Good info. Call me nieve but I think Masglas/Auryn will do what is in the best interest for all involved. I'm basing this on their current actions. They are spending millions of dollars to prove the property. They have taken control and effectively eliminated the bad blood. It now just comes down to mining and producing revenues.

I'm hoping once Masglas/Auyrn finishes their audit of Medinah's books shares issued to insiders for less than ethical reasons will be returned to the treasury.

That is a very good question. I think the who and the why are obvious. It's the how that has me curious.

Past Auryn appointments have stated no compensation. None stated with this updated.


I'll be interested to see 3Q results and Auryns forensic results of Medinah's past and present Reportings.

Or this. Which eliminates MMC, Juan Jose and Les Price.

MEDINAH Reports on Dissolution of Medinah Mining Chile S.C.M.

Press Release -- July 11, 2016

Las Vegas, Nevada – MEDINAH Minerals, Inc. (MEDINAH) (OTCMKTS: MDMN) announces that Medinah Mining Chile S.C.M. (MMC) is transferring all of its assets to MEDINAH. These assets include a 25% equity stake in AURYN Mining Chile SpA (25,000,000 shares) and a 15% equity stake in NUOCO S.C.M. (150 shares).

MEDINAH has named Mr. Andres Merino, a Chilean mining and corporate lawyer, as the sole trustee and representative for MMC in order to accomplish this process. Subsequent to completion of the transfer MMC will have no other assets or corporate activity and will be dissolved.

Submitted on behalf of the MEDINAH Minerals, Inc. Board of Directors

Investor Contacts
Investor Relations
Website: http://medinah-minerals.com/9
Phone: 702-605-4715
Email: info@medinah-minerals.com

Seems like reasonable intelligent info. Nothing rah rah or Valley Girl about it. In fact the exact opposite. Telling it like it is.

http://theminingplay.com/uploads/db1184/original/1X/aa7de00f3f8776887477e53f30c685ba4f52a741.pnga

For the most part criticism of Medinah on this board is deserved. I can understand the angst. From my prospective based on Masglas/Auyrn actions we are moving towards positive long term share price appreciation starting 4QT 2016 and continuing. Pick your bottom. MOO...

IMO this is a first step towards, improving Medinah's image in the market place, improved corporate communication and distancing themselves from the past. JJ and his shanagins are gone and I am confident Masglas will clean up any past discrepancies. I did not like the wording "ensure the CONTINUED integrity of Medinah financial statements. That remains to be seen. I think Masglas is sincere in their efforts. It's important Masglas completes their analysis before the October shareholder meeting. MOO.

MASGLAS, a significant Medinah shareholder, will work in concert with Mr. Goodin to accomplish a comprehensive analysis of Medinah’s books and records to ensure the continued integrity of Medinah’s financial statements. During this process all of Medinah’s assets and liabilities will be scrutinized in detail. The goal of this effort is to improve the effectiveness with which Medinah communicates its results and financial condition to the investment community and the mining industry

I would think based on the below statement from Masglas they are counting on Share Appreciation. I would suggest less focus on the past and more on the future.

Masglas is a shareholder, with over 20% of the share structure, of Medinah Minerals Inc. (MDMN OTCBB-Pink), which in turn owns 25% of AURYN Mining Chile SpA.

http://www.medinah-minerals.com/?testimonial=shareholder-update-may-13-2016

I'm going to reserve judgement until the MOU is finalized next week and the terms are made public. One last benefit of doubt. And I mean last.

http://www.medinah-minerals.com/?testimonial=shareholder-update-april-5-2016

Seems like a new direction with the MOU. So, I don't know what you mean by "same old, same old". Please explain.

Its going to 0.012 without substantial news. That's the bottom. Just ask Blockman.

Speculative. With potential.

As of today. 5% of Auryn is 5% of nothing. Speculative to say the least.

This stock is currently grossly undervalued. I understand all the reasons why. Based on recent updates from Auryn and Medinah it has become a longer term play. Auryn has publicly stated they will use near surface production to fund the $100M option. They are currently bulk sampling the near surface material. I don't see ore trucks rolling down the mountain until late US spring. I don't see revenues until early US fall. So without changing developments we are far from an option exercising and any significant movement in the stock price.
Flip away.

I meant by the end of our summer. But it's a good question. It depends on the Engineers report. Can they ramp up production in the near term and avoid the perils of winter conditions and the poor conditions of the roads. It's a question that doesn't yet have an answer. Based on the Option Terms minimum SP is about 7 cents once the option is exercised. When funds are available I'll buy and hold and wait for a respectable return.

If they do not perform months before August of 2017 we have a serious problem.

"A team of mining engineers is travelling to Santiago in February to start the preparation and design work to achieve AMC’s production goal. We expect it to be cash flow positive that will supplement AMC’s exploration efforts and ultimate exercise of the JV Mining Option Agreement."

I agree with your statement. Auryn has stated they will pay for the option with early production revenues. Enough Revenues will not be realized until late summer at the earliest.

I had the same problem a few months ago. Click on the flag in the right hand corner. You will see options. Click on "This ad is inappropriate" Do this every time the ad pops up. It should go away after you do that several times. Good luck.

If your are staying invested in Medinah you should keep up. It did not come from a Mike or a Les. It came from the company.

The most lucrative part of the contract will be the retained interest returning dividends for the entire life of the Altos de Lipangue mine properties."

The shenanigans of the past are now history. From the very start Auryn put a cap on the share structure to prevent further dilution. Well done. That takes care of previous dubious actions. They have spent millions of $ consolidating the claims, a massive undertaking to say the least, along with exploration. Mining in South America is a small community with decades of reputations on the line. The Letts know what they have. We should pay more attention to their actions and less to Medinah's history. Keep your eye on the ball.

I think Chapin controls the bank account. But I'm guessing just like you are that Les does. I doubt dubious actions by the BOD as long as Roberto Letts is on the BOD. I agree past actions by JJ and crew cast a wide shadow but recent Auryn discoveries and actions should give one pause to consider a more positive path.

I repeat as it is telling.

"The most lucrative part of the contract will be the retained interest returning dividends for the entire life of the Altos de Lipangue mine properties."

The last sentence isn't boiler plate material.

"The most lucrative part of the contract will be the retained interest returning dividends for the entire life of the Altos de Lipangue mine properties."

There once was a Geogists or mining pro that posted here from time to time. I can't remember his handle. He was Very familiar with the ADL. Sure would like to hear his take.

Opinions in regards to the new project page on Auryns Web Site?

http://aurynmining.com/project/

Post the positive and negative. Okay by me. This should be a sticky post.

Why would someone execute a form T sell @ 0.0126 when the bid was 0.0131?

There has been example's both ways over the last month's. I wouldn't read much into it.

Do you know for sure it's Claro?. Just curious. Perhaps the fact this stock has been a major disappointment with shady dealings it's just retail selling. Personally, at these levels and based on Auryn driving the ship and the Medinah BOD relegated to the back of the bus, I'll be buying when the time is right.

From some who are large shareholders and do not post. Auryn is preparing a detailed update in regards to progress on the Merlen (sp?) veins and future exploration plans on the ADL. I don't know if the info is good or bad. Should be out in the next few days.

""""Yes something has changed... And some of us have certainly noticed and do pay attention to it... even have a agood idea of what it is and what it means... """

I gave you my take. Fairly outlandish but at least I had an opinion. For discussion purposes. What do "some of us have a agood idea of what it is and what it means..REALLY MEAN? IYO.

Interested to hear.

Hypothetical. What if an insider owns millions of free shares and a fancy lifestyle that requires a large daily influx of cash. He sells a million shares a day to support this lifestyle. Someone decides to counter his selling with buying at the ask to keep the sp from doing a free fall. This game amounts to about 2m shares a day
in trading volume. The someone buying at the ask is supporting a degenerates life style. The insider stops selling shares for whatever reason and the buying and selling stops. Thus 23200 shares traded today. The 23200 traded today might be a true indication of external interest in this play. When is the last time there was a newbie on this board. We are arguing amongst ourselves. Just a wild ass guess.

Either that or they finally reigned him in from his reckless behavior. We'll see tomorrow.

I think they are due by the end of this month.

We heard six months of jabbering about "drilling" when there wasn't a drill rig on the mountain. We see how that work

I believe you are correct. They seemed to concentrate their efforts during the winter months on trenching the Carin claims. Specially the five Merlin veins. At least that is what I gather from their most recent update.

No Les and Claro do not keep selling...

I think you got it half right. JMO....

Bad guess. He's in Europe.

Good info ferReal. Isn't it interesting some fail to read and digest public information from the company. I guess 47 pages is a bit much for some.

MDMN is cetainly not a scam...
The Mountain exists...
The Mountain contains ore...
Auryn is a real and legitimate partner who is drilling out the property to analyse it's content...
Auryn is well connected to Volcan mining of Peru...

I can agree with you on the above points.

The link deserves a Sticky Post. Progress?

http://www.medinah-minerals.com/?testimonial=shareholder-update-august-26-2015

What happens if Auryn cannot buy JJ's shares and get control of Medinah?