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I’m thinking we have been suspended for not reporting!!
CHILE
JUNIOR COMPANIES WERE CAUTIOUS IN 2017
February 2018: Only 38% of small and medium-scale exploration companies reported their project activities over the last year, according to the Exploration Companies Register recently published by Cochilco.
It identified 114 companies with exploration projects in Chile in 2017. 79 of these are junior scale (69.3%), 15 are medium-scale (13.2%), 4 are State owned (national or foreign) and 16 involve joint ventures that are financed by their owners.
The report mentions “114 companies were identified. 43 of them reported their project activities over the last year. Only 21.4% of these projects (294 in total) reported activities during 2017, while 52.7% of projects have been suspended”. (Read more)
Hopefully it’s not auryn and there mofia.
ALTOS DE LIPANGUE WAITS RAMP UP PRODUCTION
October 2017: Production may resume during the next few weeks to commission the Altos de Lipangue project. This is an Auryn Mining project that is comparable to the Andacollo copper mine operated by Teck (TSX: TECK; NYSE: TECK), located in the V Region.
Maurizio Cordova, CEO, said “We are currently constructing escape tunnels and chimneys, to comply with Sernageomin requirements. We believe that we could begin to ramp up production in November.” Read more
Does anybody know what’s happening with this company no news and threw some posts no mining. I will wait for this update if it’s just another wait and see info I’m moving on.
Stop the bleeding give us some news.
What are they doing other than working on the mountain. Lol
Are we mining yet??
Thanks Lots up crazy numbers thrown around
Thanks Lots up crazy numbers thrown are.
Any idea if this opens up much higher tomorrow or sits and lags for a bit longer. Thoughts much appreciated
Any idea if this opens up much higher tomorrow or sits and lags for a bit longer. Thoughts much appreciated
Come on Auryn where is your f-1 filings. Give us a update on the mountain stop the dagger in the back.
3 weeks left hopefully some updates soon.
I’m glad you awake but is mdmn
Very quiet on the Mdmn board. The calm before the storm?
Looks like Mdmn will see some money from les bigbaboon
In the Okanadian litigation matter, Medinah Minerals, Inc. filed cross claims against Les Price and MMC Mines, Inc. On October 2, 2017, the District Court for Clark County, Nevada, ordered judgement in favor of Medinah, and against Les Price and MMC Mines, Inc., jointly and severally, in the amounts of $217,094.95 for damages and $190,902.00 for legal fees, for a total amount of $407,996.95, plus pre and post judgment interest.
Submitted by the Board of Directors
Medinah Minerals, Inc.
It’s almost been a full year with no real news from auryn. What have they accomplished in a year? Are they mining are they stockpiling what the dig out of the ground.Are they Just sitting waiting to go public what!!! Any insight on why they made some test shipments and now nothing for a year. ??
Ur to funny babooner a pumper of Mdmn now the most negative poster of the board. You must be off your medication. Time to change your medication don’t you think. :). To funny
How do you know Kevin is selling,please explain ?
Nice article finally some tidbits of what’s happening and comparable to tech wow!!!
We are expecting news this quarterly, Mdmn as a company coming to a close imo and our new shares of Auryn being converted over. Looks like a a excellent 2018.. going forward.!!!
Let’s talk about something other than Kevin, it’s been 3 weeks since the news everyone is just repeating and quoting the same stuff over and over.
Looks like auryn had a booth at the Chile explore congress 2017
If u look at Kevin's Facebook he got a job working for Microsoft, he also sold his house to move in the area for his new job. What is the issue here Kevin did his job (paperwork)ect kept the Mdmn alive and now we wait for auryn to update us on how the mountain is performing. Let's move on!!!!!
Time to catch Cerro Dorado price :)
AURYN Thanks Outgoing Medinah CEO, Kevin Tupper
We are always judged by our results, rightly or wrongly.
Value is based on a variety of things. One of them is perception. Perception starts with publicity and promotion. The job of public relations and promotion is to take small achievements and present them in the best possible light to enhance value.
Unfortunately there are some who abuse this. They blatantly mislead and deceive honest and trusting people by creating a web of lies. Eventually their lies catch up with them and the result is they end up destroying real value and harming people.
What do you do after that happens? How do you move forward? Someone needs to step up and put honesty back in motion and start undoing the wrong as much as possible and in the best possible way.
For Medinah and its shareholders, Kevin Tupper was that someone. As CEO of Medinah for the last year, Kevin led the effort. He worked diligently and served as a counselor and friend to both AURYN and Medinah. He sacrificed his time and relationships in order to bring a positive result to many shareholders. Unfortunately we have not been able to share much about this. The reason is quite simple: certain issues are still pending. However, I am free to say that the amount of work completed in the last year by Kevin is remarkable. On his own initiative he led the way looking out for Medinah’s and Cerro’s shareholders. He never dictated and always sought to build a consensus among the directors before moving forward.
I have asked Kevin to make a presentation to the shareholders summarizing the enormous amount of work that was done in the last year and the concrete result that has been achieved because of it.
Without question, Medinah and Cerro were saved from a certain death because of his leadership. As a result, the companies remain trading and have maintained their respective ownership percentages in AURYN. With no other business, their managerial duties and expenses have been greatly reduced. There is still risk involved. That is what mining is all about. However we can say, thanks to the work led by Kevin, the only risk we have is normal mining risk.
Please, take a moment to understand what happened here. Take a moment to appreciate and be thankful for all the hard work. It is easy to complain, blame, and demand immediate results. However, if your going to do that, do your homework. Make sure you fully understand the situation Medinah was in and where it was going.
I want to express my profound gratitude to Kevin Tupper and the other Directors for their work with Medinah. There is a time for everything. Kevin is moving on to lead other projects. I wish him the best in his future endeavors. Even so, I am sure he will somehow remain connected. I look forward to him offering his viewpoints and his positive expectation for our success.
We hope that the Medinah and Cerro shareholders rest a little easier now that their ownership interest in AURYN is secured and their overhead is reduced. AURYN continues to execute its mining plan. All shareholders of AURYN will be treated equally as we move forward with our intention to access the public markets and provide eventual liquidity to all shareholders. Further details will be announced in the coming quarter.
Thank you so much.
Respectfully,
Maurizio Cordova
MASGLAS Limited
AURYN Mining Chile SpA
AURYN Holdings Corporation
American Sierra Gold Corp.
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Thanks h rick , Kevin definitely had some advantages in taking over but sorting out the mess les left wasn't a easy job either.
By taking the job Kevin also was given information he wouldn't normally have access too. Pretty good trade off wouldn't you think ,especially if Kevin had sunk or has a substantial amount of shares he wanted to protect. Hopefully he still has shares with Mdmn and hasn't sold off. ?
I believe if he didn't step up this company was sunk
Congratulations on your new job at Microsoft, and Thanks for keeping our heads above water.
Looks like u got ur wish baboon.
President & CEO Resignation Announcement
Resignation Announcement
Less than one year ago I contacted the Board of Directors of Medinah Minerals, Inc. (Medinah) and offered to serve as a director and as Medinah’s President & CEO. Medinah needed someone who understood the company’s history and was willing to work tirelessly along with the Board of Directors to save the company and, as much as possible, redress the actions of its former management.
On October 18, 2016, the Board of Directors appointed me as a director, President & CEO, Secretary, and Treasurer.
On, September 21, 2017, I respectfully submitted my resignation, effective September 24, 2017. I recently accepted a senior position with another company which prevents me from effectively continuing as an officer and director of Medinah.
Gary Goodin, Medinah’s Chairman of the Board, has agreed to serve as the interim President, Secretary, and Treasurer.
Accomplishments
Although my tenure was short, I believe I was successful in what I intended to accomplish. Due to a team effort amongst myself, the Board of Directors, Greg Chapin (former officer and director), and friends of the company, Medinah has survived. We have held onto our ownership percentage in AURYN Mining Chile SpA. We have settled our legal disputes with Okanadian and the Price parties in the British Columbia litigation. We have recaptured and cancelled almost all of the preferred shares and many common shares. We have returned to Current Information reporting status on the OTC Markets Pink Sheets and have filed accurate financials.
I realize not all shareholders have been pleased with the level of disclosure while I was the CEO. Although I intended to be far more verbose, legal counsel advised me to be fully transparent, but to do so only through proper financial disclosures and legal filings reported on the OTC Markets. I heeded their advice without regret, and I suggest that current management continue this practice.
Thank You
I want to thank the Board of Directors and the shareholders for their support during the eleven months I served the company. Thanks to a team effort, Medinah has survived and its shareholders have good things to look forward to as AURYN develops the Altos de Lipangue Mining District.
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Today, September 21, 2017, I respectfully submitted my resignation, effective September 24, 2017. I recently accepted a senior position with another company which prevents me from effectively continuing as an officer and director of Medinah.
Full details can be found on Medinah's website.
Final Settlement Shares Processed
Medinah Minerals, Inc. (Medinah) is pleased to report the completion of the processing of share cancellations from the settlement of its legal disputes with Okanadian Management Corp in the United States, and the Price Parties in British Columbia, Canada.
When the Board of Directors discovered and announced the reporting discrepancies on August 26, 2016, the share structure was as follows:
Common Shares
Authorized: 3,000,000,000
Outstanding: 2,996,448,498
Preferred Shares
Authorized: 100,000,000
Outstanding: 4,122,200
Although the amount of common shares was egregious and problematic, the Class C Redeemable, Convertible, Preferred Stock was more so. The Preferred Shares had conversion privileges for varying amounts (some at 1,000 to 1.) In addition, they had a dividend of $0.10 per share annually and would convert to common upon consolidation, merger, or a sale of substantially all the assets of the company.
Through aggressive legal responses and negotiation, and with cooperation and assistance from friends of the company, Medinah has survived a situation that would have bankrupted most companies. All legal disputes related to Okanadian Management Corp and the Price parties have been resolved. As of September 21, 2017, the share structure is as follows:
Common Shares
Authorized: 3,000,000,000
Outstanding: 2,881,282,073
Preferred Shares
Authorized: 100,000,000
Outstanding: 50,000
At the same time, our ownership percentage in AURYN, which started at 25%, has increased and remains to date at 26.5%.
Details related to the share transactions through June 30, 2017 were released in the 2017 Q2 Financial Disclosures and are available on OTCMarkets.com. The details for any transactions occurring since then will be reported in the 2017 Q3 Financial Disclosures.
Submitted on Behalf of the Board of Directors
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So it's looking like an amagumation or a buyout any thoughts??
Looks like Kevin has a new job working for Microsoft, hopefully he has time for Mdmn.
If the property is a bust then why would Auryn persue a public exchange?
Will do:)
So we gave les more shares for nothing in return.???