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Thanks JP
it has become obvious that decosta just makes things up (PLCD) and puts them in abbreviations to make is seem like he knows his stuff. Since most shareholders don't know their "stuff' it appears as decosta has some superior knowledge. It has become extremely obvious decosta is nothing but a shill and a con, just like his partner in the north. A couple of slime balls acting like good guys. (that's for you stevej, eventually you may get it)
I'll tell you who Rick
the same scum bag sources that were telling Karl, GC, GEOLY, Baldy and several others that that week was the one. Probably the same guys that a short while later were on the offer at .0575 when you were calling for a buy signal. These sources don't lie through their teeth just for kicks ya know. Let's not pretend the partner told LP it was a go, and he told two people and so on. Unless our partner is another criminal, I think it is safe to say the lies all start with LP. He tells a few people to spread some rumours so they can unload shares, no other reason to do so. Hope that clears it up for you
Rick H posted he was going on scoot alert
"I'm not going to throw out any dates, but I will be on the edge of my seat this upcoming week"
I offered that he had best rest his back, there would be nothing happening this week except maybe some spreading of back channel lies. The same back channels that promised 4 months ago that this week was the one, while quietly unloading shares.
adl deal is a bust!
They won't tell us this until may- june though. In case anyone one is wondering why may-june, doc has offered that "In Chile, things go super slow"
not to mention there are still a few fools left thinking medinah will deliver, and scammers promoting the same. Over on MP doc has offered a good reading on why we don't need the adl JV to deliver PLCDs. Recommended reading for those who think they will be making a mass exodus when adl is officially toast.
and most know your ability to predict medinah's capacity to monetize the adl regardless of where you stand on the subject.
5 months of saying "any day now", and 2 failed deals worth of "it's a when not an if" tells the real story.
"You only need to be right once, but if you've been wrong a million times, you'll be wrong a million more"
It's going to take a while to chew through that second million
makes you wonder who else knows what's really going on
particularly those who seem to be in accordance with what he says. Anybody else on high alert for adl news?
speaking of opinions, you stated "The only current fundamental development is that Les Price remains in South America (currently Chile) working on corporate business"
Considering your information is base on rumours, particularly since not even the company said Lp was going to south america, I would hold off on any "edge of seat" posturing. It's bad for the back
SuperD
you should know by now that terms like "set date, set deal etc" are synonymous with nothing going on under the hood. It's unfortunate Mike gold had to even bring it up,as now we know for a fact that they will not be announcing any adl deal while LP is on the loose. Considering LP's track record of lying through his teeth,and leading shareholders on wild goose chases, there is no actual proof he is in south america. I think they just needed to buy a months time in which LP did not have to keep lying about being "done" . Not to mention all these shareholders badgering him where putting a serious dent in his drinking. I have it on source that they are gong to squeeze the adl non deal until the end of april,and then they will start presenting the new royalty play model in full effect. NO-CO (nuoco) is partner D,and they are working on partners E and F. The doc has offered enough bread crumbs for everyone to know what lies ahead.
"consider me a fool Karl"
Done.
you are welcome Rick
the unfortunate reality is we are still partnered with LP, so as this deal drags on for 5.5 month of being "done", you won't have to question when it goes south. The real question is why do people think that Lucy is finally going to play nice with Charlie brown? Did the tiger ever change his stripes? When this deal goes south ,and they continue to push the PG/ royalty streamer model as the quickest way to deliver progressively larger dividends, nobody can naively say " I didn't see that coming" . The writing is on the wall, and that is undeniable. We are weeks away from the 6 month mark of on "any day status". Laughable at best. I look forward to the next time the BOD talk about dividends, shouldn't be long now
We've seen your DD paddy
and you were dead on when you said 2 years ago that some here were going to be looking foolish after the failed JV. Other than that, I certainly don't consider repeating doctor shill's words as DD. But in JP's defence, (not that he needs it) his DD is fierce. Soon everyone will know that decosta is just a shill, and that the adl deal is not going to happen, not with partner C. In case anyone has lost count, we are already courting partner E
good point Rick, it appears JJ likes working with criminals and fraud artists.
Borkowski,Uhlander, LP etc. And some folks wonder why medinah never delivers?
decosta is a shill paddy
you yourself have posted that you bought shares on his recommendation. That makes him a good shill
he's a shill steve
everyone is welcome to buy the bull though. 17 years worth
" a little bit more" Rick? LOL
how about another two weeks out, how's that work for you? Because as you know, LP doesn't return until the very end of march, maybe even early april. Adjust expectations accordingly. At this rate we should be in the low 3's before we hear anything substantial on the adl. Also Rick, I hope you don't mind that we already have a partner D and quickly moving towards partner E, I know that sort of foils the "plan" . AS a little more proof that we are now a royalty play, take a look at decosta's latest on valuating medinah. He places adl last on the list, even after polo ROFLMAO
"What I would do is list out the various assets/ ROYALTY HOLDINGS of Medinah like the 30% FCI and 20% ownership of CMLDMC at LA #1, the 20% of Nuoco, the 30% of Madre de Dios, the 15% of Jota, the Polo interest, whatever the terms at the ADL end up being, etc.
and we believe you ROFLMAO
it's obvious adl deal is doing the dodo, heck I've been trying to warn you guys for a while now. Mike's post says it all :
"As I previously indicated-those that are focused solely on the Alto are not seeing the big picture which really will be LDM centered into the foreseeable future with the 2 partnerships already consummated there along with the hidden partner that has yet to be disclosed"
so , partner D had been consummated,and we are waiting on partner E. Alto is not as significant as some think. Gotcha
"It will also be interesting to see just what other deals Les signs while he is in Chile as they may end up being more significant that most realize"
oh goody! As a royalty streamer play we need as many deals as possible. Everything is falling into place. I can't wait until they start churning out those PLCDs!
from mike gold
Good Morning!
Big day in Chile today with the President's inauguration:
http://www.slate.com/articles/news_and_ ... usses.html
I suppose it does make good political sense that Medinah/Partner wait until after the inauguration to announce their JV as it will be a nice gesture/feather in the cap of Michelle Bachelet as our deal along with several others that our Partner will be involved in is rather significant event in Chilean/Peruvian relations.
yeah mike, it only makes sense, good call
add another two weeks for the gala
also, take note, the great doctor decosta is saying LP is likely down there for the other deal. Here comes royalty streamer, say bye bye to ADL. Unfortunately they knew Rick H and others would bail if they caught wind of a partner d, so they went ahead without notice with Nuoca,and now we are waiting on partners E an F
indeed, and equally frightening is doc lying about JJ
"When the 33 Chilean miners were rescued in October of 2010 JJ was invited by the then Mining Minister to partake in the ceremonies at the San Jose mine and at nearby Copiapo."
ask doc for a little proof of said invitation and he'll be flying back to the tank
cherry pick of the day :
from mike gold "Les is in S. America signing deals"
Just like I said, they are working on a bunch of new deals for the paradigm shift of becoming a PG /royalty streamer. According to decosta, it's not the adl that will allow medinah to issue PLCDs. Or as he put it, the best way is to become a PG / royalty streamer. Say hello to partners E and F, ADL done did the dodo.
you never know
according to the Doc, properties with low geopolitical risk, low elevation, close to water, brothels and cantinas (low hanging fruit), with a legion of miners waiting at the base, are almost non existent. Like mike gold has attested, the majors are nipping at the heals of medinah. If there is any validity to what doc says, I am guessing the nature of the delays has to do with Barrick, Coldeco, and Antofagasta being in a major bidding war. As Rick H has been saying for 5 months solid, we could hear news any days now.
Thanks JP
I have a feeling we'll be hearing less and less about the ADL, and more and more about partner D (Nuoco). Heck they are already shipping over there. It is my understanding that due to the scale of the ADL, they may be going back to the consortium model. So far none of the potential partners have been able to finance the adl, due to the enormity of the property, our current suitors being no different. Hopefully now that we have become a PG /royalty streamer play, they
will figure something to do with the adl to fit into the new paradigm
they never promised he was coming back with a deal
Folks speculate so much, it's no wonder they are always wrong. I think the PPS is reflecting what we have been told by the company, they are working on closing a deal. The fact that they will come back from SA without closure on ADL is already priced into the PPS. Two months ago I said to look out for new deals and acquisitions,and finally we started to get them. The parading now is for royalty streaming, so you can pretty much forget about chasing the ounces on ADL. Rick has offered a nice apples to oranges comparison on MP, comparing our stinky pink to a fully reporting TSX listed company. Nice try. In case anyone hasn't noticed, they are pushing the concept of PLCDs (progressively larger cash dividends) for a reason. If you can think outside of the box, you will understand what is going on, and what they are growing in the carrot garden. Chasing cash, not ounces.
it's over Superdow
PPS is barely holding by a thread,and the pressure will continue as the " next weeks" have nothing to deliver. Most don't know how to read between the lines, or follow the bread crumbs. Decosta is telling the story, but most are too blind to see it. Karl on MP had this to say in regards to the possibility of it not being volcan -
"I guess that would blow everyone's mind as Les would have pulled off the greatest deception ever!"
Hard to believe anyone can doubt LP's ability at deception, he did after all get caught forging checks. Sadly I believe LP and his buddies are all sadists, who enjoy seeing medinah shareholders suffer. As to MIke's enthusiasm for closure, I will remind you that the day partner A defaulted, he posted that he was 99.99% sure they were going to come through. Nuff said. As to Rick's confidence of news, unfortunately his assessment of the partners time line, and ability to perform has lost all credibility. 5 month have proven that
Charlie brown is running to kick the ball, and the peanut gallery is going "go go go". Pretty sad what is happening on MP, folks are so brainwashed they have gems like this to offer :
"IMO, someone bought in early and mms started showing bogus air share sells into the run to take confidence down. "
IT'S OVER!!!!!!!
the ADL is done, done, done, like a dodo in the oven. There is a reason why they didn't say they were going to SA on ADL business, which they would have had it been for the ADL, they went down for other business. The PG model is here to stay, or as Cahil over at Excellon put it "We're chasing dollar signs not ounces". For those who don't know it, decosta is leading the path with the bread crumbs. The whole peru/volcan thing was just geoly hoping, and MG creating hope, meanwhile LP was letting them carry on so shareholders could chase the goose. You guys don't need to believe me that ADL is toast, you just keep on believing the guys with omelette hanging from their faces , claiming any day now for 5 months solid. The guys who have been helping LP distribute shares above 4 cents, yeah, that's who you wanna believe. In the mean time, doc is way ahead of the curve, and letting us know exactly what's in store for medinah. Let's just say that Nuoco is already partner D, and we'll soon be seeing Partners E and F. They went right passed you Rick, too late now.
words of wisdom from the good doc:
"Winner, winner chicken dinner! Cahill over at Excellon wins the best quote of the day from the PDAC: "We're chasing dollar signs not ounces". This is the new mining paradigm especially for corporations like Medinah. If you can understand the special nature of "Progressively Larger Cash Dividends" (PLCDs) for a company like Medinah you can much better appreciate the importance of acting in the capacity of a "project generator/royalty acquirer". You want to chase dollar signs not ounces. The big money in today's mining sector wants to buy "streams" of cash flow. Cash flow transcends ounces in the ground that may or may not be economic. About 25 CEOs that chased ounces only have lost their jobs in the last 2 years.
http://www.kitco.com/news/video/show/PDAC-2014/597/2014-03-05/Chasing-Cash-Flow-Not-Ounces-Excellon-CEO
no need for partner D Rick
according to decosta, medinah's game plan has been to become a PG/royalty streamer play all along. This will ensure the most PBD's (progressively bigger dividends) for shareholders, far and beyond any deal for the adl. The last update was a clear indication we are moving forward in that direction, so even if/when the adl deal goes south, we will be in great shape. LP went to SA on other business, IE new prospects for the PG model. Time to get with the program, and lose those expectations for adl. Doc will fill you in
"Are LP's buddies accumulating to provide some well deserved pain to the non believers in the near future "
Well deserved pain? One thing is for sure, you have yet to be right about anything. The other thing you can count on is that nothing is happening in the next ten days, mike is guaranteeing it
"The Twitter Office has increased its alert status to Omicron Mu Gamma (OMG!) levels with Les now in Chile or Peru after probable stops in Dallas and Miami on the way down. A joint press release from Medinah/Partner could come at anytime without warning. Sometime in the next 7 to 10 days should tell the tale"
how is it I knew there would be tape painting all this week and all last week? Maybe it was obvious that there are people with vested interest in giving the appearance of the market looking better than it is. Every little bit counts when you are getting desperate,and the company is failing to deliver again. Who cares, the only thing that really matters is LP's return, and the next pump to accompany new rumours of closure. Like decosta said, this company has delivered plenty, guess he's been trading those swings too.
wait for the paint
seems like it's the only thing shareholders have too look forward to.
While too people are on extreme alert, the rest are wondering if history is repeating itself, again. market seems to be saying there is nothing going on with medinah other than some folks keeping the PPS above 4 cents.
March Madness" HR
Rick don't you mean March dullness? There appears to be nothing going on other than rumours of LP travelling. How bad is that? So far all the rumours have proved false, so in reality the only thing official going on is that the company is still working on closing a deal. Ok, back in the sand everyone, nothing going on above.
significantly higher that zero is .0001 chances
How about if I guarantee you that you and mike's prediction will fall by the way side like every other prediction you guys have made, and we'll still be here in april waiting for the elusive dodo deal? I understand the desperate need to give shareholders hope, while we wait for the next opportunity to swing trade medinah, after all, 4 to 6 cents is a pretty good swing. I'm sure those who sold at your last buy signal have reloaded,and waiting for the next little pump to dump. After all, any shareholder who sits around waiting for medinah to deliver, will be waiting for ever, 17 years proves that. The money to be made is on the swings based on rumours and forward looking statements from the company. Keep a tiny core position,and dump the rest any chance you get. That's how you play medinah. Otherwise the only gains will be the spiritual ones acquired through suffering through failed deal after failed deal. But you can mark this post Rich, there is .0001 chance that your predication comes true, take it. Your assessment of the timeline for partner C has lost all credibility. That doesn't mean there aren't any pumps left in this deal, but a reality check is certainly in order when it comes to expectations, particularly with charlie brown hitting the ball and the peanut gallery yelling for him to "go go go". At least now we can accept a fail deal with honour, given we have just transitioned into a project generator /royalty streamer play, and in that regards, they certainly have delivered ROFLMAO
he meant you can make money by swing trading the stock
Expecting them to deliver is a fools errand, hence why as you said, many end up looking foolish with their predictions of closure. They say there is a sucker born everyday, but in the case of medinah, they get reborn everyday.
"Regardless of the precise timing, we're definitely in a two-week time window for significant JV news to come out at any time"- Rick
Sorry Rick, but mike gold has put us on extreme alert for jv news in the next two weeks, which in itself is a guarantee we won't see closure. "When you are wrong a million times, you will be wrong a million more. " - Buddha
It's MDMN NO GO TIME...!!!
great call paddy ROFLMAO
I laugh every time I hear the word consortium in relation to medinah. That's lespeak for " I can't believe they buy this bull" . Paddy, at least you were right about a couple of things: medinah shareholders suffer a lot of pain, and some people came out looking really foolish. Thanks Veblem for bringing this gem up. As far as dividends, the company may entertain the notion of one day handing out dividends. Unfortunately they never accomplish anything they say they will,and those who still haven't figured it out, as paddy put it, will have to endure more pain. The spiritual gains of being a medinah shareholder are unparalleled, there's nothing like suffering together to build great camaraderie
In 1988, a B.C. Supreme Court judge found he "systematically defrauded" two West Vancouver women in connection with his promotion of Cumo Resources Ltd., a Vancouver Stock Exchange-listed mining stock in which he had a significant undisclosed interest.
The judge issued an award estimated in the $2-million to $3-million range, including punitive damages.
Within days, the Chartered Accountants Institute of B.C. suspended Price on grounds that there was "reasonable likelihood of imminent danger to the public" if Price were permitted to continue working as a chartered accountant.
It was the first time the institute had ever suspended a member in advance of a hearing. He was subsequently expelled.
In 1989, Price agreed to a 15-year stock market ban in B.C. after admitting to his part in the share manipulation of Carepoint Medical Services, another VSE-listed company.
Although banned in B.C., Price continued to promote low-quality stocks, most recently Medinah Resources Inc., which describes itself as "an emerging exploration company with assets in the resource rich country of Chile."
you can read about the fraud case here
http://www.laxtongibbens.com/cases/Commercial%20Litigation/HUFF.pdf
I thought he may have been a friend of yours
You certainly defend him here and elsewhere enough. If I met him in person I would tell him he disgusts me, and why. The funny part is the way he claims people are calling the BOD a fraud, as if he is threatening them in case such allegations will have repercussions. IN reality LP has already been caught for fraud, so why bother with the veiled threats? Maybe he should be saying " look guys, I know some on our BOD have already committed fraud, but don't you think a tiger will change his stripes? " There is nothing worse than someone that pretends to be another shareholder, while planting seeds so that the company can continue never delivering. Also, isn't it disgusting the way he is blaming the current PPS on the shareholders who are asking for accountability, and not on LP's lies of "it's done".
Keep an eye on his new PG scheme, I am convinced it is directly correlated to the fact the ADL deal is doing the dodo dance
hang in there SteveJ
the medinah gong show is just getting started with "partner" C. As to me referring to decosta as a slime, let's just say I hate manipulators. And that's what he is, a manipulator. He uses his extensive knowledge of the mountain and geology to pass his less than kosher assessment of the BOD as facts. For example, he claims that LP is not lying to shareholders, he simply passes on what he hears from the partners. Not only is LP a bold face liar, so is decosta. When LP told geoly the day of ulander's default that the JV was almost ready, he was lying. It wasn't because ulander told him that day they were ready to fund,and LP was just passing along the message. LP is a pathological liar, plain and simple. I guess that's his job, to lie to every one so that they will hang on for another week, 17 years in a row. Sound familiar to you? Thank god there is at least one intelligent person (bald eagle) who can see through decosta's act, and is putting him in his place. Decosta may be a friend of yours, but he is also a manipulator. And if you can't stand the truth, put me on ignore. If you can read between the lines, you would realize decost'a latest ploy about medinah becoming a PG is a clear indicator that this adl deal is going south. He is trying to convince us that this new plan of becoming a PG is an even better way to get the PBD (progressively bigger dividends) out to the shareholders. ROFLMAO what a crock
decosta is a great guy
but he is also a shill. Just as predicted, he is pushing hard his project generator concept. And since he is a shill, he actually speaks for the company by claiming that being a PG was the chosen methodology of medinah all along. Why is he telling us this, and not the company? Why is he trying to convince us that we no longer need the ADL JV to perform? I'll tell you, why ADL is toast, Mark it
"Perhaps on this mining play forum it is now time to make an effort to get our collective brains around this concept of acting in the capacity of a PG/RA so that we can objectively evaluate the performance of management. After making those efforts, if you still think that management never performs then by all means yell it from the mountaintops."
and the response from resource miner "Now that is the strongest kool aid (aka bs) that I have witnessed in quite some time"
People are starting to recognize decosta for the koolaid peddler that he is. Unfortunatley the reason he is pushing the PG concept is because he knows that adl will not deliver, so he has to try and brain wash shareholders into seeing the new claims acquisitions as performance, and that that is what will lead to cash dividends, not the ADL. Decosta has not lost his objectivity, he knows exactly what he is doing and what his role is in the medinah promotion family. He did the same thing with LDM just prior to the adl deal going south. Keep track folks
Poche : no deal by end of march. March is a bust, but so is the adl deal. I cab usually tell when he deals go south by what decosta posts,and when. I called the first two deals going south,and I'm calling this one again. It's toast. It's PG time, get used to it
I think his point is that those two are actually friends IMO
and IMO, the bullying you speak of was an just an act. Decosta is the one that infiltrates the shareholders in guise of "just another shareholder", this way he can brain wash them with his BOD apologies and visions of short squeezes and cash dividends. Meanwhile the company never delivers on anything. By pretending to bully doctor slime, it placed decosta in the seeming position of being just another shareholder. That doesn't mean that GC isn't a bully otherwise
But I will remind you that decosta is not just another shareholder :
"Greg Chapin (Director) acted as Chairman of the meeting and introduced Juan José Quijano Fernández (Company President/Director), his son Juan José Quijano Claro, Les Price (Company CEO), Dr. Jim DeCosta, Dr. Steven Kleen, and presented apologies, voiced to the gathering, on behalf of Larry Regis (Director), absent due to recent medical issues."
and I often wonder if there is a santa clause. Thank you and paddy and steve for bringing this notion up, it demonstrates perfectly why this company has managed to dupe investors for nearly two decades, and still remain afloat. But if you want a taste of reality, read Bald eagles's posts,and you will find that I am not the only that feels decosta leaves a bad taste in the mouth. Bady nails him to a cross for a reason. Funny enough, the other day someone posted a decade old Medinah memo here,and the title was "short squeeze of a lifetime" . That's right, decosta and LP have been selling medinah with the promise of a short squeeze since day one. But like everything medinah, nothing they promise ever materializes. There is a reason why some people have been here 16 years, still hoping to kick Lucy's football. I have been around since before partner A, and the vibe was more or less the same then as now. LP lying to a few shareholders , which then spreads to the boards (and off), along with the help of promoters like decosta and a bunch of corrupt "sources". Everyone was always waiting for next week, the notario, or a delay due to a death in JJ's family. Same old song. Unfortunately for those who still haven't gotten the picture, the torture of "next week" will continue until this JV too will do the dodo. I have yet to be wrong with medinah. Let's remember this conversation when LP's returns without a funded deal, and the "next weeks" continue to drag on, shall we? And to keep you busy, read decosta's latest weekend reading and baldy's reply. His project generator brain wash scheme is a clear indicator that adl is doing the dodo dance. It will soon be all about being a project generator,and not the ADL JV. They did the same with LDM, shifted the focus away from a soon to be failed ADL JV. Notice the daily paint job this week? Same call for next week. And PS, Paddy, why does decosta always run and hide when baldy confronts him with facts? Why is his only retort to falsely accuse others of acusing the BOD of fraud? Are the big bad shorties over there too ROFLMAO
-"OK boys, rally up the troops, she's going under 4 and we can't have that"
-"why not boss? I'm getting tired of providing bid support and absorbing shares"
-"because! if the stock is over 4 cents, the shareholders think we have a deal. If it's under 4 cents they think we don't"
-"Ya but boss, we don't have a deal"
-"never mind that and just do it. You know all those shares I've been giving you to promote the stock on the forums?"
"Ya?"
"keep supporting the stock, and there will be plenty more for you"
" ok boss"
"good, I'll be printing up shares until the cow come home,and I want to sell them here, not at .01"
"got it boss, I'll also let everyone know that next week is the one, and they should be telling all their friends and family to buy mdmn"