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.166 x .1675, Hereee We Gooooo
Richard, Now Come On
You are just as addicted as we are and even though your little 12 step program, kept you clean and sober for a week or 2. Your return let's us know that an intervention will be necessary. We can set a time that works and we'll all meet here to help, lol.
It also appears Vince is in Celeb Rehab as well, and seems to be recovering nicely, even though he sneaks in occasionally when something Historic could occur. That is a whole other set of issues:) another lol.
Glad to see ya again, hope your holidays werew enjoyable and Cya in Vegas.
TUP
M has 64 sq Mi, C 20 sq mi + or -
I may be off some but that is close. If MG is around he can get within a foot, lol. IMO pre news C will make a bigger splash due to they look prettier on paperm. Not sure post news. M has a much bigger slice of pie and will garner most attention, therefor I believe will run farther longer. I own both with much more M than C. JMHO
TQW, where are Ya? Still Long Right?
Hi V, Just wanted to drop by and say Happy New Year, let's hope its a goody. Anything I need to know regarding progress with the share conversions, or just hang tight and they will let me know, do I need to register or anything, email list or something. I think mining plays are gonna go wild in 2011.
Thanks in Advance
Chewy, WRONG AGAIN lol
I know, I don't get it. Maybe drive a few newbies away but not much to gain there either as they don't hold much. Oh well, they gotta keep busy I guess.
I think she may have also listened to Geo's before he got thrown in MDJail for a week, lol
Kind of a waste of time for them actually. You would think they would focus their energies on plays they have a better chance at succeeding in and lack integrity, vs attempting to climb this mountain which is legitmately rock solid.
You sound like my wife now, haha.
IMO when The company came out and stated they are out from under NDA and and will be announcing details of the Conclusionary (love that word, wonder if I can patent it) deal on or before Jan 15th that qualifies as DONE ( In my mind) just waiting to tell the world, which is a minor detail haha).
Now, in my wifes mind I must tell her it is not DONE, however when they announce it Officially it is then DONE DONE DONE, which means the moratium is lifted for her to SHOP SHOP SHOP, which I know MG's wife has already there.
So I am not sure which one is accurate for conversation sake, and don't really give a shit and can't believe I am taking the time to clarify, but I am not worth a shit at work anymoe so why not. I do understand the concern. Hopefully that covers my ass sufficiently, and that should also keep the Newbies away from my throat as well, lol.
I think we are seeing a consolidation combined with a flipping lockdown. I cannot see much more downward price action other than some temporary movement followed by a move back up, nor do I sense any signigficant uptick as well. As far as the SP is concerned, I believe we will be closing between the .11 and .15 pre-news. I also doubt if we see any more real serious volume till announcement time as well maybe 10-15M max.
Reason being, is JQ Public may see what has happened and is seeking news in usual locations, Yahoo, Reuters, Market Wires etc, and guess what, they cannot find any, kinda comical actually, since nothing has been released and PR'D, (as our newbies like to call it PumpD). Virtually no one outside of the MDMN network or within shouting range of anyone in the know via word of mouth, and those that kind of kept a slight eye on this stock does not have a clue about what is about to occur. I frankly am amazed at the 100million plus volume in the past 4 days or so has occurred with no news. I mean other than an update from the company on the obscure web site and MP and here, this event is not seen 99.9% of the investing public, let alone any institutional and really big money. I mean no news has caused this.
It appears that most of the clueless penny flippers took their pennies and ran, while most that are in now are recent arrivals waiting for the News. You know they are not going anywhere for a while.
Bottom LIne is, IMO we should see slight uptick maybe a penny or so a day run till news or even a little decline but all in all it won't move much either way. If you are waiting for a repeat of last week, fawget about it, it ain't gonna happen till post time.
If you disagree that's cool, since you nor I know, just figure this is the logical progression based on the unfolding events of the past week and what is yet to come. No TA here, threw em away on this stock a long time ago ( may need to bring em back later) but for now, strictly gut instincts.
But at POST Time, The World will understand the 3 words.
DONE DONE DONE[color=red][/color]
I think there is going to be a lot of momentum generated off of the initial announcement, which should easily push us past Point A. which I believe we will blow through 50 within 1 or two days of news.
I believe there is a lot of money on the sidelines that will shore up the bottom so Shorty can'r run it down like he can now. Then we are off to the races, as far as a SS, mentally I can't even fathom that.
Good Luck
It may be JJ's kindest gesture ever.
For those that need to Cover, they will save millions if they listen, we all know they are to stubborn however, they need to get the wake up call the hard way.
Way to Generous IMO, LOL
OFFICALLY STATED on or Before JAN 15th.
UPDATE FROM MEDINAH MINERALS INC., CORP WEBSITE
It has been rumored,however, before the 15th which is a Sat.
Now, Do Ya think that since this is the FIRST TIME the company has EVER COMMITTED to a date in what, 13 years? That they would now decide to put that type of update out if they did not have it finalized. That would be Insanity, not to mention how much would come crashing down.
THEY OBVIOUSLY HAVE IT DONE DONE DONE. Anyone who knows how JJ Rolls, Realizes he is not free wheelin with his updates and news ( like pulling teeth ). I mean there is no way he would approve that Update if it were not Set in GOLD and COPPER and ETCHED IN GRANITE from the PARTNERS.
The ONLY Question IS which market session will reflect that.
Poll:
Jan 6th, 7th, 10th, 11th, 12th, 13th, 14th, or the 17th, someone said the market is closed the 17th, if so the 18th.
Time to adjust to the Reality of the CONCLUSIONARY ( Spanish for KABOOOM) It is Happening Now, What can anyone possibly be waiting for, add it up. DONNNNNEEEEEEEE
I would bet the farm on it, oh wait, I already have, lol.
Excellent Points Mike, A Must Read
Especially for anyone seeking current events.
It's Generally a Mergers and Acquisition Standard. Not necessarily mining specific. Mainly due to the Acquirers, Shareholder Concerns, which is also one of the primary reason for NDA'S in general.
Geo merely confirmed what is usual and customary
To add to his wonderful words of wisdom, that only he can deliver " their money their announcement" haha.
LP simply confirmed what was already public info, nothing special. In deals of this type and / or magnitude, the standard is for the Major to Announce first. This is done at their request in order to let their stockholders and /or BOD realize they did a good thing and kind of start the process to smooth them over, this is especially important when the dollar amount is extremely sizeable as many of their large stockholders could experience declines in their stock values. It is usually a temporary decline until more details emerge, nonetheless, it does not make them happy if they are a public company. This also gives opportunities to which the majors' stockholders feel special that at least they got the news from their company and can begin to acquire the shares at first dawn, even though the info that is public knowledge also goes out to the world via wires etc at the same time. This is generally a common thread when JVA's, Mergers and Acquistions are announced. As George sez again, " their money their announcement" This also cuts the ceremonial NDA ribbon allowing PR firm's that most Junior retain for exactly these reasons to begin answering detailed questions and go to work on the phones and with their instituional contacts informing them of what is happening as soon as possible, all to increase share volume and ultimately value.
The Junior in the deal, usually announces last as they have the most to gain in dollars and surging stock values. They can then capitalize on all facets of the normally subsequent news releases and updates.
I think everyone should know Last Call is Close.
No one knows when except we are sooooo closeee. Anyone wanting in before we reopen with the new digs needs to realize any hour we could shut down the bar.
Drinks for Everyone, their on Vince
Due to what JJ Wants for the Mountain
I cannot imagine a little company with low cash reserves even being in the hunt for the project. It definitely will take a big name for him to get his number. We all know he would never take a skinny deal. I am hoping we are hours away from the details.
Hopefully positioning for MM Canibalization.
1199 x 12, here comes the smart money
Kinda like a revolving door, Dumb and Dumber Leaves, Smart and Smarter Arrives. Getting Very Predicatable.
The More the Nonsense is Ignored
The less publicity and exposure it will generate to those that do not understand what is truly happening.
It is so wrong and obviously agendaized, translated in Spanish it means ( Aiyiiii, uhoh), there goes my 8 an hour posting hackjob. Their hours are numbered and will very hard to attack the credibility when Major A and B are in front of the cameras with their arms around JJ, telling the world how happy they are to be part of this World Class mineral discovery at this moment in time. A good day for Chile and a great day for the Shareholders.
Hardly worth the debate, IMO
A Cat 5 has been Spotted
Tax Implications for Flippers& Those FlippinOut?
I am by no means a tax expert and if anyone can help me if I am off a bit, let me know. I have never been one to flip due to my not really taking the time to do the math, amd 3 out of 4 times, I guess wrong. Today I said I am gonna try and get me sum of dat, as I anticipated a little tree shake and watching Friday's Shake down, I thought, this should be easy money. I wanted to see if I could make a couple bucks off the shakky ones. When I got to my office this morning a ran some numbers and here is what I came up with, assuming I am dealing with a short term capital gain taxed at my 33% tax bracket for ordinary income ( as I did not want to assign my long term capital gain acquistions, as I will need to save those 15%ers for later).
Example: An investor in the 33 percent tax bracket trying to decide whether to sell 100000 shares in MDMN stock at.14 that was purchased nine months ago at.03 is going to generate a capital gain of $11,000, the amount one actually keeps is quite different as a short-term capital gain taxed at a 33 percent ordinary income level creates a tax of approx $3993, leaving a profit of $7007.
Assume you Rebuy at .10 and if If you are lucky enough to capitalize on the shake down low, of the day which let's say is .10. It will cost you $10,000 to jump back in, thus your net loss on that move is - 2993 ( 11,000 gain - 3993 tax), when you factor in your cost basis of .03 lol.
Now if I am off somewhere, let me know, as this is more of a question I am trying to solve and figure out if it makes any sense to flip or wait for the ultimate prize to just get out to stay out.
Whatever you do, do not rely on this as any sort of tax advice, haha.
Don't Feed the Monkeys
It is hazardous to your portfolio. Stop Orders and Panic Selling are their Life blood.
Anyone who uses a stop order on a Pinkie for anything other than catastrophic protection is inviting trouble. When those stops are taken out by the MM's, you will soon realize it is temporary and if you want to buy back in, it will usually be at a higher price and you will lose the almighty share volume that is very precious in your accounts in the process. Nothing was gained, only contributed. I am an advocate of some stops but only for Catastrophic Protection PERIOD. Many people have gotten gotten burned on Stops ever since the 08 market crash due to a misunderstanding and impproper usage. Currently nothing can stop shorty from walking way down to grab those stops ( as they are VERY visible to them and will chase them down especially if there are a few biggies not to far away from the trading range) and running it right back up.
In these “tree shaking” episodes the goal is to get the shareholders with the weakest stomachs to sell. There currently is no “uptick rule” in existence to ban these tree shakings designed to trip stop loss orders and induce panic selling. The short sellers also plant the seed in the minds of shareholders that the next time the PPS gets to “X” level I’m going to sell as my stomach can’t handle this roller coaster.
Bottom Line is:
Hang Tough,
Use yoru head
Don"t Feed the Animals and
The Cavalry is Around the Bend with a Satchel Full of News, News and More News.
This is Only a Test
The sounds you will hear next are ones of Medinamite
Buyers should be around the corner while clowns grab their penny or so and MM's take out stop losers.
Still Time, but the fuse it lit
Getting Ready to Run out of the Gym SOON
Just Normal Consolidation after a HUGE Week
Deleted due to Duplicity (Duplication)
Karl, sign up on MP3 when you get time.
Here's what I DO KNOW.
FREEEEE BEEEER AT the Belaggio.
You and your Buds be sure to stop by the AGMBash, hopefully they bring in some Lone Star and not some Cajun Brew.
Maybe even have some fre champain for the Left Coasters to.
You'll find out there along with the rest of us. I can't imagine why anyone would leave pinky land for a market with integrity, but hey, they don't' ask me.
Keep your fingers crossed Eh.
ROFL
My advice is to not mail them. With the potential value of these. certs,unless there are just a few, there is no wayy, I would blindly ship em off to some broker. If at all possible, make an appt and sit belly to belly, make copies for your files and have the provide you with a receipt once transferred over. If you choose to send em, see me later,I have a bridge for sale.
Rick, Ya know what CONCLUSIONARY Means in Spanish?
KKKKKKKKKKKABBBBBBBOOOOOOOOMMMMMMMMM.
Didn't realize you were havin so much fun over here.
Yeeeeehawwwwww
ROFLMAO
U Newbies have 15 posts about 1 word.
I must be missing something here, but the amount of posts you all highlight the term conclusionary in the title(to bring towards a conclusion) is truly amazing. Kind of Like Concluding a JV is a bad thing. I thought it was wonderful news and a great way to explain that they are wrapping it up.
I mean, aren't ya kinda fishin with no hook.
IMCOO ( In My Conclusionary Opinion Only)
Your gonna have a fun week. Glad ya all stopped by.
ROFLMAO
The Ol Les and Favorite Chilean Company Card. Pretty old news, but chirp away.
For a group that touts the DD Police lol.
You guys sure throw out some pretty wrong stuff. If you did any real DD, instead of making up your own, you would know he is not an officer, merely a stockholder and a creditor
Why is it you attempt to mislead. Just curous.
It is a strategic move mm does
UsuaLly it signals some efforts to cover. Will be a lot of those scare tactics in the days to come. If you want to play it some clip hod which usally show up 1 or 2 hrs into trading, then rebuy into the shake later. Prob is the John Holmes trend line we will be seeing more of. Many here are better than I but it is a fairly predictable move on many occasions
Everyone Calm Down lol
This is a typical MM shell game to get some cheapies,, for those that flip, their payoff is a couple of bucks and usually need to buy in at a higher SP. You neeed to see if you are i n this for the big dance or little buck. The SP is getting up to where it is costly to obtain large volumes of shares and it will get costlier. If you are in it for the long haul, be cautious. They are trying to shake trees and this is just the beginning of the games. My adivice is don't sweat the details, it is about the Mountain, not like these other pinky flip games manay who bought are trying to flip. Many do not know anything other than to try and make a penny or two. At least those of you here know what is going on and my advice is don't get snookered, or fall for the games.
Happy new Year
Depends if there is FREE BEER
I will attend, If they serve Lone Star even if it is not free, I will still prob make it. I also need to get a free Medinamite Tee Shirt for free as well. Do you know if those will be free when we get there or do I need to order one. My wife will want one to, maybe should get one for my daughter I guess. I also need a room compd, know anyone there?
U gonna be there? Cya then
That very small portion of their property is something they aPparently are workIng with a separate group on mining and exploring the property. It has nothing to do with the pending JV Group from what we know. No one in the company has let anyone know due to the NDA. We will know soon, however.
The property is vast and complex with many different facets. Might I suggest that you spend some time on the conpany website and do some DD of your own. No offense but things are moving at fast pace and you will prob not get a lot of handholding onthings you can access easily at wwww.medinahminerals.com, at this time.
One suggestion, however, since this is your first visit here, you might want to let people know you are a Newbie so they can evaluate your opinions and statements when making their DD and inquiries for their trading decisions and factor that in as well. JMHO
Welcome aboard BTW, I am sure you will contribute greatly
Will someone explain an Alfie Inference Band 2Me.
Is that more of that TA stuff, like Bollinger Bands and stuff that Roundy uses?