Pennyland is an interesting place to watch human behavior in action. Most that are here bought in because they think that GDSM has great potential to go up substantially in the very short term. I include myself among that group. I have purchased my position, and I am now patiently waiting for GDSM to do it's thing and go up. What is interesting is to watch the manipulation of someone selling 1,000 shares at the bid at .0064 only to induce someone else to sell 400,000 shares at .0063 or lower creating a nice buying opportunity for themselves. I also find it interesting to read this board and see certain posters posting endless negative posts for days and days and then all of the sudden, nothing. To me, that is a clear indication that poster found the entry point that they were hoping for and now they are sitting tight waiting for GDSM to go up just like the rest of us. While these lulls between updates can be less than exciting, I do find it reassuring to watch the lengths that some will go to in order to get a better ticket on the GDSM train.

I think that your second scenario is probably dead on. I could see someone who realizes that it has been over a month since the last PR doing their best to manipulate the PPS down so that they can continue to load at these levels. Anyone who has been keeping their eyes on GDSM knows that when this moves, it moves very quickly. They could also be making an educated guess that a PR should be forthcoming very soon. Loading up at these levels is a no-brainer for someone with a little foresight and patience.

I don't think you can do it since L2 is a premium $ service.

I wish I could post L2 though because it looks as if someone is trying to hold this down intentionally. A nice 87,760 share buy just went through at the ask at.0067, but as soon as it did, a 1,000 share buy worth $6.40 went through at the bid at .0064 just seconds later.

Clear signs of manipulation by someone. Someone wants to continue loading at these levels.

L2 is actually very thin all the way up to .0098. Only 300k between here and there. With a little buying pressure, we could have nice little green run here.

Days like today are all part of the deal. At first glance, the numbers might seem a bit disconcerting. But in actuality, today's volume is less than 1% of the total outstanding share volume. .69% to be exact.

Out of thousands of shareholders, there will always be a few that sell either because they have to or because they simply want to move on to another stock. When trading volume is low, often times their only option is to sell at the bid. It might look bad, but it really isn't.

The thing to keep in mind is that over 99% of the outstanding shares are being held tight by those who know what is just around the corner.

"...you can easily find all the truth you want!"

The following is from the March 23rd Q & A:

"The Company has repeatedly addressed these non-factual issues by professing that ONLY information reported via the official Company website is factual. All other interpretations, assessments, prognostications, viewpoints, or the like expressed or professed by those not affiliated with the Company, are without merit or validity."

Unfortunately, the Florida/Chile Notes give us all a very clear indication that we have been intentionally deceived if not lied to by "the Company" on numerous occasions. It is now quite obvious that much of what has been released by "the Company" all the way from the Shareholders Meeting up to the present has been extremely misleading, or in their words, "without merit or validity". Looking back on various Q & A answers during that period, it is now apparent that all of their endless verbiage in regards to auxiliary agreements and imminent funding were nothing more than stall tactics and outright wishful thinking.

As I stated in summation of post 46904 on April 30th, before the release of the Florida/Chile Notes, "To this point, the ADL deal is still very much up in the air." The signs were everywhere that something was wrong with the ADL deal for anyone who wanted to "take that time to do some real digging". Now we know that my suspicions were correct.

Exactly!!! "And that is why you are on this board because you love this stock like the rest of us do!"

This is far from finished. In fact we are just getting started.

I am expecting a PR in the middle to end of next week. It will probably be a combination of news regarding the 10Q and the resulting information from the completion of Phase I.

The details surrounding the completion of Phase I will hold the most interest as we should get the results of the lab analysis of the various samples that were taken, the discovery of any additional claim filings, and we should also get a geological description of the possible mineral structures within the property.

All of the above will be extremely critical data and will set the stage for Phases II,III, & IV.

Much more to come here!!!

I noticed that as well. Someone is doing their best to prop MDMN up.

Not a lot of people jumping on the ask even though two days ago the current ask would have been considered a bargain basement price. Obviously, many here realize that the PPS could go considerably lower then where it is right now.

It takes a while for people to adjust to less than favorable news. I have seen this before. First off, you have an immediate but not too terrible drop in PPS. Then you get a little rebound. Then you get a 40% to 50% drop when things really start to sink in.

I think people are still waiting for MDMN to pull the bunny out of the hat. If they can do that soon, you will be fine. If they do not, look out below.

Yesterday, I pointed out that when last year's deal was heading south, it went from .12 to .06 in the span of one month. This year, it may only take a week.

Oh, and by the way, if last year's failed deal is any indication of what may transpire from this point forward, MDMN went from where we are now at .12 down to .06 in the span of one month while everyone patiently waited for the first tranche of funding to be transferred.

I did not draw anything. Take your mouse and click on 1Y box to the left of the chart at the top of this page and see what you get.

I am not making the obvious up here!

That 1 year chart shows some striking similarities between what has happened in the last four or five months and last years failed deal.

MDMN cannot imply that the deal is done for over three months and not end up with a chart that looks more and more like last year when once again they continue to fail to deliver the goods.

And those three desperate 1000 share paint jobs at .12 in the last seconds of trading to keep MDMN from ending the day at the .111, which was also the low of the day, are not going stop the inevitable.

Of course, one must always take into consideration that even though over half a million shares were traded at .0075 less than 10 minutes earlier, there will always be a few week minded individuals who think that it is prudent to sell at.0069.

Oh well, more cheapies for shareholders with vision!

Only 650K to .086 now!!!

Moving back up nicely! L2 shows less than a million shares to .086. That is very feasible.

"You are absolutely correct in reading the updates to make sense of everything going on." "...it is important to filter out that noise and return to the common denominator of what has been stated publicly by the company."

It is funny, when I use logic and filter out the noise, I too can put together much of the missing pieces to get a better picture of just where the company stands.

January 26th Q & A (Thirteen weeks ago yesterday)

Q: What is the status of the contract on Alto de Lipange and will it be concluded before the AGM?

A: Final documentation is being prepared and submitted to all parties that are required and it is scheduled to be completed before the Shareholder's Meeting.

February 12th Shareholders meeting (Eleven weeks ago last Saturday)

Q: What are the next steps after the final signature is done?

A: Theres not anything else to be done. We're telling you its done. It's done.

March 7th Q & A (Eight weeks ago this coming Wednesday)

Q: When will the Joint Venture on the Altos claims be completed with funds?

A: Several Auxiliary Agreements...are now being presented for signature. This will release the first tranche of the $180,000,000.00 funding...

March 23rd Q & A (Six weeks ago this coming Friday)

Q: What is going on with the Alto de lipange deal? It’s been 5 weeks since Las Vegas. With the deal being signed why don’t we have notice of the funds?

A: ...the sale of the 1,508 mineral claims deal is signed and several Auxiliary issues have now been clarified....The release of the first tranche of funding is imminent and will be reported immediately upon receipt.

April 5th Q & A (Four weeks ago this coming Thursday)

Q1) Is the Altos de Lipangue claims purchase agreement nearing funding?

A1) ...the parties agreed to a final funding closing date that was recently affirmed by the purchasing consortium. The auxiliary documents now reflect all changes or modifications deemed beneficial to augment the original signed Agreement.

The Directors of Medinah Minerals (Chile) S.A. has requested a formal meeting with Directors of Medinah Minerals Inc. in Santiago, Chile. This meeting is scheduled to fully review the Final Agreement Terms & Conditions...

April 27th Shareholder Update (Eleven weeks since the Shareholders Meeting where it was stated that the deal was DONE, DONE, DONE)

After returning from the Santiago, Chile meeting where it was stated that, "This meeting is scheduled to fully review the Final Agreement Terms & Conditions...", NO MENTION AT ALL ABOUT THESE AGREEMENTS, IF THEY WERE IN FACT REVIEWED BY ALL PARTIES. BUT MORE IMPORTANTLY, NO MENTION IF THESE AGREEMENTS WERE ACTUALLY SIGNED BY ALL PARTIES.

To sum up, for over three months, "the company" has been talking about final documentation, agreements, and auxiliary agreements. They have stated that the only thing holding up the release of the first tranche of funding for Alto de Lipange is the signing of these agreements. They have had three months to present, clarify, and review these agreements. All of the parties involved in this deal just met in Santiago, Chile a week and a half ago, and still no mention of a fully signed agreement, which is necessary to release the funding, also which is supposed to signify that MDMN actually has a completed deal.

To this point, the ADL deal is still very much up in the air.

L2 is very thin into the .08s. I have a feeling that we could see a nice move up today!

Q4) Why don't we have an Investor Relations person?

A4) Well you see, if we did that, we would have to tell that person everything that we know so they would be able to answer any question put forth. We really don't think that would be such a good idea. That might get us in a whole heap of trouble. We don't want any trouble. We just want to keep on doing what we been doing for years. We like to keep our shareholders guessing because they usually guess wrong, and that is good for us. So while Medinah Minerals Inc. anticipates hiring and putting in place a contact, for the benefit of Shareholder inquiries, in the next 2 weeks, we also anticipate that we will put off such a hiring for as long as possible.

In every contract that I have ever been involved in, all parties have to sign in order for the contract or "agreement" to be valid and binding.

Thus far, MDMN has been very ambiguous about who or if any of the parties involved have signed all of the auxiliary agreements.

Over the last six weeks, we have learned that these agreements have been "presented", "clarified", and supposedly "fully reviewed". What we have NOT learned is if these agreements have ever been signed by all parties.

According to the March 7th Q & A, the signing of these documents is the only thing holding up the release of the first tranche of funding, shareholders already know that....

"Several Auxiliary Agreements detailing final preparatory matters; including legal parameters, drilling and exploration operations, mandated duties of the Purchasing Group, and final delineated responsibilities of the parties, are now being presented for signature. This will release the first tranche of the $180,000,000.00 funding and discharge the obligations the parties have under the Non-Disclosure and Non-Circumvention Agreements."

As I said the other day, if you got into MDMN as low as .005, being invested here is a no-brainer. Those who did so should have gotten their original investment out long ago and should be comfortably riding out this saga with free shares. Even if one is still all in, they can pick a PPS retraction point to exit and still end up comfortably in the green.

However, I still maintain that buying in at present PPS levels is a big gamble considering MDMN's dubious track record. One would be much better served to stand on the sidelines and wait for them to actually PR that the funding has landed.

I have been looking at MDMN every morning for months. Still nothing!

Look over here at this shiny object, "We are even more encouraged with the “by-chance” discovery made at the Las dos Marias properties...", because we still do not have a completely signed deal or the first tranche of funding for the ADL.

Once again, another Shareholder Update with NO MENTION about all the auxiliary agreements being signed by all parties. You would think they could have taken care of that minor detail since they were all right there together down in Santiago, Chile.

And, it looks as if the funding of the ADL has now been downgraded from "imminent" to "soon".

Medinah! Medinah! I love ya Medinah! You're always a day a way!

By your figuring, "I look at it as being then end of the first quarter of play. We spent 14+ years buying up a huge piece of land.", and there are 3 quarters left, this deal wont be done until the year 2054. Unfortunately, most longs might be dead by then. However the way that things are progressing, you may be dead on with your prediction.

Just slapped the ask for 100K.

"The most valuable commodity I know of is information."

Nobody knows this better than MDMN.

That is why they “imply” instead of stating actual facts.

That is why they say things like:

1.) “There's not anything else to be done. We're telling you it’s done. It's done." (BUT WE ARE ALSO TELLING YOU THAT IT IS NOT REALLY DONE)
2.) “Several Auxiliary Agreements detailing final preparatory matters; including legal parameters, drilling and exploration operations, mandated duties of the Purchasing Group, and final delineated responsibilities of the parties, are now being presented for signature.” (NOW? MARCH 7th WAS SIX WEEKS AGO)
3.) “…several Auxiliary issues have now been clarified.” (OK! ARE THEY SIGNED AS WELL?)
4.) “The auxiliary documents now reflect all changes or modifications deemed beneficial to augment the originally signed Agreement.” (YES, BUT ARE THEY SIGNED?)
5.) “…this meeting is scheduled to fully review the Final Agreement Terms & Conditions…” (FULLY REVIEW? ON MARCH 7th THESE AGREEMENTS WERE “NOW” BEING PRESENTED FOR SIGNATURE. IT IS NOW APRIL 25th. OH, AND BY THE WAY, IS EVERYONE GOING TO FINALLY SIGN THESE AGREEMENTS WHILE YOU ARE ALL DOWN IN CHILE?)
6.) "The release of the first tranche of funding is imminent…” (IMMINENT? MARCH 23rd WAS OVER A MONTH AGO)
7.) Medinah Minerals, Inc. anticipates hiring and putting in place this contact, for the benefit of Shareholder inquiries, in the next two weeks” (ANTICIPATES? APRIL 5th WAS THREE WEEKS AGO)
8.) “…the tonnage and potential reserves from the original projections may be expanded as the strike length of the vein has exceeded prior expectations…”. (MAY?)

That is why there is a supposed agreed upon funding closing date but MDMN cannot reveal what that date actually is.

That is why all of their supposed deals have NDA’s and NCA’s.

That is why they have a gagged TA.

That is why they do not release information about insider trading.

The only "information" that MDMN shareholders can be sure about is the fact that the BOD does there best to never give out any information that they can be pinned down on in the future. That is the key to their survival.

The shareholder confidence displayed in this chart can best be explained by stealing a line from Gordon Gecko and the movie Wall Street, "The illusion has become real. And the more real it becomes, the more desperately they want it. Capitalism at its finest.”

Nothing has really changed with MDMN over the years, but with each new potential deal, the PPS seems to move steadily upwards. I think this is a reflection of a societal change that has taken place since the downturn in the economy a few years ago. In part, that MDMN chart illustrates people's willingness to pay substantially more than a stock is worth because of a desperate hope to cash in on something that might have the possibility to give them some financial security in a time when employment and pensions are becoming less and less reliable.

The three month chart says it all.

If you look at the months of January and February, you can see the anticipation building of an impending announcement and then the reaction to this statement, "There's not anything else to be done. We're telling you its done. It's done.", all reflected in the PPS. The general consensus reflected in the rise of the PPS to over .17 was that funding was "imminent". Management even said, "The release of the first tranche of funding is imminent and will be reported immediately upon receipt."

If you look at early March until now, you can see the steady decline in shareholder confidence reflected in the PPS as a result of the fact that funding was not quite as "imminent" as we were led to believe.

And now as each day passes without an announcement, and only getting bits and pieces of information to string us along week after week, it is feeling more and more like last year's failed deal. And that too is reflected in the PPS.

For the true longs who bought in anywhere from .005 to .07, being invested in MDMN is a nobrainer. If they were smart, they should be riding free shares and hoping for the best because everything from here on out for them is gravy. However, for anyone who bought above .13, the fate of their investment with MDMN is a bit more tenuous.

'There's a Chance'

Guaranteed, Picasso is a Company man doing his best to erase the writing off the wall!!!

I think people tend to forget how long ago he said it was "done".

What are the next steps after the final signature is done? Theres not anything else to be done. We're telling you its done. It's done.

That statement was two and a half months ago.

Does anyone see a pattern here? Bueller? Bueller?

"can you say weeks and weeks and weeks of continous info. flow ?"
That is exactly what MDMN gives their shareholders, weeks and weeks of continuous info. Unfortunately, it never the information that everyone is looking for.

When they announced in the April 5th Q & A that everyone was going down to Santiago, Chile on the 18th, they bought themselves another two weeks. Yesterdays Shareholder Update just bought them a bit more time.

It is an all too familiar pattern, throw out a bone every couple of weeks and walk away, but never give a bone with any real meat on it. Just a taste, never a real meal!

"Typical Retainer $500" WOO HOO!!!

$180,000,000.00 Deal = I don't think so.

Good call smitter!!!

Somebody said it the other day, but it bears repeating, "The volume says it all."

This just doesn't look like the volume one would see if MDMN were really on the verge of receiving the first "tranche" of a $180,000,000.00 deal.

Obviously from some of the posting here, many are confident. However, equally telling is the fact that many seem to have learned from past failed deals that were supposedly in very similar stages of completion and the overall market is taking a wait and see stance before jumping on board.

I was in a another stock about a year ago that traded very similar to the way that GDSM is trading right now. When there are long necessary periods between company PR's, there can be a precipitous reduction in PPS on relatively low volume due to nervousness and impatience. However, as soon as news does hit, there is an immediate rebound. The same thing will happen here.

I thought the following was worth posting again because none of this has changed:

Back to the Facts

Since Jan. 2012, the company said it would and DID DO the following:

The company entered into a joint JV mining venture

They did it with NON-TOXIC Financing

They have stated there will be NO REVERSE SPLIT

They have hired auditors to move to the OTC BB

The release a Pinksheets version of the 8K (which is only done on OTC BB or higher)

They started a well designed website

They have thousands of followers on Twitter after opening an account

The have well over 1000 Facebook followers after opening an account

They have a CEO with no history of corruption

They have increased shareholders value (if you bought in when all this was being announced) you have seen your investment go up

They have paid for Phase 1

They have funds secured for Phase 2

They have institutions buying there stock

They have done NO PAID PROMOTION (will cause no major dilution)

They have not released PR's every 5 minutes, but enough to keep shareholders informed

They are current on all filings

Gold is heading over $1800/ounce with it having a great chance of hitting $2000/ounce as they pull up Gold

There are warrants at .10 and .15 (and not huge amounts that would be dilutive to shareholders)...i.e. they know there share price is undervalued

They are looking to aquire other mines and enter other industries

There is a $3.5MM Buyout option to own the mines outright

I was lucky enough to grab some more as well!!!

The fascinating thing about MDMN and Company is that they have figured out how to keep their shareholders thinking that the big prize is always just around the corner.

"If we do not have full news on or before COB Monday, February 27th, 2012 I will sincerely apologize for any ill words I have ever spoken about you on this public forum and/or in private conversation with fellow shareholders, friends, and family!"

"I am totally content if we do not see news as late as the COB on Monday, April 23rd 2012."

From what I have seen, buying shares in MDMN is kind of like getting on a Merry-go-Round. One gets on for the ride, they go up and down in the same place and are under the impression that they are going somewhere but in actuality they never reach their final destination. The end is always just a few more days, a few more weeks, or a few more months away.

I am rooting for this stock as well, but I am also more confident about my holdings in this stock over any other. To me this stock is not an "if", it is a "WHEN"!!!

WHEN things start happening with GDSM, I am extremely confident that the PPS will move up fast.