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With the way the markets are right now i would much rather have my money in MDMN...
What an absolute Joke today...Snp 500 goes from -3.00 to +1.00 immediately after the Fed announcement and then drops to -9.00 (shook out billions of dollars) and then bounced immediately back to -1.25 (billions more short dollars taken out) and then right back down to -7.50...
If you are not using a High Frequency Trading Algorithm or are cheating in some way then stay away! Almost all stocks now follow the index rather than move according to technicals and fundamentals so no matter what company you hold it will rise and drop universally on these swings. Complete opposite of how it is supposed to work.
Yea where is Krak? I am very interested to hear his take on this.
Hope this stays riiight here for the week...i need to get some more LOOT together!!!
I can't wait to hear what some of the other fellas (the usual suspects) have to say about this update...they are probably trying to pick it apart using forensic document techniques right now.
At 200 TPD ( The first news of substance in some time with REAL numbers)...
By my rough calculations and at MDMN N.A share of 30% we could see revenues of anywhere between $50-100K/ week (at an average of 4% copper (minimum was 3% and a lot of samples were in the 5% range)...that sure sounds good to me and is enough to fund a drill program... this doesn't even include the gold bearing ore which they will be shipping soon as well.
Those financials are going to be a nice wake up call IMO
let the skeptics be skeptics and let us wait for those sure to be juicy financials and who knows what else by then...
haha love the
30 Million cap with some legitimate cash flow and another large asset with deals in the works? giddy up.
Oh you best believe I am loading up! going to liquidate a couple other positions and back up the truck!
I am thankful that this particular update is not yet a PR...almost seems like a little gift to us dedicated holders.
Wow a little bit strange that No one is commenting or reacting in any way to this news...
This is good news but so many people here are just so impatient and bitter that they cant see it and take everything with a lump of salt
WOW now THAT is something!!!!!
200 Tonnes per day!!! at minimum 3% copper and going to be 400 TPD... that is some actual CASH!
This is starting to look a whole lot different now and I am loving the fact that they have chosen a different mill.
Patience is key...starting to shape up
Based on what? The $500 they have in the bank or the "intention" to acquire more land with no money...oh wait they will just issue more shares...OH wait they down even have enough if they max out the authorized shares...
Oh wait they probably already issued those...stop scamming people...
This stock is a buy between .008-.009 for a quick flip in the .012-.015 range. Don't get sucked in by these posters who post old news 4 times a day and display nothing but irrational exuberance
it isn't necessarily a bad thing he may show some irrational exuberance at times but that may just be because he is an optimist. This does not make him a liar or a bad man. He probably feels terrible when either what he is told or what he believes is going on does not come to fruition
I agree that the attacks are unwarranted and highly doubt that any of the "accusers" have ever had any personal contact with the man.
Thank you for that post Rick... makes it much easier to ignore that noise now.
If this was a pump and dump scam and the properties were not legit...they would not be able to keep it going this long IMO..
Perhaps they have strung it out with some bad potential partners but when you are a little nothing company it isn't exactly easy to get the big boys to come look at what you've got... or maybe they didnt want to let go of their baby without a WOW offer.
I haven't lost faith only realize the buying opportunity at these ridiculously low levels. The deal will come and the BOD realizes that we are losing patience via the stock price.
This is a calculated Pump and Dump...buy at .15-.16 sell in the .20s...just be careful because if a few too many start playing like that the MMs will take it to .10...mark it
going back down to .15
Yea lots more selling down to .009 at which point i will be buying
Not yet....going to hit .009 first most people anticipate a move up from here so the MMs will drag it down a little more to shake out a few more before starting the movement back to .015 area
I remember when i used to trade TSX-Venture mining companies and here are some differences from what I recall..
News was not just fluff like estimates or intentions to do things or acquiring more land (even though they have zero capital)
it was more like: -results from SEVERAL drill holes with reported depths and intersections.
-financing structure and plans
-Joint venture opportunities and funding possibilities
-Actual verified resource estimates
-they had several pictures and maps of the property and the drill holes and the anticipated drill holes...
-They didn't do reverse splits every 6 months to wipe out shareholders either.
Basically if you want to try and make money on Pump and Dump scams play pinkys and if you are actually trying to pick a prospective mine to invest in then go to the venture exchange where pirate MMs and corrupt boards do not exist.
Thank you...
I'm just saying all emotions and anger aside there are nice trades to be made in this range...
It is nice to see the bid above the current price for a change and the ask is creeping up. If we can break .04 by end of tomorrow it could be a reversal getting us back to the .05-.06 range before news...
Not great but there is a good trade to be made here IMO
This isn't a buy again until it hits .008 - .009...then you can flip it again at .011 or .012...
Yea there is a chance of that being the case...Look at the financials as well...they have $523 in cash (how are they gonna finance any exploration with that??) lol...also the float being 45 mill or so shares suggests that ownership have been selling a ton with the recent volume.
a company with estimated resources of almost $3 billion and has a market cap of around $5 mill? something doesn't smell right.
Yea there is a chance of that being the case...Look at the financials as well...they have $523 in cash (how are they gonna finance any exploration with that??) lol...also the float being 45 mill or so shares suggests that ownership have been selling a ton with the recent volume.
a company with estimated resources of almost $3 billion and has a market cap of around $5 mill? something doesn't smell right.
Yup...clearly just a shell company...who knows if they even have anything at all...
Here is my take on the current goings on...
Update regarding geological work in Altos de Lipangue, Chile
06/01/2013
Amarant Mining hereby announces the start of exploration work in the Altos de Lipangue project in Chile. At the end of week 2, 2013, the management team from Amarant and geological experts will meet in London for a start-up meeting mapping the project and deciding on milestones to achieve and timetables to complete. The geological team led by Dr. Michael Smith will arrive in Chile week 4, 2013 to kick-start the geological work previously published on Amarant’s home page in the news section.
Further Amarant has decided to establish a new Chilean subsidiary hub that initially will handle the ADL project in the area and oversee all operational work.
The funding of 5 MUSD for covering the exploration costs the forthcoming drilling program is in place and the exploration work is moving along according to timetable.
That was on January 6th of 2013.... Then No news on that front for 5 months until...
ADL Project
11/05/2013
It has come to our knowledge through various web postings that Medinah Mining claims that the deal regarding the ADL project has been cancelled. Amarant Mining has never received any formal notification of any defaults and will take necessary steps to protect its interests in the ADL deal.
Taken straight from Amarants website...
Something is very very wrong with that and someone has done something illegal. How can you have one company saying the deal is dead and the other saying HUH? No one knows what is going on. This also tells me that the deal was not cancelled by Amarant if they are saying they will take the necessary steps to protect its interets in the ADL deal...this is 5 months after they started an exploration program and one month ago today... that is plenty of time to determine if they want the property or not.They never cancelled the deal after the supposed "exploration" so that can be ruled out.
As far as I thought, they had until July 12th (one year) to fund the first tranche. Now it is June 12th and we have medinah saying they have defaulted.
If we dont get a new deal in the next month we will be in the .02s..and if we do we could see new 52 week highs... AS LONG AS THERE IS NO NDA and secrecy and the company is genuinely going to be transparent about the deal terms. Market cap is close to $30 million. so any legitimate deal even close to the size of the last one would get us new highs.
Word of advice...it really does not look good when the stock is dropping and you keep posting news from May 29th for some reason.
It looks like you run a boiler room when you do that.
Well ya done real good so far! trust me its not that easy to make profits like that. Are you trying to flip or buy and hold?
The thing is this is a pink sheet stock so they are more risky and subject to far less regulation. A stock like this if it were on say the TSX-Venture exchange would probably trade 10 times higher than where it sits now. Very few pink sheets make it and a lot of them are shell companies (used as a front to pump and dump shares) be careful and also be weary of people saying things like "Naked Short selling" these are clear indications of pump and dump scams. If the general topic of conversation amongst the masses is (well there are tons of shorts out there so we will get a short squeeze, chances are they are pumping and dumping) you cannot short sell a stock like this.
You are in a good place here especially at that price point. look to take some profit where you can and maintain a core position if you are looking long term.
These boards are a good place to find breaking news or the general consensus opinion but take everything you read on these with a lump of salt.
Better make that a GTC because if some big news hits this will gap big time and could easily end up much much higher
Wow very quiet around here...
Adding today... .50 cent stock by Years end. Lots of industry peers valued much higher.
The float is only 45 million shares??! that is crazy...If i had $800 grand i would buy them all up and try and get a JV going with the CEO myself. Lots of resources here and a ridiculously low market cap.
If they ever ship that darn ore maybe they can afford a proper drill program...
I think we will hear of lots of new developments from LDM once a deal for ADL is in place or is put on the back burner again.
A new deal will bring us back to the teens IMO...LDM at that point could be the catalyst needed to break .20
They must be waiting for low tide a river probably swelled up on the road months ago...
I dont think we get LDM news until this is resolved...sooo July/August IMO.
I can agree we go lower with no LOI but i dont think .02 maybe .03 but at that point i would be a buyer again.. might as well try here rather than wait for the music to stop and not have a chair to sit on in the SnP, Dow and the Daq.
If it drops they may try and prop it back up with LDM though as well...
Anyone know when the gold rush airs? If they find anything on the JOTA that could generate much needed outside interest.
There hasn't been any dilution recently..
It will not take months these guys may be dumb but they certainly understand that we are all fed up and they know this is time sensitive.
I would be a bit worried if they do come out of these "meetings" without some sort of agreement...That would show me that they either lied and there were no other partners or that we have no current suitors and therefore it will indeed take months before we hear anything.
I wouldn't count on LDM news until August/September
We should know soon enough...here is what is not a scam...the mountain. The mountain has the goods. Have talked to several people with expertise in mining and they believe the goods are there... you can say the board is incompetent, lazy, slow, too transparent, not transparent, and many other things that are not so nice and hence wont be said here...
But the reality is that these guys have every reason to make the SP rise as well and are trying to make it happen. They would also much rather sell shares at .20-.30 than .04 and watch it drop to .02...
ADL is what 140 sq km of land with an estimated billions of dollars in resources and we have a market cap of $36 mill... we have the LDM as well not to mention the JOTA which could be nothing but it has 100 drill holes and is estimated at $6 billion in gold...even if it were 1/10th of that the value is there.
Can you buy 140 sq km of land for $36 mill these days? especially that close to Santiago. (I know most of you dont care about these things but reality is that these are the physical assets you are buying into and they look pretty good.
We better hear something late this week or very early next as these meetings conclude. Then we see new highs
Well there we have it just what most people wanted. Let hope something comes out of the trip in the next 9 days...
I have been told to hold as the property has the value and will be moved and when it is moved (for god sakes lets hope very quickly with a competent funder who can start immediately)...the SP will make us all very happy
Back above .05 by weeks end IMO...
starting to show some nice strength and good size blocks still being bought at the ask. Bids coming up too..
one more chance to add here below .05 before it starts to get expensive.
I listened to you subs! my last purchase was for .036 :D...
Agreed :) what i am seeing is people wanting in and not even wanting to risk not getting in by EOD so they are ask slapping. Still not a ton of buyers but the ones who are buying sure seem in a hurry to do so. Otherwise they could put in those stink bids and wait all day for them to hit.
Confidence on my end re-instated due to the support here and the end of the freefall...back above .05 by weeks end...news in june
ZZZZZZZ....
wow what a boring day for MDMN... this lack of updates/news is starting to get to me but at the same time it could be a good thing. Look at all of the previous updates...none of them were well received so why would they bother updating? Even positive updates have caused sell offs because they didn't say everything everyone wanted to hear. still adding here
Ignored the hype and bought some more today...couldn't resist. Saved some powder just incase though ;)
So tempted to pull the trigger here...i think imma have to cut my cost avg. in half!
Well I can definitely agree with your statement about stinky pinky's... If you want to invest in small cap miners of junior explorers then try the TSX-Venture exchange. This is nothing but a lottery ticket but the guy who advised me to buy has advised mne to stay the course at this point....he is a smart guy and I trust his DD so stay the course I will..
I used to dream about dollar land..but now i would be thrilled with .10