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Hold tight. It'll happen!
Awesome pic of the birdies, by the way.....
I didn't imply that it was a "pump." Getting a Shareholder's Update out on a major newswire shows the first organized effort toward getting the public relations campaign started.
www.businesswire.com/news/home/20140425005635/en/Medinah-Minerals-Announces-Signed-Offer-Agreement-Altos#.U2sadMJOUpu
Looks like the PR machine has started in gear...
The official company website www.medinah-minerals.com/ is a better place to start. Some of the excitement lately centers around these recent Shareholder's Updates: www.medinah-minerals.com/shareholder.html
In particular, contained within the April 8th, 2014 Shareholder's Update is this statement "We have entered the targeted high-grade zone intersected by DDH-002 that originally returned drill core assays ranging between 75 to 470 grams of gold per tonne over 2 meters wide starting at the 70 meter depth, and continuing downward. The vertical shaft penetrated multi-fractured zones of darkish, quartz and country rock mixed with sulphides and some visible gold. This section expanded to 3+ meters in width and is being professionally sampled by our geologist at different elevation levels."
Looks like gold fever might be in the air...A far better fragrance than garbage from an old out-of-date penny rag.
Google the top forums, do your DD and make an informed decision when buying this stock. There are detractors and fans alike, each with credible arguments. Those who have followed this for some time see that steady accumulation is occuring in the absence of solid news. Someone knows something, that's for sure.
The deal we have with NUOCO is pretty sweet, eh? It pays to have investors who are friends with the top brass (so the rumor goes).
Thanks for posting this great information from the other forum.
Great post! You explain the "NSS" phenomenon in terms anyone can understand....
“We have entered the targeted high-grade zone intersected by DDH-002 that originally returned drill core assays ranging between 75 to 470 grams of gold per tonne over 2 meters wide starting at the 70 meter depth, and continuing downward.” –per the April 8th, 2014 Shareholder’s Update. www.medinah-minerals.com/shareholder.html
Continuing from the same Update: “As we confirm grades, shipping of the high-grade material will commence promptly to the nearest Enami refinery for processing.
LDM Chile Company will provide further reports including certified assay results as they become available.”
There you have it, Krak. Enough about flights of fancy on fairy wings… Prepare to be “rocked.” I’ve never been more optimistic about the possibilities….
Just supporting the stock I'm invested in, by kracky. What are you supporting?
First vegetables and now dreamy fairy wings? What we're talking about here is gold. Could we keep this on topic?
Happiness in Medinahland means never having to say you’re sorry for leaving behind a bushel of half eaten carrots. I’d rather have a 30% FCI and 20% ownership (of CMLDMC) in a producing mine, per the February 26th, 2014 Shareholder's Update www.medinah-minerals.com/shareholder.html.
I like the part of the Update where it is stated "A contract is presently being negotiated that demands a rapid cash flowing formula to support mining operations and create positive cash flow and net profit as soon as possible for NUOCO owners and shareholders."
One wonders if a dividend might be waiting in the wings....
That fancy medical talk is flying over my head...
All I know is that Xoma's unpronounceable drug candidate, gevokizumab, is expected to show positive results in trials for the treatment of Bechets. Judging from the skyrocketing price today, perhaps someone knows a little something....
Stay tuned for more information from the official company website, Pocho. I don't have those answers for you now...
While you're doing the ROFLMAO with your bushel of vegetables, I'll be laughing all the way to the bank, thank you.
Of course not. But provided the assays have been taken and analyzed, someone probably has. There seems to be a dearth of probable answers as to the reasons for the sustained recent share price appreciation. As far as I'm concerned, my speculative guess as to why we're heading north is as good as anyone else's.
There is no doubt we've "struck gold." Per the Shareholder's update of April 8th, 2014, "We have entered the targeted high-grade zone intersected by DDH-002 that originally returned drill core assays ranging between 75 to 470 grams of gold per tonne over 2 meters wide starting at the 70 meter depth, and continuing downward. The vertical shaft penetrated multi-fractured zones of darkish, quartz and country rock mixed with sulphides and some visible gold. This section expanded to 3+ meters in width and is being professionally sampled by our geologist at different elevation levels.
Just below the described zone, crews have opened up the discovery area under DDH-002 and noted highly fractured quartz/ porphyritic material. Visible gold was readily seen in this section that is expanding beyond the 3x4 meter size of the shaft. The porphyry material shows gold mineralization with no indication of copper. This requires serious investigation as it may indicate a new porphyry intrusive separate from the known copper/gold porphyry identified earlier. Due to the nature of these exciting findings LDM Chile Company has now enlisted round the clock security guards on-site.
As we confirm grades, shipping of the high-grade material will commence promptly to the nearest Enami refinery for processing.
LDM Chile Company will provide further reports including certified assay results as they become available."
So there you have it. Any more questions?
We have an operating mine and a JV around the corner. Sure 15 years is a long time to wait but the good news is...We've struck gold!
It's not a waste of time. There will be a lot of new investors taking a look at this company soon and I am happy to clear up what I feel is a misrepresentation when I see one.
Development of a mining property is a notoriously slow process anyway you cut it. Despite that, promotors will promote and wild claims will be made.
Detractors are stating basically that overnight success is eluding them. Some feel "burnt" because they overextended themselves or bought at the highs.
It is my opinion that those with a lack of experience or knowledge investing in securities should stay away from these microcaps, especially the pink sheets. Now, it is a free country and people are welcome to take their lumps as they see fit....
As an investor with close to forty years trading and investing experience, I have, with only one exception, stayed away from penny stocks for the first thirty-five years of my investing career.
I sincerely feel that those who blame others for their investing mistakes are misplacing their anger. They need to adopt a pragmatic attitude and confront their own naiveté.
The outstanding share count for MDMN is 968,353,270 as of Sep 30, 2013. www.otcmarkets.com/stock/MDMN/profile
This number of roughly 968 million represents the number of shares that the company has actually issued. This includes all the shares that can be bought and sold by the public as well as restricted shares.
The “float,” or shares that can be freely bought and sold by the public, stand at about 748 million total (at the end of 2013).
The authorized share count that you give amounts to the number of shares in the company’s “treasury.”
Although a company can issue a certain number of authorized shares at inception or by a vote of the shareholders doesn't mean it will issue all of them to the public. “For example, company XYZ may decide to maintain a controlling interest within the treasury just to ward off any hostile takeover bids”. www.investopedia.com/articles/basics/03/030703.asp
“To cash in on those 3 billion shares,” as you put it, would imply that massive dilution of the float is in the cards. With income commencing from NUOCO/LDM production (per the April 8th, 2014 shareholder's Update www.medinah-minerals.com/shareholder.html) and the perhaps favorable terms of a joint venture still unknown, massive dilution of the company’s trading stock seems unlikely in my estimation.
It has been about two weeks since the Shareholders Update of April 20th, 2014. In that update, it was stated that miners had reached the equivalent of the 67 meter level of DDH-002, and that just 3 meters remained until the "high-grade" zone was struck.
I can’t help but think that in the past two weeks we have reached the "glory hole" and now have assays in hand. If analysis of rock from the depth equivalent to the 70 meter section of drill core from DDH-002 is what we think it is, we are going to see some real excitement once the official news is published. In the meantime, well, leaks of information do happen. The next five or six weeks could be very exciting!
MDMN is now #17 on the I-HUB Breakout Boards. This board measures, among other things, posting activity (which is up 365% over the past 24 hours for this board.
As word spreads about MDMN, let's be sure to be civil to our new posters, both pro and con about the stock.
Nice closing volume with higher pps!
Whoaa dude, looks like your forecast might be right on....
Both share price and volume give us a clue to what may happen in the future. Many times price and volume rise for no discernable reason, only to become readily apparent later. "In the most basic form, traders like to see volume slowly increasing in the direction of a trend." www.tradingmarkets.com/recent/using_volume_indicators_to__improve_trading-678475.html
That's what we're seeing here, a slow steady increase in both price and volume. That's good. In some instances, extremely high volume and price spikes are just as bad for future share price as rapidly declining price and volume.
I'm a fundamentals guy but I use the MACD crossover indicator and think articles like the one mentioned above are easily understood and helpful to anyone.
And with all due respect, technical analysis is more helpful than the advice of posters on message boards.
You'll notice our resident technical analysist shows you the chart and explains what is happening but does not urge anyone to buy or sell.
Lovin' my sweet little 5-bagger here!
The DDH-002 drill core samples, by definition, can not include sampling over hundreds of tons of ore.
The quality of sampling taken at the various shaft depths does indeed pose a valid question. Despite that, hundreds of tons of ore can not be extracted say, from the 66.5 or 67 meter levels of the shaft due to the confines of the shaft dimensions.
Someone said on this forum that assays had been promised but not delivered. Here's one for the copper production tunnel: www.medinah-minerals.com/pdf/ldminformdeanalisis.pdf
Key to column A:
M-1 and M-2: 10 meters from the end of the tunnel
M-3: Manto structure
M-4 and M-5: Manto oxides
As for the monster trucks, well, score one for you, by kracky...
With values of "up to 122 grams of gold/tonne" www.medinah-minerals.com/highlight2012.html, we'll be salivating with a high degree of gold fever. Forget the carrots.
Thanks. You have answered your question.
No one knows how long it will take to release the information. When released, I would expect the information to be obtained via the official company website as a Shareholder's Update and then to the wire services.
No one knows what the belly of the mountain holds or what the future holds. Let's keep an open mind.
As a shareholder, I'm naturally enthusiastic about supporting the stock I'm investing in. Getting to the shaft level correlating to the 70 meter depth of DDH-002 is a big event in my estimation.
What say we dig around a little down there before pooh-poohing the whole thing?
We have been looking forward to assays from the gold rich target zone at LDM that coincides with the 70 meter depth of DDH-002. Remember, the initial assays from the shaft were reported at 6.6 grams of gold per tonne at the 66.5 meter shaft level and 9.8 grams of gold per tonne at the 67 meter shaft level. The April 20th Shareholder’s Update confirms that these assays coincide with the assays received at similar depths from the DDH-002 drill core samples and that “We now expect that assays from the downward target zone will confirm assays from the 70 meter section of the drill core.”
A professional geological assessment, assays and further exploration of that 70 meter level followed by PR are a no brainer at this point. At last this company will have something to crow about. This will be a golden opportunity to spread the word. Celebration time is coming very soon!
LP does not sign the company updates.
Got a solid three-bagger on this little gem already and it's just the beginning!
The Shareholder Update of April 20, 2014 stated that “The progress of the mining work at the LDM/NUOCO projects has opened up new discoveries which may have significant impact on our understanding of the potential scope of mineralization over the entire Altos de Lipangue claims area.”
The update explains that beside the significant discovery of copper made at the LDM, which “appears to be porphyritic in origin, and associated with the Altos de Lipangue breccia pipes,” another “surprising and potentially game changing discovery” was made. The update goes on to tell of “yet another porphyry intrusive separate from the known copper rich porphyry in the Altos de Lipangue breccia area. This contact has revealed a gold rich porphyry/brecciated zone mixed with quartz. We have received initial assays from the 66.5 meter shaft level, approximately 3.5 meters above the high-grade target zone, which contained 6.6 grams of gold per tonne. A second assay taken at the 67 meter level revealed 9.8 grams of gold per tonne. This confirms the assays, at a similar depth, that coincides with the assays received from the DDH-002 drill core samples. We now expect that assays from the downward target zone will confirm assays from the 70 meter section of the drill core.”
An “evaluation of a Professional Geological Assessment related to both of these discoveries” will be made to better understand the value of these discoveries.
Finally, “Medinah’s management team has determined this additional information and findings to be potentially material to prospective financial well being and potential profitability of the company.”
In a nutshell, the “standard industry deal” offered by the “Peruvian mining experts” might not be good enough for JJ’s baby. And who can blame him? A proud dad wants only the best.
Of course, more than one shareholder is expressing disbelief that any deal, standard industry or not, could slip away while JJ shops around.
Since development of the LDM claims is spoken for by NUOCO and the LDM investors, how do the discoveries mentioned in this update specifically enhance the value of the greater ADL? That’s the million dollar question, one that could possibly be answered by additional drilling on both the plateau and the gulch that the LDM is situated in.
The notion that the LDM provides a look into the belly of the mountain needs to be examined a bit more. This notion can only be proven by professional geological analysis and comparison of core samples from the ADL and perhaps samples from lateral drilling on the LDM. If an extensive supergene enrichment zone can be proven to exist within the mountain, we may be in business.
As an enthusiastic (still) shareholder, I can’t wait for professional sampling and metallurgical assays from the high-grade target zone at the LDM. The company has pledged to do this, and now that they are only 3.0 meters from potentially earth-shaking assays, the moment of truth is near. If analysis of rock from the depth equivalent to the 70 meter section of drill core from DDH-002 can be found to match samples existing elsewhere on the plateau, maybe JJ is on the right track.
I’ll keep an open mind in the meantime. After a number of years, this is starting to get really interesting.
I’ll let you in on a little secret. It took me quite a while to figure this one out, but once I did, things began to make a lot more sense.
In short, there is no actual “Twitter Office.” The Twitter Office consists of only one person. There is no staff or office space to house a staff. When a “consensus” is reached, as per this mentioned post, that is a consensus of just one person and really amounts to nothing more than a personal opinion or hunch.
All I can say that is when I learned the truth about the “Twitter Office,” it felt like an epiphany.
Finally! Longs will just start reaping the rewards of their patience...
You've got that right! And once we longs get our moon shot, the chasers will be left behind in the dust...
Needs to be a sticky. Those assays at 3 and 3.5 meters above the "high grade zone" represent awesome grades in their own right.
"Yes, gold grades at 0.245 oz / 7.64 g per ton is exceptionally good. Falling into the range of the best producing gold mines of the world." -https://answers.yahoo.com/question/index?qid=20100602122043AA317hZ
You talk about "signs" you have and "info" you are privy to. Mind telling us where this information is coming from?
Well worth re-reading. Spot on...
For those who still "don't get it," this post is worth reading and re-reading until these simple and powerful facts about this investment are understood.
If ever there was a "no-brainer..."
Nice little uptick there....