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What's Wrong With This Picture?
Individuals don't short as is well known, but Market Makers are allowed to have Failure to Delivers (FTDs) under certain circumstances.
The FTD report for July 12 shows 95.4% of the trading was not held in MMs' inventory, "borrowed" against existing shareholder margin accounts, borrowed from other MMs, or pre-located.
Fact, not opinion: FINRA reported 3,100,000 FTDs out a total of 3,248,057 shares traded on Friday!
Not really a trend?
REG SHO was implemented to fix a problem that officially didn't exist. Very effective market regulation. Apparently NSS still doesn't exist, or, at least, was fixed with the REG SHO legislation! lol
OK, I'm sure it's just to increase liquidity allowable under SEC exemption rules, since trading shares that aren't readily available as a strategy to manipulate share price is clearly illegal by MMs. Ever hear of wash trades between MMs? So as not to violate the 13 day rule, which would halt trading in a security by a particular MM making a market in that security, is it possible to swap out a few shares to cover? Surely an MM wouldn't do a wash trade with another MM to make a short position "disappear" off the books!
easy
Get You Shares for Sale...Only 7 Cents!
On June 18 and June 19 when the pps was in the 0.07-0.08 range, the tree was being shaken hard, manipulated, under the guise of creating liquidity. IMO
Presently, only 1/4% of the total shares are trading on a given day. Shareholders aren’t being fooled by selling into these artificially created downdrafts. Is there a pattern?
On the 18th of June 51.7% of the trading were FTDs. That being said, 1,086,565 shares were not borrowed or located with 2,102,407 traded. Same story on the 19th of June, FTDs registered in at 69.8% of the trading. There were1,182,441 short out of 1,693,577 trades tallied at the end of the day. MMs are grabbing and selling shares from somewhere the sun doesn’t shine! Lol
Looks to me like very few longs are actually selling, but someone is snatching up these shares being put up on the market by MMs.
Day of reckoning for MMs is rapidly approaching.
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy
Of Course Naked Short Selling is a Myth.
If it were done in the open and not hidden, it would be illegal! Right? So here we go again! Yesterday’s daily FTD report showed 69.8% FTDs!
FINRA shows 69.8% of the trading yesterday was not held in MMs' inventory, "borrowed" against existing shareholder margin accounts, borrowed from other MMs, or pre-located.
Here's a fact, not opinion: FINRA reported 1,182,441 FTDs out a total of 1,693,577 shares traded on Tuesday.
No one believed xxxxxxxxx was Naked Shorted and manipulated until someone didn't take the time to redact a few emails obtained after the case was thrown out on a technicality in a California court (the naked shorting didn't occur in California). I guess I can't name the company, but it's out there in the public domain, so look it up!
One document obtained had a Merrill President e-mail: "F*@# the compliance area, procedures schemcedures."
Regarding stock borrows, another had a Goldman e-mail that acknowledged that a lot of xxxxxxxxx company's increasing stocks were "trading at negative rebate with non-paying customers," the exact definition of a naked short to those whose business is making a market.
The court motion said that, in many instances, bankers referred to the stock as the "enemy" and planned on "neutralizing" and "failing" the stock. They also explicitly told their clients they would allow them to do the same.
So what is the exact definition of a naked short? The case alleged that fails created six times the supply of xxxxxxxxx stock.
Did the SEC ever step in to stop this activity? Of course xxxxxxxxx was a long time ago, but the case is being continued. No one circumvents the trading regulations anymore! wink, wink, wink ... REG SHO fixed all that. Ask the SEC, they'll tell you...lol What the case shows it that it is time consuming and expensive for any company to bring a NSS case through the legal system.
It's strange that bi-weekly OTC reports show that the average time to cover FTDs is only one day, year after year with MDMN, and that the "actual" short position is negligible on these same reports. Do wash trades among MMs count as legitimate "borrowing" when "erasing" an FTD? From what I've observed, many times when the FTDs are high, trading volume the next few days is not sufficient to legitimately cover these short trades. My question is how'd they do that? When and where did these FTDs go when there was no volume to cover? Why don't the numbers add up?
Funny that shares were "located" so easily. Just askin' - food for thought.
Why did the scrutineer's reported shares represented at the shareholders meeting far exceed the total number of shares issued?
Longs know what they own, and are still accumulating on DIPS, despite the frustration of delays. Once the news of the funding announcement is made, whether a short exists or not, will be of little or no consequence. This will be a value play on the the mineable mineral wealth of the ADL (and LDM) and shareholders will benefit greatly by the completed deal and drilling results.
If You're In, You're In
Invested In the Mountain
... and That's What Counts!
easy
OK,I Was Referring to Illegal NSS Used Manipulatively
as a strategy, and not to provide liquidity in the market, as is allowed occasionally under very specific circumstances.
As Forbes put it:
In regular short-selling, a trader borrows stock, sells it, and waits (or prays) for the price to drop before buying shares back to repay that loan and pocket the difference. There are rules for assuring that the shares have been properly borrowed, and everyone is supposed to abide them.
In naked short-selling, the trader sells the shares without properly borrowing the stock. When the stock isn't properly borrowed, the buyer at the other end of that short-sale doesn't get delivery of the shares within the mandated three-day window. The buyer also loses out on voting rights and tax-advantages until the short-seller closes out the position.
Now, fast working market makers are allowed to sell without borrowing to keep orderly markets. But naked short-selling as a strategy in and of itself is illegal. It is, however, highly tempting for both prime broker and hedge fund trader.
Shorting Used as a Trading Strategy IS Illegal!
MMs, are not providing liquidity, although that is a convenient excuse to hide behind.
The trend is obvious if one cares to look for it:
http://otcshortreport.com/MDMN
Liquidity will be the least of MMs problems once the ADL funding announcement is made.
Will the daily shorting Strategy still be used after this stock is actually PR'd and promoted, that is, after the deal is officially announced?
I certainly hope so! lol
If You're In, You're In
Invested in the Mountain...
and That's What Counts!
easy
What's Getting Overlooked Here?
Date Jun 14
VolShorted 63.73%
High 0.08
Low 0.08
ShortVol 612,405
RegularVol 960,955
Does failure to locate and/or borrow shares by MMs have anything to do with declining pps?
Maybe a little more negativity will help the MMs dig out of the hole they've gotten themselves into. lol
FINRA is Telling the Truth!
Individuals don't short as is well known, but Market Makers are allowed to have Failure to Delivers (FTDs) under certain circumstances.
Yesterday's FTD report shows 75.8% of the trading was not held in MMs' inventory, "borrowed" against existing shareholder margin accounts, borrowed from other MMs, or pre-located.
Fact, not opinion: FINRA reported 764,317 FTDs out a total of 1,007,914 shares traded on Monday.
Not really a trend?
http://otcshortreport.com/mdmn
REG SHO was implemented to fix a problem that officially didn't exist. Very effective market regulation. Apparently it still doesn't exist, or, at least, was fixed with the REG SHO legislation! lol
OK, I'm sure it's just to increase liquidity allowable under SEC exemption rules, since trading shares that aren't readily available as a strategy to manipulate share price is clearly illegal by MMs.
What will MMs do when the funding announcement for ADL comes and assay reports for LDM are made available? More importantly, what will those sitting on the sidelines do? The announcement is coming, and then what will be getting discussed here? I coulda, shoulda, woulda???
If you're in, Youre In!
Invested In the Mountain
... and That's What Counts!
easy
What's Telling For Me-There Is No Shortie!
Individuals don't short as is well known, but Market Makers are allowed to have Failure to Delivers (FTDs) under certain circumstances.
Friday's FTD report shows 56.6% of the trading was not held in MMs' inventory, "borrowed" against existing shareholder margin accounts, borrowed from other MMs, or pre-located.
Here's a fact, not opinion:
FINRA reported 952,601 FTDs out a total of 1,683,513 shares traded on Friday.
Probably just an isolated incident, right? Not really a trend.
http://otcshortreport.com/mdmn
OK, I'm sure it's just to increase liquidity allowable under SEC exemption rules, since trading shares that aren't readily available as a strategy to manipulate share price is clearly illegal by MMs.
What will MMs do when the funding announcement for ADL comes and assay reports for LDM are made available? No worries there! You may want to mark this post too! lol
If you're in, Youre In!
Invested In the Mountain
... and That's What Counts!
easy
Someone Posted a Lot of Q&A Links Earlier
HR, each link had a rather bothersome question before the link.
I won't ask the same repetitive question as I think we'll have a clear answer to our funding partner(s) in a reasonable timeframe this year. I thank the poster for having me look back easily on why I have accumulated this stock for the past five years.
I thank you even more, HR, for having continued discourse on a frequent basis that provides potential investors with informative facts that are not easily found without in depth searching. Considering the time frames of very harsh economic realities involved over the past 5 years, especially concerning funding of projects, I thank JJ (and management) for his persistence in pursuing an increase to shareholder value during difficult times, and progressing to increase the size of the mining area to making a large open pit mining project both feasible and profitable. I repost valuable insights from the same links as previously posted for anyone who did not go through them in sequence. Consider the economic turmoil during the time of each update, and the information being provided shareholders in the most economical way, i.e. posting on the company website:
July 2007
Q) Please explain why we increased our claims by 4X??
A) When our geologists, working in consort with several majors, did an evaluation of the copper/moly claims extending to the south of our main claim group, a recommendation was made to extend our roads to these properties and to obtain additional properties to make a continuous claim block. Our past development programs did not extend to this area.
Q) Why hasn’t the company drilled more??
A) Drilling has already outlined a significant mineral resource on the Alto de Lipangue that potentially expands in all directions and depth.
At the shareholder meeting of May 17, 2004, a clear mandate was given to the Directors by the shareholders to organize the properties and the company into a format that would facilitate the company negotiating with major mining companies for a beneficial Joint Venture Agreement or sale of the properties. There was no desire on the part of Management or shareholders to engage in additional exploration programs or was it considered beneficial to the desired outcome.
Dec 2007
Q)“I have heard rumours that our company President Juan Jose Quijano, recently uncovered a plot in Chile that would cause serious damage to Medinah and the Directors. I am told that if Sr. Quijano had not discovered this plot prior to his completing a major contract for Medinah, it could have disrupted a deal for the Company. I cannot find out through the rumour mill any accurate info about this plot or what it consisted of. Can you confirm this info and can you tell us what this plot was designed to do?”
A) There are many people who do not wish for Medinah to prosper and continually berate Medinah and all connected to the company. A serious attempt to disrupt the company’s affairs in Chile was thwarted by swift action from Sr. Quijano and the offending parties are suffering serious consequences from the Chilean authorities.
October 1, 2008
7) At the February 2008 AGM it was said there would likely be a stock repurchase program initiated soon after JV announcement. Is that still the plan? Please advise as much detail on this as you can.
The Board of Directors will review this matter immediately after the closing and the disclosure of the anticipated JV. If the Board determines that purchasing shares in the open market, to return them to Treasury, is the best use of funds, a buy back initiative will be made at that point.
April 4, 2008
Q) “(1) In the Mar/20/2008 Q&A you stated that "The Company has a scheduled time frame in which to complete a Joint Venture Agreement". So it seems were going through this whole process again. Whats to say once your timeframe is complete we dont get an even better offer and start the whole process over again. What I'm trying to say is have the potential suitors been told that this is the last kick at the can? ??(2) Are we still working on the 150 million euro 15% interest deal, or have better offers come along? ??(3) How many groups are still in the running? ??(4) What is Jaun's defination of very close?
A) (1) There is a scheduled timeframe and we are not seeking further proposals. (2) The terms and conditions have not altered (3) Three (4) Sr. Quijano and his family have been involved in the development of the properties since the 70s. He continues to progress to bring forward the most advantageous agreement commercially possible for Medinah. “Very close” means just that.
June 6, 2008
Q) “At the prior AGM before last Mr Quijano forecast a value of $1 a share for MDMN and $2 a share for CDCH. What is his current estimate of future those share prices? (Note - this shouldn't be covered by any NDA as those pertain to acquiring a property in Chile and not the shares of the partent companies.)”
A) The value of the shares will be determined solely on the economic development forthcoming on the Alto de Lipangue property in Chile. We presently have a substantial mineralized ore body from the breccia pipe, several exciting potentials in the molybdenum/copper properties and the high-grade gold drilling results on the Las dos Marias.??The future influencing the share price will ultimately be determined by aggressive and intelligent exploration of our minerals properties.
Q) “I appreciate your responses but one question that i aubmitted has never been answered. what is the company doing about dealing with illegal short sellers? and 2. please give us some idea about how long we can yet expect to wait to get a JV in place.... it seems that the company has been doing the reevaluation process for more than a reasonable amount of time. I guess my question is exactly what is holding up the signing of a JV agreement?”??
A) The Company has, as previously disclosed, a plan in place to deal with the “naked shorting” situation at the proper time. We have available some of the most professional advisors in the industry to assist us.The potential Joint Venture Agreements are proceeding forward every day, with no impediments and details will be announced when an agreement is finalized.
February 18, 2009
Question & Answer postings are compiled from time to time, as an information source as to company actions and/or activities. Q&A posts will continue in the post-Joint Venture Agreement phase concerning Company activities, to provide ongoing information for the benefit of Medinah Minerals shareholders.
1) What are the estimated quantities of each of the Medinah mineral deposits (oz. of gold, silver, etc.)
A: A very preliminary resource estimate for the Lipangue breccia pipe outlined by three phases of diamond drilling carried out on the project was prepared by Gordon House, P.Geo. on February 6, 2003.
His preliminary calculations were:
6,500,000 ounces of silver
180,000,000 pounds of copper
723,000 ounces of gold
A gold equivalent content of 1,172,278 troy ounces of gold.
2) Finally, speaking of lack of news, where are we with the Lipangue project? What is the current status of negotiations? How many groups are still at the table and when can we expect disclosure on the full status of this situation?
A: Negotiations continue daily to complete the Joint Venture agreements. Management remains legally bound pursuant to the “Acuerdo de Confidencialidad” as signed by MDMN Management in Santiago, Chile on February 12, 2008. Clause 2-201 states the parties will maintain the confidential information “in the most absolute secret”. Clause 2-2:3 further states that the parties will take all reasonable efforts to ensure that all representatives and associates of the parties comply with the obligation of the parties to the Non-Disclosure Agreement as if they had signed the agreement. Each of the various potential Joint Venture Agreement parties that have been privy to negotiations on the Alto de Lipangue project, have been subject to similar legal Non-Disclosure Agreements, binding their Management and Boards of Directors from disclosing parties, and terms, etc. To more specifically answer your question, the two main potential Joint Venture partner groups are moving forward to complete a meaningful Joint Venture Agreement and Management will make full status reports immediately as to any and all significant facts as soon as they are available for distribution. The Company website will continue to serve as the conduit of relative and verifiable information to the shareholder body. All relative data has been provided to the potential Joint Venture partners including, but not limited to, all geological reports, assays, clear property titles, notarized ownership certifications, property access agreements, road rights access, and attained approvals through all Chilean governmental authorities. Further, all the above-noted terms and conditions data has been accepted as “complete” by the respective Joint Venture parties.
July 30 2010
Q: Why does the company not post information on a timelier basis?
A: Not all parties want to see Medinah Minerals, Inc. prosper. Informational streams are used both positively and negatively depending on one’s agenda. MDMN will only report credible and verifiable information on the company website. The company has repeatedly stated verbally, and in print, that we cannot be accountable for misrepresentations, rumors, or speculation posted by person(s) known and unknown.
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy
Dr. DeCosta and The Lipangue Valuation Report
HR, your points are well written and clear. Thank You!
Any Newbies would do well to actually read Dr. Decosta's compendium of valuation, or research the original reports. That's what an investor should be doing before making posts on this or any other board, IMO, DD ALL available information. Be aware of facts and even more aware of opinions not supported by hard facts. Everyone has opinions, it's hard to weed through all of them, but facts are facts, opinions are opinions. In mining investments, prior drill results are an early indicator of the mining potential of the property. They are not the only consideration, as anyone invested long time in Medinah already knows. One should invest according to their means, risk tolerance, and above all, their own DD, IMO.
Need I say more?
If You're In, You're In
Invested In the Mountain
... and That's What Counts!
easy
***************************
The world needs dreamers and the world needs doers. But above all, the world needs dreamers who do.
Sarah Ban Breathnach
"Now is the time to invest in this sector..."
as it struggles to transition from a bear market back to the secular bull trend. The time to enter is at the very beginning when no one believes. This is when the really big money is made. If you wait till your emotions give you the all clear, half the move will be over.
The real money will be made as the mining stocks exit their bear market, re-enter the consolidation zone between 500 and 600, and move up to retest the old highs. It's not inconceivable that we could see a 30-45% gain in mining stocks over the next 2 1/2 months.
Sentiment in the mining index has reached the same levels of bearishness that were seen in the fall of 2008. That black pessimism drove a 300+ percent rally over the next two years. I have little doubt this time will be any different.
Now is the time to invest in this sector as it struggles to transition from a bear market back to the secular bull trend. The time to enter is at the very beginning when no one believes. This is when the really big money is made. If you wait till your emotions give you the all clear, half the move will be over.
Most traders are going to jump back into the general stock market, or tech stocks. You have to be smarter than that. The stock market, including tech, have already generated a massive move out of the October bottom. That kind of move usually leads to a multiweek, or month, consolidation. The odds of another 20 to 30% rally in the stock market are very slim.
The odds of a 20 to 30% rally as the mining stocks resume the secular bull trend are extremely high.
The combination of extreme downside momentum, and irrational human nature has created the kind of oversold conditions and extreme undervaluation that generates an opportunity that only comes around once or twice a decade.
We Don't Need No Stinkin' NI 43-101 !
Right you are M78, as you so eloquently put it!!!
In earlier posts I was pointing to the fact, concerning upfront cash money, that the ADL is going ridiculously cheap for anyone that is even thinking of selling at the present stage of development. Look at Chilean miner Antofagasta Minerals' copper project that has a definitive agreement signed on April 19 with Japan's Marubeni to become a 30% partner in the project for a total consideration of $350 million. This is for a property with average grades of 0.35%. Antucoya is expected to be one of the lowest-grade greenfield projects being developed in Chile. Can anyone tell us what our average CU ore grades are expected to be?
A few here fail to fully parse the full content of what gets posted here by quite a few very knowledgeable traders and investors. Newbies would do well to look at all the available facts for Medinah's properties, and not just the ADL. In post #47846 and #47988 I clearly state, “After all, the goal of successfully negotiating a mining agreement is to provide maximum benefit to all parties.” Perhaps I should have bolded, “This project (the ADL) is being 85% sold off for a maximum cash upfront return of only 0.2% of potential mining mineral worth at today's prices.” Seems to me like both parties to this deal will benefit immensely given the present circumstances and it will get concluded.
Most longs here are "longs" for a reason, have done their own DD, and don’t need convincing, or reminding us the property doesn’t have an NI 43-101, which is actually a national instrument for the Standards of Disclosure for Mineral Projects within Canada. The Instrument is a codified set of rules and guidelines for reporting and displaying information related to mineral properties owned by, or explored by, companies which report these results on stock exchanges within Canada.
Ignore the fact the present deal revolves around a $7 million drilling project that will likely result in a suitable report, but not necessarily an NI 43-101. Joint Ore Reserves Committee Code (JORC Code) which regulates the publication of mineral exploration reports on the Australian Stock Exchange (ASX). It is also broadly comparable with the South African Code for the Reporting of Mineral Resources and Mineral Reserves (SAMREC). The reporting codes are, however, not entirely congruent in practice, in that NI 43-101 is more prescriptive in terms of the manner in which mineral exploration reporting is presented, although the content of the technical reports, and the scientific rigors to which the mineral resource classifications within them are put, are often very similar.
As the saying goes, “One can lead a horse to water, but you can't make it drink.”
Folks, take responsibility for your own DD and invest or not. Leave the trading "games" to the MMs who engage in shenanigans daily as shown on FINRA's daily FTD reports.
Longs know what they own, and are still accumulating on DIPS, despite the frustration of delays.
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy
***************************
The world needs dreamers and the world needs doers. But above all, the world needs dreamers who do.
Sarah Ban Breathnach
RD759-You Are Generous Giving Such a Detailed Answer
Having followed this board for some time you must know this question has been answered here many times before.
While your post is quite professionally written, it has little relevance.
As Wikipedia says, "The publication of a complex technical report with all the inherent jargon, technical wording and abstract geological, metallurgical and economic information may not actually significantly advantage an investor who is not able to fully nor properly understand the content or importance of this information. In this way the NI 43-101 may not serve the interests of those it is designed to protect— the retail investors who may easily misinterpret such information."
If you wanted to maximize profits your post is 100% on target for any major mining operation. As anyone following this project for any length of time knows, JJ has operated on a "shoestring budget" for years. This project (the ADL) is being 85% sold off for a maximum cash upfront return of only 0.2% of potential mining mineral worth at today's prices, and a retained 7 1/2% return of the mining profit itself to MDMN US. It is the size of this project that makes this $500 million maximum upfront payment + a 7 1/2% retained interest valuable to shareholders and will make the pps going forward bloom. See HR's post #48016 to see what direction this company will be taking with the $7 million drill program and your post may become more relevant sometime in the future.
The $2.2 billion valuation placed on the old drill cores, if accurate, would place final mineral valuation on just one of the two poryphry formations at between $130-220 billion in mineral wealth (or somewhere between $9-15 billion retained interest to MDMN US) for just the one poryphry. Risk yes, but definite potential also. It's the old risk vs reward you fail to appreciate in your analysis. Medinah Minerals is not your conventional pink sheet junior exploration mining company. This company has managed to survive the past 15 years, while consolidating it's mining claims into a desirable mineable property, finally (unlike earlier years) suitable for open pit operations on a very large scale. I hope you continue to follow this board for a while longer. Perhaps investing in pink sheet companies is not your true forte.
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy
"come into fruition in the month of June" ???
Of Course!!!
$$$ MDMN $$$
... but I might be willing to give it an extra month or two ... lol
easy
I Agree - 5 Year Charts Are Beautiful!
And we are only now at the start of what WON'T even be considered the floor within a year.
The actual floor will be much higher!
Don't let the F*!#*^!s get you down.
MDMN from exploration miner to CAPITOL company!
The shareholder base is presently very small, but the DD is undeniable for the mineral wealth of Medinah's claims. Once the formalized deal, drilling and mining come to fruition, all long shareholders will continue to look back on the next few years as the ones that made a lifestyle change possible and real.
If You're in - You're In
Invested in the Mountain
... and That's what Counts!
easy
***************************
The world needs dreamers and the world needs doers. But above all, the world needs dreamers who do.
Sarah Ban Breathnach
1st post #32401 my entry pps was <2cents
I'd say my long strategy is paying off nicely.
I don't complain daily at frustration of pps gyrations while accumulating on a regular basis.
I don't post often responding to nonsense posts, either.
MDMN is a winner to anyone with patience.
There continue to be many opportunities to increase positions.
I hear some day traders have done quite well.
If You're in, You're IN!
Invested in the Mountain
... and That's What Counts!
easy
The value of the ADL is Huge!
The deal will be funded.
As longs await the formal ADL announcement, the LDM will provide an indication of what awaits in the adjoining porphyry deposits of the ALTO. Open pit mining for gold of only 1 gm /ton, or less, is very profitable.
In the past two decades, low-grade disseminated gold deposits have become increasingly important. More than 75 such deposits have been found in the Western States, mostly in Nevada. The first major producer of this type was the Carlin deposit, which was discovered in 1962 and started production in 1965. Since then many more deposits have been discovered in the vicinity of Carlin, and the Carlin area now comprises a major mining district with seven operating open pits producing more than 1,500,000 troy ounces of gold per year.
About 15 percent of the gold produced in the United States has come from mining other metallic ores. Where base metals- -such as copper, lead, and zinc--are deposited, either in veins or as scattered mineral grains, minor amounts of gold are commonly deposited with them. Deposits of this type are mined for the predominant metals, but the gold is also recovered as a byproduct during processing of the ore. Most byproduct gold has come from porphyry deposits, which are so large that even though they contain only a small amount of gold per ton of ore, so much rock is mined that a substantial amount of gold is recovered. The largest single source of byproduct gold in the United States is the porphyry deposit at Bingham Canyon, Utah, which has produced about 18 million troy ounces of gold since 1906.
Mineral exploration is a high-risk activity
and the cost can be substantial. While there is never an assurance that a
commercially exploitable deposit will result, projects usually require long lead
times where returns may not be realized for years. This is why small companies or
individuals turn to larger, more integrated firms to develop their property. Likewise,
larger firms, even with significant financial resources, turn to smaller companies or
individuals who may control a property with significant mineral potential, to avoid
the long lead times in mineral exploration.
After all, the goal of successfully negotiating a mining agreement is to provide maximum benefit to all parties.
One cannot discuss royalties without noting the impact royalties have on
project economics and mineral reserves. Royalties, no matter what
type, represent a direct operating cost to the project. Thus, royalties
have the direct impact of raising the the cost of a project.
Landowners generally prefer the NSR royalty to avoid the detail and
negotiations associated with net proceeds or net profits royalties.
Net proceeds royalties vary from 10-35 percent, depending on the agreement terms
and number of landowners involved.
(the preceeding is largely from the PDAC 2005 International
Convention March 6–9, 2005 and an article by Don Tschabrun)
2012 Outlook:
We expect that 2012 will see record M&A (Merger & Acquisition) volumes and values in the
global mining sector. With over $105 billions in cash, pent-up demand for new projects, rising production costs and declining developed world reserves, miners will seek out targets to build scale and achieve cost efficiencies. Activity will be underpinned by
continued demand for base and precious metals by the world’s rapidly industrialising nations. Competition for deals will be fierce.
(www.pwc.com/ca/miningdeals)
So Maybe there is some confusion as to just what type of Royalty we are dealing with here. Management assures us it does have a signed deal. It will be announced on a date already agreed upon. At any rate, expected value in the company greatly exceeding that presently represented by the $2 billion reported for the initial value of already drilled mineral claims is just a start. As a reminder, present drill results on the ALTO represent approximately 5 million tons of ore. Typical porphyry deposits of this type in this region of the world are 300-500 million tons, and are fairly homogenous in mineral content. I’d take either an NSR or net proceeds royalty of a project the size the ADL is shaping up to be. LDM is just icing on the larger cake. We’ll just have to wait until full details and results of both deals are officially announced. I look forward to an interesting and profitable number of years ahead for those of us invested in this company.
If You Are In, You Are In
Invested in the Mountain...
and That's What Counts!
Easy
Amazing Sell-off Today and Down Day!
I'm Glad The Shorts Aren't Running This Show!
If they were, we'd really be seeing some DIPS!
FINRA Daily report for 5-17-12 only shows 56% of shares sold today weren't in their inventory, pre-borrowed or pre-located. What a relief! That was only 756,960 FTDs out of a total 1,342,401 shares traded for the day. lol
Nothing like incredibly high volume (<0.1% of OS) to create the illusion of fearful investors selling off in droves.
Oh, did I mean I mean low volume, (with unlocated shares) for the illusion?
My mistake! lol
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy $$$
Not an Extensive Search
but low grade ores of sufficient tonnage are routinely pre-processed before sending to the smelter:
Low-grade materials containing as little as 0.03 ounce of gold per ton, providing sufficient tonnage is available, are now being field tested for precious-metal recovery. The Bureau of Mines and several mining companies have conducted extensive hydrometallurgical studies to exploit low-grade ores and mine waste material.
... and that's from a Bureau of Mines Information Circular/l978!
Better pre-processing methods are continually under development, and a lot has changed in the past 30 years!
As stated in my previous post:
In the past, gold explorers would shy away from a deposit with less than 1g/t of gold, common in Nevada. However, those who saw the total picture were willing to take a risk in mining for gold in the state. To date, the low grade deposits in Nevada have become one of the largest sources of gold in the world. Total recorded gold production from 1835 to 2008 totaled 152 million ounces, worth about US$180 billion at 2010 prices with the majority coming from low grade/high tonnage deposits in the last 30 years.
Mariner-LMAO Watching Blazing Saddles the Other Night!
The famous bean scene was hilarious. Investors don't have to keep choosing and ordering beans from the left side of the menu day after day. Take advantage of DIPS to accumulate cheap shares! Longs discovered years ago the right-hand side of the menu with a delectable choice of lobster with drawn butter, king crab legs, steaks and fine wines. lol
The LDM is just an interlude before the ALTO announcement that will show the true world class deposits present on this mountain.
Based on the experiences of mines in Nevada (not Chile) it matters little what the final ore grades on the LDM turn out to be. (Most of the following is from an article by Leia Michele Toovey.) Over the years, gold exploration has evolved. The early-day prospectors searched for gold with nothing more than a pick axe and perhaps a gold pan. Today, explorers hone in on a gold resource by using a variety of technically advanced geophysical surveys.
Modern day explorers, while still concerned with discovering gold, are even more interested in the quality of a potential deposit. In assessing quality, an exploration company will estimate the concentration (grade) of the gold, the total amount of gold, the cost of extracting the gold, and the cost of refining the gold. The balance of all these variables determines the value of a mine. The estimated value of a property indicates whether or not it can be developed into a viable mining operation, a transition that many exploration properties never make.
When determining the viability of transitioning an exploration property to a profitable mine, the total picture must be assessed. According to the World Gold Council, larger and better quality underground mines contain around 8 to 10g/t of gold, while marginal underground mines have averages of around 4 to 6g/t. Open pit mines usually have lower grades from 1g/t to 4g/t, but can be highly valuable despite the lower average grade. In all cases, the tonnage contained in the deposit is the last and most important piece of the puzzle.
In the past, gold explorers would shy away from a deposit with less than 1g/t of gold, common in Nevada. However, those who saw the total picture were willing to take a risk in mining for gold in the state. To date, the low grade deposits in Nevada have become one of the largest sources of gold in the world. Total recorded gold production from 1835 to 2008 totaled 152 million ounces, worth about US$180 billion at 2010 prices with the majority coming from low grade/high tonnage deposits in the last 30 years.
I would expect nothing less from Chile's LDM mining operation just getting underway.
If the assays come in at a much higher g/t of gold so much the better. A done ADL deal is still the main show, but I don't mind waiting to see what the LDM can produce in the mean time.
If You're In, You're In
Invested in the Mountain
...and That's What Counts!
easy
I've Only Been Invested Here 5 Years
and I assure you I've had my share of frustrations in that time frame.
But as I said, I've been invested, and have no complaints about the numerous opportunities to accumulate a rather large position with all the DIPS that show up from time to time. No one should be putting rent money in a pink sheet stock. No one should be expecting instant success, or a 1000% return overnight. The company is progressing. How much will the doubters reap with their positions?
All that is valuable in human society depends upon the opportunity for development accorded the individual.
Albert Einstein
All things considered, quite nice!
HR, I agree. Congrats to those who picked up some of the cheaper shares today. I know I did, and I'm not even a day trader! I just keep a few low ball buy orders on hand in case there is a concerted effort to give the appearance of panic selling. I'm sure some shares just moved from weaker hands to stronger hands, but overall, todays "trading" was less than 1% of the OS. Hardly a selloff by any standards. The ALTO deal will be finalized, despite the frustrations of longs that continue to hold, and many longs even increase positions awaiting the day.
What I see is The Shorts Are Running This Show, for now, on those shareholders that failed to comprehend the good part of the news, and only focused on the delay! Those expecting overnight riches have not been watching the progress being made continuously over the past several years. Frustration for all to be sure, but not totally unexpected on a deal that has grown to over 50 square miles of mining rights!
Why we are seeing some DIPS on delays, even though the news is quite good, and the deal is nearing conclusion? $2 million in committed additional drilling revenues does not appear out of thin air, and without additional signatures. That's something longs can understand, but probably not the "flip it - it's a pink" trader.
FINRA Daily report only shows 45.5% of shares sold today weren't in MM's inventory, pre-borrowed or pre-located. That was 3,125,607 FTDs out of a total 6,873,775 shares traded for the day. I wonder how many of those trades were actually wash trade swaps betwen market makers avoiding the 13 day rule? Surely matched trades aren't that hard to find in an avalanche of selling. lol
Shareholders should do the DD and know what this mountain holds in mineral wealth, IMO.
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy $$$
I'm Glad The Shorts Aren't Running This Show!
If they were, we'd really be seeing some DIPS!
FINRA Daily report only shows 47% of shares sold today weren't in their inventory, pre-borrowed or pre-located. What a relief! That was only 1,066,934 FTDs out of a total 2,258,058 shares traded for the day. lol
If You're In, You're In
Invested in the Mountain
... and That's What Counts!
easy $$$
The News is Very Good!
We all know this is a speculative stock and a pink sheet with high risk. Those that are in earlier take on a higher risk and speculate that they will reap a higher ROI than those that wait until later after an announcement comes from a “major” or mid-Tier, and multiple PRs are put forth on the regular business wire. Those who wait until this happens to buy back in should also make a good ROI, but probably not as profitable as those that take on the higher risk at an earlier stage and hold much longer. To me, just a WAG, but FTDs indicate MMs aren't sure of how to handle the impending news, but are willing to try and shake shares loose from weak hands.
As far as I can tell, management has a plan, is making progress in implementing it, and current shareholders will profit despite the volatility in the day to day market fluctuations. If anyone chooses to wait until after a confirmed announcement, that strategy also sounds reasonable to me. If you don't have a plan, you should!
Gordon Gekko: I don't throw darts at a board. I bet on sure things. Read Sun-tzu, The Art of War. Every battle is won before it is ever fought.
AU - Gulp Gulp Gulp
Guess you couldn't really answer HR's question (or mine) on why we might see a high percentage of FTDs. Probably because there isn't really a good answer, especially since as you know, there is no NSS. lol
The previous 3 days had FTDs running at or above 50%. These were all low volume days, didn't amount to much, and just indicate MMs may not have bothered to locate shares before making a trade. Nothing new and as you say:
I guess we have a couple hundred thousand ftd's because I can't see why anyone would be selling right now.
Just a curiosity and observation on Tuesday’s trading.
As reported by FINRA, there were 532,835 failures to deliver (FTDs) at the end of the day’s trading out of 1,005,235 shares traded. A rather high percentage (53%) of FTDs, given the relatively low volume, IMO. To be clear, I don't say a naked short is present in MDMN, just that the daily FTDs appear somewhat suspicious in that an inventory does not appear to be kept by the MMs engaged in making a market here. My understanding is that shorting used as a strategy to control price in a market is illegal, whereas with legitimate market making, the occasional occurrence of an inadvertent short is permissible.
As for Gordon Gekko: "The most valuable commodity I know of is information."
You don't need to cut and paste the information headlined at the top of iHub's page for Medinah Minerals, you just need to read it! It's far less than a million words, but for those with perseverance and insight could mean many $$$ lol
If You're in, You Are In
Invested in the Mountain
and That's What Counts!
Easy
To&For AU replying to "None"-in 14 Years
This is not a "what if" never scored a basket situation, IMO.
It sounds as though you are waiting for something a little more definitive, and less speculative. If "AU" is really interested in a highly profitable, and as yet little PR'd company I'd spend a little less time posting, and more time researching this property, as it may reduce the speculative anxiety you seem to be expressing. lol
As a start I would dig deeper, but begin here:
ALTO DE LIPANGUE
Medinah's Alto de Lipangue claims consist of a gold, copper, silver and molybdenum complex of approximately 10,000 hectares located along the Andes coastal mountain range approximately 35 kilometers NW of Santiago, Chile in the Metropolitan Region of Chile. Medinah's Lipangue claims are believed to encompass a large copper/gold porphyry as first confirmed by Gordon House, former (dec.) P. Geo of Medinah, as suggested by independent geological analysis provided by A.C.A. Howe on the property and the Satellite Imagery Report by Clemente Sepulveda Perez (contracted by Vale and BHP Billiton). It is of significant note that Perez concluded in his report that "2 PORPHYRIES ARE PRESENT AND A VARIETY OF MINERALIZATION TYPES WERE IDENTIFIED. AT LEAST "HUNDREDS OF MILLIONS OF TONS OF RESOURCES" ARE PRESENT IN THE UPPER PARTS OF THE PORPHYRIES AND SKARNS. HE CITES THAT THIS IS WITHOUT A DOUBT A "WORLD CLASS" DEPOSIT."
For the most comprehensive compilation of due diligence regarding Alto de Lipangue, refer to Dr. Jim DeCosta's Valuation Considerations for the Lipangue Deposit.
WHY LIPANGUE IS A DESIRABLE DEPOSIT TO JOINT VENTURE:
1) Approximately a 140 square Km (according to C. Sepulveda Perez) area of landholdings.
2) 18 holes drilled to date identifying an approximately $[2] billion "measured resource" at today's prices (July 2011). This "Gordon" breccia pipe is open in all directions, measures 80-meters in "True width" and dips to the south and east.
3) A second breccia/skarn discovered at the northern aspect of the Lobo property of Cerro Dorado, Inc. "Containing upwards of 3% copper, plus gold, plus moly". The Northern Lobo breccia/skarn outcrops over 1,000-meters in length and 80-meters in width over a 400-meter elevation range from 1,300 to 1,700 meters. This was described by its discovering geologist at the recent annual meeting as "A major mineralized breccia pipe".
4) A "Stockworks" discovery has been identified by one of the visiting major mining firms southwest of the "Gordon" breccia pipe. No surface or depth dimensions are available yet to my knowledge.
5) A 250-meter by 250-meter "Bowl-like depression" (Suspected breccia) near the airstrip bordering the southern Alto and Lobo (Cerro Dorado) properties. This depression coincides with very favorable geochemical sampling as well as Induced Polarization findings of "High resistivity" (heavy silicification from the presence of quartz which often is associated with gold) and "highly polarized" indicating the presence of sulphides often found bonded to various metals. Surface sampling revealed 6-10 gm/tonne gold plus moly.
6) Three past-producing molybdenum mines on site near the 1,000 meter elevation level (the plateau is at 2,000 meters). This finding is very consistent with the thesis of a copper-moly porphyry as molybdenum typically concentrates at lower elevations near the outer aspects of the "Porphyry stock" (Lowell-Guilbert model). At the most recent Annual General Meeting of Medinah Minerals, Inc. Sr. Quijano noted that the molybdenum assay results in this area were approximately 10 times that of the average molybdenum mine. Medinah's head geologist brought samples of very high concentration moly containing rocks found near the Carrizo Mine adit. Native molybdenite looks an awful lot like graphite and has a similar "slippery" texture.
7) Many vein systems one of which, the Fortuna Vein (Cerro Dorado), averaged gold production values of 63.4 gm/tonne from 1940-1970. ACA Howe report suggests that these veins have barely been touched and remain mostly unexplored. Other veins include the Veta Rica, the Guarani, the Caren and the Veta Espanola.
8) Mineralized 80-meter wide shear zone found at Las Dos Marias. This has been traced at surface for over 700 meters before it dipped below the volcanic andesite layer. The 71-meter level revealed a 1-meter intersection measured by ACA Howe as containing 454 gm/tonne gold.
9) Copper skarn/manto discovery at Las Dos Marias on the eastern flank of the "Quebrada Durazno" ("Peach gulch"). The junction between the low sulphidation gold-copper porphyry and this skarn has been identified.
10) 40 Km of roads recently built and/or refurbished. "Road cuts" into the side of the mountain throughout the property reveal mineralization nearly ubiquitous in nature. This is especially true at the "North" road (Cerro Dorado) with its 24 "switchbacks" cut into the mountain side revealing copious amounts of mineralization.
11) Many, many kilometers of adits (horizontal tunnels), chimneys, trenches, shafts, etc. completed over the last 30 years.
12) Tailings piles from artisanal workings average 5.3gm/tonne gold.
13) Close proximity to the Ventanas (Codelco) and Chagres (Anglo American) smelters.
14) Close proximity to the seaport of Valparaiso.
15) Close proximity to a major electrical grid west of Lampa.
16) Close proximity to Santiago (approximately 37 Km)
17) Relatively low elevation of 500 to 2,000 meters with water issues much less severe than the Andean or Atacama Desert porphyry mines at higher elevations where ACA Howe reports the infrastructure to be "basically nonexistent". Water issues, electricity issues and natural gas issues at the higher elevations are a huge problem that might curtail copper production and buoy prices and the attractability of discoveries at lower elevations.
18) Roughly estimated average of $100/ tonne "Rock" containing copper, moly, gold and silver.
19) Extremely roughly estimated ore body size of 800 million tonnes (Via crude extrapolation of an average-sized copper-moly porphyry and an average-sized copper-gold porphyry).
20) Host country of Chile considered by many as the safest and most mining-friendly country in South America if not the world.
21) Over a dozen major mining firms have shown interest by making repeated site visits and signing non-disclosure agreements (NDAs).
22) Porphyry discoveries are considered very homogenous and not likely to present any shocking disappointments as to size and/or grade. Their grades are not supposed to be spectacular. They're known for being huge and of moderate to low grade. They are the target of choice for most mining companies due to their long mine lives.
23) Codelco (the Chilean government's mining arm and largest producer of copper in the world) recently staked the properties contiguous to the south where they recently embarked on an airborne geophysical study.
Invested in the Mountain
... and That's What Counts!
easy
Thanks Billy Jack!
Your thorough sluthing is something we could use more of, instead of posts based on something as ridiculous as tealeaves, and passing that kind of stuff off as DD.
A while back I got the following response from TDA to an inquiry:
"As far as how we hold these restricted shares, we were given a "Contra position" from DTC. This is just like a place marker. What we are waiting for is the actual physical certificate and we will hold this here in house in physical form. TDA has its own clearing firm, TD Ameritrade Clearing Inc."
Your post affirms that we are all likely still holding place markers for our divy shares in street name, regardless of which brokerage we have, until we hear otherwise.
The DTC, as I understand it doesn't hold physical share certificates for the pink sheet companies, but does distribute the physical certificates from the TA to CFs ... correct? So, someone on one of the boards said TDA had something like 340 million shares in TDA accounts, therefore TDA CF should have something like 340 million "regular" physical share certificates backing the "regular" unrestricted share entitlements in street name. Apparently, at this point there are only journal entries (Contra positions), while they await final delivery of physical share certificates, for the restricted divy shares passed to them from the DTC. 34 million restricted share certificates sure sounds like a lot to me, based on what I thought I was hearing from the Scrutineer's Report.
After the announcement is made, however, there will be positive and frequent PRs, an avalanche of new buyers from the community of mining investors at large, and the volume and PPS will increase dramatically. Count on it!
If You're in ... You're In
Invested in the Mountain…
And that’s what counts!
Easy
For those still wondering about divy shares...
I was told the DTC issued "Contra positions" to the brokerages. These are just like a place marker. Just a WAG, but I suspect that physical certificates won't be issued to the Clearing Firms until journal entries are tabulated, books are cleared, and shares to cover are directly bought from the company through the TA ... that is, if enough physical share certificates are not originally held in the CF's accounts to represent all shares of their clients. But since we all know there is no short, or NSS, this process will not be necessary.
lol
easy
Mariner-The Gorilla in the Room Has Spoken
Some here would rather dwell on reading tea leaves or just denigrating management, investors, and what is known about the existing Medinah mining properties.
I've said it before,
If You Know What You Own,
it is impossible to not see the
Gorilla in the ROOM.
lol
Just sayin' ... Yes, longs are going to BE RICH, VERY RICH!
Count on it....
If You're in ... You're In
Invested in the Mountain…
And that’s what counts!
Easy
Mariner- We Know What We Own!
and I know the Alto will Reward Shareholders.
I’m not looking for the “fast buck” here, although that would be nice. All unrestricted “share entitlements” are tradeable at any time. Restricted share entitlements via the divy are not tradeable for six months. If a fast buck is all I was interested in, I wouldn’t have been accumulating these past five years. Nor would I have been putting shares into ROTH accounts on which I have had to pay taxes on the past three years. We each have our own investing styles and goals.
I’m not sure it makes any difference at all to those investing in MDMN for the truly incredible ROI possible based on a deal coming to full fruition. Past history has been frustrating to anyone involved with investing or trading … Medinah Minerals is after all a pink sheet company that all should realize has a high risk vs very very high potential reward. The risk has diminished greatly, and the reward potential has never looked better. Drilling results proving up a value in the company greatly exceeding that presently represented by the $2 billion reported for the initial value of drilled mineral claims is just a start from some indications. As a reminder, present drill results represent approximately 5 million tons of ore. Typical porphyry deposits of this type in this region of the world are 300-500 million tons, and are fairly homogenous in mineral content. I look forward to an interesting and profitable number of years ahead for those of us invested in this company.
Best wishes for a blessed Holiday week-end!
If You Are In, You Are In
Invested in the Mountain...
and That's What Counts!
Easy
HR-TDA Divy "Secret" is known where to look:
Go to "Accounts", "Gain/Loss" Tab, then click on
"Unrealized Gain/Loss" - Divy shares show up there.
If you click on the "Term" column arrow where it says "Multiple",
the arrow will reveal all transactions and categorize according to Long-Term, Short Term, and of SPECIAL INTEREST to shareholders is the one listed as:
"03/29/12 Stock Dividend "
As for those interested in Fidelity I received this:
We do show the stock dividend with the record date of April 2, 2012, for one share of common stock for every 10 shares of common stock held on the record date. Our system updates as soon as we are notified by the issuer that there will be a dividend paid. When Sonia looked for dividend information and did not find any, she was looking for information regarding a regular dividend which is not available for MDMN. I apologize for any confusion regarding your stock dividend.
HR-No need to be Forgiven For Anything Here!
Your posts and patience with the multitude of regulars that traduce the progress made by this company over the years is to be commended. While it's nice to see new "personalities" posting and asking questions, you are quite correct in pointing out that some of the information requested is readily available. If one truly wishes to do proper DD before making an investment here they can start by looking at the Basic Company Information on i-Hub, a superb resource. No need to spoon feed newbies daily. There is an amazing wealth of information compiled on this site for anyone looking to investigate the known geological sampling and history of the properties. While I've only held a position for 5 years, I find your depth of insight and discussion to be more than helpful to the majority of shareholders and traders.
It won't make a wits difference by the time the drill program is completed, and results are widely known, what the past history of this company has been. It's been an amazing ride for any longs here, even if we don't feel the need to post in this forum on topics that have been discussed ad nauseam.
Short term price fluctuations are basically meaningless for me, as I don't day-trade. Long-term ROI in my book is everything at this point, and have been quite content to accumulate a larger position with confidence over the years. I welcome an extra 10% added to my position. I am quite content with my present ROI. Shareholders, even though disappointed that timelines aren't meeting expectations, are looking forward to pending announcements.
Invested in the Mountain ...
and That's What Counts!
Easy
HR Explained Correctly-This is a Small Stock Dividend!
Strictly, from accounting and journal entry perspectives a small dividend (less than 25% OS) in stock is different than a stock split. Any further discussion is just deliberate confusion.
I'll take the 10% Small Stock Dividend gladly, as it is clearly meant to NOT drastically have an immediate effect on share price. Rather, the company is confident in rewarding current shareholders, knowing that Medinah Minerals is clearly moving forward to become a Capital Company with mining assets that will yield increasingly large amounts of cash. As properties are proven up with continued drilling, open pit mining, and 15% retained interest in smelting revenues, Medinah's balance sheet will show profits. The company is poised for rapid revenue growth. Clearly, the company is anticipating rewarding shareholders.
If You're in, You're In
Invested in the Mountain ...
and That's What Counts!
Easy
Just a "Back of the Envelope",
so don't take this estimate too seriously. Wait for a full valuation report to be compiled. The following is a "just for the fun of it" exercise. Surmising that Medinah gets a payout of $90M over the next 3 years ... which represents 5 M tons of ore, and that on average, a porphyry of this type averages 500 M tons, what value do we attach? Roughly, this may represent a cash payout of $2 Billion (based linearly on the original $180M upfront tranches), and that $2 Billion figure is conservative. I use only 1/2 the average percentages already drilled and indicated at attaining the $2 Billion figure. (For simplicity, I’ll assume the homogeneity typical of porphyry deposits, but cut it to 1/2.) Now, surmising full value won't be "proven up" in the first 18,000 meters of drilling ... but say, may take the next 20-30 years, and the upfront cash payout is actually linear... (and rate of payout is every 3 years as re-evaluation occurs). So how would this $2 Billion be paid out? Again rough estimate, if paid out evenly in three year tranches, this represents an additional $200-300 M upfront cash payout every 3 years. Forget that 2 porphyries are indicated on the property, and may actually double this periodic cash payment amount for just the Alto. Now, figure in the 15% "free-carried" interest in the Alto properties, and all production thereafter. Let’s say the total valuation eventually comes in at 50 times the present $2.2 billion, a very conservative figure. What is the cash value to Medinah and it’s shareholders over the next 27 years? Once full production gets underway, imagine an additional $250-325 M to the balance sheet from smelting revenues each year. Note, Medinahs's other properties aren't valuated in the preceding yet either. LDM should provide another additional boost. Ciclon1 and 2, Polo, Poniente, Oriente and Sur? OK, so I'm not going to give an actual estimate of anything we shareholders might expect, but it sure is looking more like an investment than a crapshoot! lol
I'd love to hear some expectations from serious shareholders. Really! What multiple will be applied to PPS for the 15% (7 1/2% for US) carried interest as years go by and cash flows in? Will future 10% stock dividends be dispersed annually following the April 2 dividend this year? Will they be more frequent than annually, and at what point will cash dividends be considered and dispersed to shareholders? For now, I'll gladly take a 10% stock dividend this year while I await my target price to be reached, which should easily be attainable for me based on the foregoing rough estimates coming to fruition. Any and all future dividend payouts, while valuation is proven up and increased, is just icing on the cake!
As I said, just having fun here. lol
If You're In, You're In!
Invested in the Mountain
and That's What Counts!
Easy
If You Know What You Own,
it is impossible to not see the
Gorilla in the ROOM.
lol
Yes, longs are going to BE RICH, VERY RICH!
Count on it....
If You're in ... You're In
Invested in the Mountain…
And that’s what counts!
Easy
Yes, ExB - Great Information Here!
...without having to read tea leaves, or waiting for a Royal Flush to be laid down. Especially when you know the MMs have laid out three aces on the table hand after hand, year after year, and may still have an ace up there sleeve. A bet against the house is never good ... unless you know what your holding! lol
Dr. DeCosta's intellectual abilities to discuss in-depth and comprehensive topics other than root canals is well appreciated by shareholders who have been keeping up with his analyses over the years. Having referenced models for reliably estimating what shareholders might anticipate in future years is quite valuable for anyone investing intelligently. One does not have to rely on cheap parlor tricks, bluff, or dumb luck. I especially like this part of your repost:
For instance, we know that the Gordon Pipe has about 5.3 million tonnes of ore present whose “in situ” value today is about $2.2 billion or about $410 per tonne on an “in situ” basis. We also know that the combined tonnage of the average-sized porphyries of these two subtypes is 500 million tonnes. By extrapolation and with a certain but difficult to define level of statistical certainty, one might predict that the “in situ” value of the 2 porphyries might approach $205 billion. DO NOT BELIEVE THIS FIGURE FOR A MOMENT BUT DO TRY TO GAIN AN UNDERSTANDING FOR THE CONCEPT OF RELATING KNOWN INFORMATION LIKE THE GRADE, TONNAGE AND VALUATION FOR THE ORE AT THE GORDON PIPE AND THE ABILITY TO USE “DEPOSIT MODELS” TO ESTIMATE ECONOMIC VIABILITY.
The BOD knows that the NSS situation will work its way out organically by the company executing its business plan, monetizing its assets, capitalizing on other geological development projects in the hopper and dividending it's revenues where and when applicable. Once the partner is announced and the drilling program commences, and the results reveal what all of the professional geologists that have visited and analyzed Alto de Lipangue, any entities that are carelessly short will realize that they are on the wrong side of the end game.
HR-"MDMN's business has zero to do with NSS"
You are so right! Many here weren't around to remember all the turmoil occurring on account of the the blatant abuses on the Bremen Exchange, and the response from our regulatory agencies. I know you and quite a few others do. The SEC has a long history of looking the other way.
When the SEC released Regulation SHO in June of 2004 a special grandfather clause was drafted into the regulation allowing for all outstanding settlement failures to be immune from the mandatory closeout provisions of the new rule. While this contradicts the bylaws passed down by Congress in the Exchange Act of 1934, the SEC claimed this clause would prevent any possible buy-side volatility associated with the covering of large blocks of fails. The SEC never considered nor addressed sell side volatility in the rule-making provisions.
Dave Patch
Despite all the prodding, there is no selloff...
by weak hands folding. Why? Perhaps there are no weak hands left. Day traders have already flipped. Day trading is unprofitable without volume, so expect mostly share swapping between MMs, IMO, not much in the way of day trading volume. Most longs here have gotten in at a much lower pps. We have mostly full positions, but still buy on DIPS. Any more would just plain be greedy. May trade a few around a core, but not many. Have to have a very large core for that strategy.
As long as rumors keep getting tossed around here, the most credible rumor is that shares held tight are several times the official OS. OK, it's only a rumor, but most longs don't even care about a naked short position that might exist. The value is in the mountain, we know it, and when the JV does get announced, it is only the beginning of value for MDMN and shareholders for years to come. Newbies would do well to review the available DD. What becomes quite evident at the end of each day is that MMs are having a very hard time locating shares.
Advice to all, "Don't feed the Bears!" lol
... as Will Rogers used to say:
"There are two theories to arguing with a woman. Neither works." lol
If You're in ... You're In
Invested in the Mountain…
And that’s what counts!
Easy