Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A very basic question. 1) Has the following 'contract' been signed yet? SHAREHOLDER UPDATE
February 10, 2012
Dear Medinah Shareholders:
Medinah Minerals, Inc. (USA) is very pleased to report that they have been notified by Medinah Minerals (Chile) S.A. of the completion of a Purchase Agreement, among parties, for the sale of the entire Altos de Lipangue group of mineral properties located near Santiago, Chile.
The finalized Purchase Contract comprises an end price of $180 million USD dollars, for the purchase of an 85% ownership in the entire group of One Thousand Five Hundred Eight (1,508) minerals claims. The Altos de Lipangue owners retain a 15% “free-carried” interest in the properties and all production thereafter. Payments include an initial deposit followed by block remittances each 9 months over a 3-year period and a payout at the end of the 3rd year. Until payment is received in full, the purchasers do not earn any ownership interest in the properties. The purchasers may, at any time, complete the purchase of their 85% interest by way of making full payment of the $180 million, or remaining portion thereof.
Question 2)
When will the web site (the official web site) be updated with new and current information, including Dated photos with correct names etc.
Question 3) What was the main reason for holding your SH meeting on Feb.12th 2012 ?
All IMO I am a shareholder not a basher. ( although I didn't actually get a vote) my proxy never arrived)
That might not be such a negative indication. With the lid so tightly on, with MDMN you never know, it may just have swelled to nearly the point of bursting. That is what I am counting on. JMO
When the 'deal details' are revealed will they include detailed material pertaining to " On April 5, 2012 the surface land rights to approximately 47 Hectares were purchased from several land owners."
In other words, land owner names ,etc. ?
Is las dos Marias the same as Los-dos-Marias ? tia
http://www.medinah-minerals.com/images/gallery/01-Los-dos-Marias-adit.jpg
Perhaps this is where my confusion with singular or plural starts...From April 5th 2010 Q -A1
" The Directors of Medinah Minerals (Chile) S.A has requested a formal meeting with Directors of Medinah Minerals,Inc. in Sanriago, Chile. The meeting is scheduled to fully review the Final Agreement Terms & Conditions, and to outline the agreed-upon exploration and development of the Altos de Lipangue property claims. A representative of Medinah Minerals, Inc. will travel to Chile on April 18th to meet with Medinah Minerals (Chile) S.A. and representative members of the Claims Purchase Agreement consortium."
"(MEDINAH MINERALS ,Inc. in Santiago,Chile.)" does this mean MDMN USA & MDMN CHILE combined, or was USA omitted?
We also seem to now be back to using 'Purchasing Company' as opposed to 'Consortium'
All MHO this is a retype
I just want to see what the working conditions are like. The new road, trucks working etc.
Singular once again?
"A complete chronology of the Medinah Board of Director member activities will be reported in the next few days"
"Between the dates of April 19-25, 2012, Medinah Minerals (Chile) S.A. Directors conducted numerous meetings in and near Santiago, Chile along with a Director representative of Medinah Minerals, Inc. (USA"
Does this mean that only 1 person represented MDMN USA?
I get that , but my 7 1/2% my not materialize for sometime to come. I'd like the deal done. I need to buy somewhere else to live right now. JMO
About the update........"After concluding a more intensive on-site investigation of the potential size of the Lipangue ore body, their stated budget recommendation has now been increased to $7,000,000 million dollars."
If you sell your house to someone do you really care if they decide to replace the whole kitchen sink instead of just the faucet.?
JMO
What is your point? Where is this public information?
So have 'THEY' actually purchased it NOW.
It would be more advantageous to find out MDM's specifics. It doesn't really matter what company X does..does it?
"The Purchasing Partner increased the drill program from $5 million to $7 million. I think that demonstrates both a pretty hefty financial commitment towards proving up the property and also reaffirms the realization that Alto de Lipangue is bigger than previously assumed by the purchasing partner. "
Or lets get even more basic here. Is the done deal signed NOW?
An IR person might be more useful to them the way this is playing out. IMO
I guess we'll have to stand in line. I wonder how the other legal issues are 'panning ' out?
just MO
PLEASE DATE PHOTOGRAPHS
My guess is as per my original conversation with my broker about spin off shares the company is doing some sort of restructuring? like hey would say this is my WAG based on my referred to conversation.
restricted dividend shares
So as long as some are happy, good. Others may not be. ALL IMO
Unless those that did receive free.. free trading shares didn't feel that they had won a lottery and said they could't possibly accept them. They might be be delighted to take a nickel or a dime.
Perhaps this matter has all been taken care of. I haven't found that out yet.
restricted dividend shares
This is all well and good I suppose. However In the beginning there were posts ( I have copied them)
that some accounts were credited with non restricted shares. Is this really for the good of all shareholders. I think not... if this is the case?
The post by ... indicated that management was aware of this and was waiting for the dust to settle (so to speak) this was a kmn post on MP starting out "Speaking with Les this morning, he has receive many reports to the dividend. He has copies of several shareholders accounts showing their account already have shares credited to their accounts, of course they are free trading. "
I included spelling errors in my retyped quote.
So as long as some are happy, good. Others may not be. ALL IMO
my spin off shares worth 0 are still a puzzle
I have been trying to find out if all shares were allotted in the same fashion for all shareholders. I'm not having much luck. Can't anything be simple and strait up?
FROM HR
"As far as asking the hard questions of MDMN, that time should come a week or so after the BOD's return from Chile, not while they are in Chile. Last I checked, they are still in Chile meeting with representatives of the Claims Purchase Agreement consortium and reviewing the Final Agreement Terms & Conditions and outlining the agreed-upon exploration and development of ADL. So to me it is senseless to get all worked up at this point in time while I anxiously await the BOD's report on the Chile trip."
This leaves me with the impression that you communicate with BOD and the rest of share holder are back to "week or so after the BOD's return from Chile, not while they are in Chile" .
And they pay good $ for someone to manage their web. Send a photo.
Medinah Energy, Medinah Mining, Medinah Minerals, ( ?Medinah Gold) back to
Medinah Gold Mining? IMO it seems logical.
Please post pictures on the official web site.
So who will paint the close today? I can't afford to.
Any speculation as to why the volume was so much higher yesterday?
I don't know about paint jobs but how about a picture job. BOD E-mail a few current pics of your Chile visit and send them to that wonderfully kept website. They would be official then, and enjoyed by all.
Try it you'll love it. Cost effective, longer rental times, easy to use. All IMO
goalpost My answer would be that "depends" on how old you are.
If MDMN shareholders ( very long ones ) and the BOD keep this going for much longer I would suggest we all look into investing in any company that produces (donepezil) . It might help them make some appropriate decisions. Brains don't stay young forever.
I must apologize to everyone. I should have let everyone know that I was buying a few replacement shares at .1202 therefore the price would be heading down.
Does anyone think that the number of iPhone 4 replacements because of broken front glass at aprox. $160.00 a phone will help or hurt the bottom line? Or will this be a non issue? Just curious.
For the posters that seem to get information directly from....any one of you know where the travellers are today?
Well start using would you please!
Really though they made a taped announcement . How far off base do you think they could stray? IMO shareholders would become very, very , upset if in fact this isn't the real DONE DEAL this time.
They really didn't release the details though, did they. IMO they seemed to have still been working on the DETAILS. That word appears to come from the same dictionary as imminent.
Anyone know where the accountant came from? I do not know for sure but I found one with the same name on TEASPILLER. http://www.teaspiller.com/
Does it start with a G? My wag
I'm sure (IMO) this would never happen. However if all of the dot's and x's somehow weren't to everyone's liking, do they 'BOD' have to give shareholders fair warning that they need more time, to get this already done deal, more time to get done?
IR@SPECIALTYSITUATIONS.COM