so off the reserve that it can't go untouched. You desperately need to take a couple of steps away from the mountain and start to focus on the stock. Is this an investment for you or a pet project? Unless this BOD starts to get a grip on where we stand and what I takes to get Ulander focused, we will see many more days like today. You think this is a form letter put out by Sonja??? This is simply ridiculous. I'm sorry."
I think it should be obvious by now where some of the issued shares go, and why they have been dumping them. Decosta has a lot of nerve pretending things are going swimingly well. Today's update was a total insult of everyone's intelligence with their" beauty and joy that is x-mas" I'm sure the insiders got a lot of joy out of dumping all those shares.
" The Purchase Agreement is still in effect"
translation : the deal has not gone south yet, but it will
"drills at the base of the mountain" ROFLMAO
now we know where all the dumping has been coming from. The amarant update confirms nothing is happening for months and months,and possibly never. Someone knew this was the facts,and has been liquidating daily.
shares paid to family style promoters hitting the market
It seems obvious, like in the past, that someone knows something. This year is a bust, and historically speaking, the alto pump and dump usually lasts a year. So what will next year bring? We will have come full cycle from last SHM where GC categorically stated he would not let another partner string them along for a full year like partner A. It seems the twitter staff are very busy at their trading desks
from Handshake "this share price decline began right after LES'S trip to Salt Lake and the transfer agent. Just sayin'"
yes, we all know LP is a compulsive liar
"august won't pass without an announcement"
"early drilling in september"
"it won't be 18 weeks"
"once the yield sign is off, we can start the PR blitz"
and GC is not much better " we would never let another partner string us along for a whole year"
what do you have?
thanks DonD, LP is a documented liar
The opposite of what he says is true, and you can take that to the bank if you trade accordingly. I love wdl777's line of reasoning as to why this company just cannot deliver : " This is not a real estate transaction....it has many moving parts with several partners with translations and changes" Someone has been talking to LP again.
and to think GC promised he would not let another partner string us along for a whole year. Deja vu indeed. They run a good scam, that's why there is no 5.4 million anywhere
HERE IT IS !!!!!!!!!!!!
A shareholder asked LP if we would be selling our collateral, this is what he had to say " LP stated without hesitation they would sell the collateral after giving Amarant a short extension"
A "SHORT" extension. Let me guess, it won't be an 18 week extension. ROFLMAO I think everyone can now rest assured we will not be getting 18 million anytime soon, most likely ever. I expect we will get one more forward looking update before the new year, the boys will run the stock to keep longs happy, while selling into it.
I can just see the next shareholder meeting now
GC " we are done, done, digity do done, done"
LP " it won't be 18 weeks "
GC " there is nothing left to do, the money is there. We already told you we would not let a partner string us along for a whole year"
Shareholders " great!! Now let's go get some king crab and spend our millions in advance"
By the way Baldy, not paid here. I just love watching a good con, and LP is one of the good ones. I also get a pleasure out of watching decosta and crew put on their lying filth show. The fact people actually fall for it : priceless.
who else would it be?
why do you think they do their best at convincing shareholders that we are always on the brink? Why do you think LP always says nothing left to do, yet there is never any closure? The manipulation of others is a kind of sickness, same with the compulsion to lie at every turn. They don't care if they ruin lives, for all we know they enjoy it. They certainly love playing king of the hill. Gotta love the lying filth.
DECOSTA IS A COMPANY SHILL!!
Baldy nailed him to the cross last night, a beautiful sight indeed
well done Baldy, you beat that shill decosta
I was hoping to hear decosta's rebuttle, but in his typical fashion, he ran away when he realized he could not brain wash you. That's when they brought in reinforcements. Let's see if that conversation stays up on brainwash play
decosta = company shill
He is also a big liar. There are not 6000 shareholders, there may be 6000 accounts. Many shareholders hold shares in at least 3-4 accounts. But because decosta is a company shill, he will do anything to stretch the truth. I love how the slime ball slips in a threat "What’s kind of different in this particular deal is that my greatest fear during the rough times has always been that the management team putting in all of the hours and paying all of the bills may get so fed up with being criticized by shareholders that they say screw it you steer this ship but don’t forget to bring your checkbook along with you."
Baldy keep asking for accountability, you are nailing shill decosta to a cross. He has a lot of nerve defending a company that NEVER DELIVERS on their word. Like GC said "there is nothing left to do, we are done, done , done, the deal would have been done if shareholders had not insisted JJ be at the meeting" What does decosta have to say about that? His high risk high reward ploy is a joke. This company will never yield high rewards except to those flipping the stock knowing medinah never delivers.