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So Ken has already decided to drill in the spring. Come on spring.
This probably can't be true. The regulation authorities
have rules wherein a material event likely to affect the
stock price must be reported in a timely fashion. I think
it is about a week in the U.S. Don't know for Canada.
Why does KATX fall after every press release?
It's not "sell on the news" because traders
wait for a leg up to sell. Has anyone asked
Ken what is going on?
Just found this one. Who are the most informed posters here?
I can't read all the posts if I want to buy on the opening tomorrow.
After subtracting Juan's significant interest, MDMN
should own about 60% of the remaining and CDCH 40%.
So about a 2 to 1 current price ratio for CDCH/MDMN
would appear to be ballpark.
Like Martha Stewart?
The current situation is very clear - we either get the Joint Venture or we get the shaft.
http://www.forbes.com/lists/2009/10/billionaires-2009-richest-people_Iris-Fontbona-family_EK9Y.html
Sounds like yet another false lead for the gullible.
That 10 cent spike was just one purchase where a
market maker took full advantage of a buy order at
the market and was for about 40000
shares as I remember. The price was 5 cents
immediately before and after that trade so the
ten cent spike was really bogus. One should
consider the real top for that day as 5 cents
as nobody could sell for more than 5 cents.
"One thing I never fully understood though is why anyone who is not in a stock or no longer in one will continue to post about the stock they don't believe will be either a good trade or an investment. Just makes you wonder, doesn't it?"
There are enemies of Cerro on this board - former associates who feel that they have been wronged by Les Price. They post to "get even" by dissuading new investors from buying the stock. Even so, they probably own shares of CDCH/MDMN
because they don't want to miss the big payday when it eventually arrives.
Is that rumor from a trusted source?
I thought of a new scheme to buy additional shares. I sell a few of my old high basis shares for a tax loss and then buy many new low basis shares with the tax savings from the 3,000 loss (about $1,000 tax savings). You need to wait more than 30 days to avoid the wash sale rules though.
You don't have to wait 30 days to reestablish a position
in the joint venture. Simply sell MDMD getting your tax
loss and immediately buy CDCH. They both have exactly the same prospects. After 30 days you can reverse the process
if you would rather hold MDMN.
No difference. We have blown most of it in the stock market.
I would think that the Q&A would be good for the
share price. There was a lingering doubt among many
that the Chinese had walked away and there was nothing
substantial going on. Now Medinah officially says
that neogations continue with a number of groups and
there is no major impediment to a successful
conclusion.
I have been holding off buying more shares, but now
I believe it is safe to stock up at a very
low price. Others must be in the same boat so there
should be some increased volume today. But who knows
if the market makers will let the price increase.
If they don't, we get some cheap shares at the bottom.
Very good answers all,
I'm impressed.
Does anyone know why, every day, there are several 5000 share trades of Medinah lately? Nobody buys $35 worth of Medinah when they have to pay a minimum brokerage commission. Is it some secret market makers signal like "Hey, let's take the price down"? Or "Let the price level out here." What do the trades mean???
That's a pretty belligerent first post on Ihub. Generally folks start out here as believers and don't get upset like that until after several years have gone by. Why do you feel this way on Christmas Day?
You don't have to make stuff up to help the share price.
There is enough information buried in Medinah's homepage
to fill up a dozen great press releases. This would be "new"
information as far as the investing public knows since
they have never been to the website. Generate some interest
up in the stock and restore the price to at least 2 cents.
This guy on MP07 has the right idea.
"It's time to put Jim Stock to work and start now to publiicize Medinah's prospects. Maybe
he could get the stock price back to 2 cents while waiting for the JV. That action wouldn't
scare the naked shorts any.
Come on, Les. Have Jime Stock issue some PRs. WE'RE GETTING KILLED HERE."
Can everyone ask Les to authorize JS to start issuing publicity PRs in advance of the immenent JV signing?
He could tell about the property and its great prospects.
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What's wrong with miningplayof2007? I've tried to log-in
using two different brosers and get the above message.
Geoly, many thanks for your efforts to get updates
and put out the information. You are a trusted poster.
Interesting. Forensicauditor just posted on raging bull
that Les had been spotted in Chile. Now all his posts have
disappeared. Could he know something? Naaaaah.
I think he indicated that update with substance was
"supposed" to come out today or Monday.
"The helicopters were not doing aerial recognisance... they were very much involved in transporting equipment and personnel....someone was spending $2000 per hour.... per helicopter.... per day... hauling equipment and personnel to the property. There were three birds working on this project for three days...one week later they spent one day doing what appeared to be bringing in dignitaries and VIPs...this is not rumor it comes right from my source in Chile (eye witness source)."
Thanks for posting that. We need all the encouragement that
we can get. Looks like they could go ahead with a JV announcement naming the consortium parties that were already
signed up and saying that more were probably coming on board.
Thanks. Looks like someone is liquidating today, either voluntarily or involuntarily.
What changed in the new profile?
Had the deal happened a year ago, most of us would
have been partially diversified into other stocks and we would have lost half our money (or more) in the crash. Medinah has held up well considering no news.
geoly - Are you no longer banned on mp07?
I see you over there.
You can read it but not post????
momo said he won't own mdmn until the JV announcement
comes out. I suspect his much-too-frequent-annoying posts are
supposed to pressure the companies to hasten the agreement
and to keep the price low so his future buying point is
lower.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=32606920
New Q&A is being prepared for Medinah homepage.
It would appear that a single person picked
up 2 million shares a minute before the close.
Hope he knows something.
Just letting everyone know that they are still expecting a JV.
I'm happy that they finally said something. Keep it up.
Hiring Jim Stock makes sense in that he will be up to speed. But another PR firm could provide a different slant besides increasing the number of media outlets.
OT - Most of the major corporations do this - have lavish annual get-togethers in exotic spots to reward mainly their sales performers and executives. These are scheduled at least six months in advance. I got to go to a dozen or so with my old company to provide support functions. I didn't approve of the practice then or now. A waste of money but good for the tourist economy I suppose.
Someone indicated that CDCH/MDMN will learn their
percentages in the JV today.
I'm just happy that he's willing to share.
Yeah, is this "good traffic" (e.g. staking out drill holes) or "bad traffic" (e.g. starting over with another potential JV partner)?
Maybe he was a salaried employee with another company.
Our IR guys/gals don't have their own web pages.
They won't tell the name of the PR firm because they don't want the shareholders calling and finding out stuff. And we would too.
And who will man Medinah's new Vegas office?
I bet Les and Pamela are not moving.
I believe Les's old company was CUMO Resourses Ltd.....back in the 80's.....didn't have time to try and find its symbol.FWIW
Cumo Resources is CUMOF but I can find an 80s chart on it.