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and by the way, decosta is quite the bully himself
he uses his superior knowledge of mining to try and pull fast ones over every ones heads,and telling people they are too ignorant and too impatient to understand. Luckily we have baldy to keep him in check, otherwise he would just keep getting away with it like he has been for years. Now he's claiming it's his religious background that has him behaving the way he does,and is always bating people into using the term fraud. In fact he'll lie and claim baldy used it when he hadn't. He's a bully that way .
Baldy's retort : "Please don't accuse those who are looking for answers as claiming fraud or acting in some "unholy" manner.
I saw that too, and IMO it was all an act to make it look like doctor slime is not part of the team nor taken seriously. And from the sounds of it, people fell for the ploy. As to how important a role he plays; since when does GC introduce shareholders to other shareholders at an AGM in front of everyone? :
"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."
As far as I know, (from Hand's history books) decosta has been around longer than GC. He and LP have been promoting the stock and property together since day one, Hand has documents to prove it. It is extremely naive to think that decosta has simply lost objectivity. You don't make up excuses for every misstep and defend liars like LP etc without a serious agenda. There is one shareholder who claims he bought 12 million shares on decosta's promotion. Decosta is not the only one that is part of the promo crew, but the only one I can talk about here. Anyone who speaks with so much authority, yet is consistently wrong, is not just another shareholder. It is not coincidence that decosta talks about the importance of the mensura, and then we see it in an update that it was the reason for a long delay. Its' no coincidence that he goes on and on about becoming a PG,and then they put out news acquiring more property. It's no coincidence the company never , EVER delivers, and decosta starts blabbing about the lalond article and how it takes 17 years to go from exploration to production. Meanwhile his partner LP is telling everyone this "week". The only photo I saw of decosta at the last agm was him hanging out with LP. There are no coincidences when you run a 16 year mining scam and get away with it.
what does meeting him have to do with anything?
Apparently he's a good guy in other regards, but when it comes to medinah, he's as bad as LP. No wonder those two are buddies. It's
'the good cop bad cop routine. I cannot fault someone who has been in this stock for over ten years,and cannot see the forest from the trees, to think decosta is on the level. What most don't realize is he plants all the seeds, and then the company follows through. He blabs about the importance of the mensura,and the company puts out an update saying delays were caused by it. He blabs about being a project generator,and the company puts out an update with new claims. LP lies to shareholders left right and center, and decosta claims it's juts a communication break down. LP creates huge expectations,and decosta tells shareholders to do more DD if they don't want to be disappointed by how slow things go after lie after lie from LP. He's disgusting.
A shill he is
decosta loves tempting shareholders to use the fraud word, as if they will be in trouble for doing so. Little is he willing to admit that LP himself was charged with fraud. Shareholders are starting to get fed up with his shill ways though
decota : total slime ball like LP
now he's blaming managment's lack of credibility on shareholders. Good thing baldy is around to keep decosta in his place
" In management's going from the lowest possible depths of credibility (much of which has been either generated by or sustained by shareholder comments) to managing possibly one of the 1-in-1,000 that the mining analysts constantly cite you'd have to expect that the repercussions in a sector famous for placing the emphasis on "management, management, management" are going to be significant. But what exactly might those repercussions include and how can they best be levered?"
I love it
almost as accurate as rick's call for 6 million shares today. Oh wait a minute, he didn't say 6 million today, he just said 6 million. We can space that over a week or so and he would be correct. Just like when he said it was a when not an if. He just didn't mention which year or decade, but eventually an ADL deal should close. I was told march is off the table, from someone close to the deal, so expect a daily paint job. We may get something in april, if at all.
another good call Rick
I think the market smells a dodo. While everyone is trying to give their own explanation to the latest update, few are willing to admit it may just be a carrot toss. Historically speaking, they always throw carrots up when it's adl delivery time, and we all know what happened to ciclone and polo, they did their own dodo dance
it's called the carrot toss. Every time the adl is due, they throw carrots up in the air for shareholders to get distracted with . Think polo and ciclone, small deals that will evaporate in 6 months. Judging by your posts, the ploy is working on a few people, but unfortunately nothing will ever come of this deal, certainly not monetary. The present gorilla in the room is very reminiscent of partner A, and I believe the current "deal" is doing the dodo dance. Mark this post, march will be a bust. We may get something in april, if ever. Haven't been wrong yet, just ask Rawnoc.
favourite reaction to "news" is by easymillion : "I like the news, FWIW. May not do much for PPS immediately, but may get a few of the MMs concerned' ROFLMAO. Come get your omelettes folks
"Very weak day of trading yesterday, particularly considering the anticipated travel to Chile and expectation of developments/closure to the ADL joint venture anticipated with the trip"
I don't think the market anticipates any closure with this trip, charlie brown has smartened up. Also, MG says we will see adl closure only if things go as planned,and we all know in medinah land things NEVER EVER go as planned. We are looking at april the earliest, if ever.
they ran out of delay excuses
and LP needed a break from making them up. Seeing as the company hypocritically left the update open to speculation, we don't even know officially if LP is travelling. But it should give LP a break so he can carry on with his drinking without being pestered 24 /7,and give the company 3 weeks to come up with new excuses to put off admitting they haven't sealed a deal yet, nor found a proper partner that can close a deal with cash. I say 3 weeks, because upen their return we'll be hearing the old" give them a week to settle in routine. For anyone wondering, march will be a bust, there will be shares in the 03's so keep some dry powder.
Moving at a snail's pace now
time to find some sand
today's action being a clear indication of what's in store for march and april, I think we are going to need a lot of sand to bury our heads in. Those who unloaded during Rick's last buy signal will have a lot of cheapies to chose from in the next 45 days, no worries there
GC capitol was told the trip was for other business
Not the closure of ADL. The market is getting tired of omelette predictions. Considering the deal is having a hard time getting funded, I would say it is hanging by a thread, and the market knows it. They don't want to admit they haven't been able to fund the deal, so they made up a bunch of excuses as to why things have been taking so long IE permits etc. GC told baldy at the last AGM that all permits were already taken care off. But then again he also lied about it being done done doodly done done.
doctor slime using the "IF" word again.
Actually its doctor slime and his "group"
"if Medinah executes a lucrative JV on the ADL one might anticipate that the "value" or size of the LA 10 and LA 1-9 squares might grow quite a bit with each dollar spent on the ADL because they might now represent future mine life extenders for any ADL mine/mill complex"
Yeah, if it happens. But we all know that with ultra high risk/ultra high stinky pinkys like medinah, the if never turns into a when. All the omelette around here proves it.
Unfortunately all it means is they bought themselves another 2 weeks. Everyone can put their heads back in the sand now. In two weeks time we will be hearing the "one last signature" song, because after all, you don't go down to SA unless an augmentation is needed. You certainly don't go down there to sign, as we all know LP doesn't need to be there. As baldy pointed out, they used a bunch of excuses like getting permits etc to stall for a couple of months. If it was so necessary to do all these things before the deal would have been competed, then they would have long been completed before partners A and B. Those saying " any day now" are saying it with omelette all over their faces, no credibility left.
sure thing Goldy
It has already been proven time and time again that when shareholders interpret company communications in a forward looking fashion, they are always wrong. Guaranteed two weeks from now they will not close. You can mark it. And please, let's avoid pretending that in two weeks we will be done, it has already been painful enough to be told by Rick "we are near finalization" without any delivery for 4 months steady. No need to create expectations that will not be met, as I think people have had enough spiritual gains for now. The company said they were busy with many things other than ADL, and no mention that they were going to chile on adl business. I wonder why? NDA? ROFLMAO
Just like I told you Rick
They are still in negotiations. It may be a good idea to avoid bringing up rumours when referring to where we are in the process,as the company itself is officially stating to do so. Around here, "any day now" and "near finalization" have become synonymous with this week is a bust. Actually , more like this month is a bust. Or would it be this quarter is a bust?
Rick, are you hearing any good rumours?
we sure could use them about now. From Karl : "I am not sure why the partner has been holding up the approval to announce, but all I can do is hope they have very good reason such as timing to get the maximum exposure. They are afterall a successful billion dollar company, they should know what they are doing. "
maybe Karl hasn't thought about the fact that the only thing that could be holding up the partner is they are still negotiating a deal. After all, Roberto did say we were still in negotiations. I am guessing the negotiating isn't going all that well, and soon we'll get an update letting us know they are still working on it. Next week sub 4, the market has had enough of les's lies.
17 years of distributing shares,and nothing to show for it
Sure, the claims have grown in that time, but so did the carrots in the garden. What folks don't realize is when they listen to the lies from LP,and then claim we are on any day status, they are helping the company distribute shares. By claiming any day now for 4 months they have been able to keep the PPS above 4 cents, but how much longer can these lies be accepted? Can't wait for the next round of "strong rumours", they are making everyone look like naive fools. They actually have people thinking that fridays is conference call day ROFLMAO. On fridays LP is drunk by 2 pm IMO, that is why he isn't available, has nothing to do with conference calls.
rumours are very strong
we are on any year now status.
new update from geoly!
:"I'm prepping for the big show. If LES can get it right for once it would have debuted with the news today!"
why is LP somehow related to us not getting news? Was he too drunk to come up with some BS to update us on? Maybe they rely on him for not just the back channel lies, but the releases as well. Sounds like we are back to "any year now "status
From HR : "As many shareholders with their ears to the ground have tried to express, we are close and an update with potential news is anticipated in the very near term. "
So Rick, you are saying that because LP says we are close, you assume we are too? Is it possible as you posted earlier that we are still negotiating with our partner/parners? Maybe the negotiations are still on going, hence why it's been 5 months since lP said he wouldn't come back from chile without an LOI. Looks like February is a write off
Rick,are we still on "any day status"
it appears that the new meaning of "any day status indicated by rumours" is take "the week off". Hell, take the month off. At least it is now clear beyond a doubt what that "near completion" really means still in negotiations. There cannot be any other reason the partner would stall for 4 months, no worries there.
Mm's playing games, Rick did you see that?
It's so obvious the MM's are about to be in a world of hurt, and are doing their best to make us think that LP and his friends are lying. My source says we will probably be at .25-.50 in very short order and asked if he could borrow 500 dollars in the meantime.
very strong smelling rumours out there
I am in my happy place. I heard 2 years ago we would get 100 updates. Expecting the first one any second now, and the rest to come in quick succession. Mike gold says our jv partner has put out news, but since we don't know who the partner is, I suggest you pick one and read their news. I am also hearing that next week should bring the closure we have all been waiting for. And if not that one, the one after that, with a slight chance it may be the one after that one. Hoping the whales show up so fireman can take note. For any one that's bored, CDEL jumped ahead with a 260k block at .0444
I think that's becoming obvious to many :
"Knowing Les and his sneaky ways I would not be surprised if its not Volcan one bit."
I think Paddy echoed the same. I'm pretty sure Volcan were quickly scared off for good when medinah chose to work with a criminal over them. They knew ulander's track record, and choosing him over them marked medinah as a two bit scamming outfit that were more interested in mining shareholders than the property. Of course LP's history of stock manipulation and fraud (the widows) did not help medinah's cause, but partnering up with criminals was the last straw. I highly doubt any self respecting company would partner up with medinah. If we do have a deal in the works, it's bound to be with another ulander type partner IMO. May even be ulander himself. For those trading the stock, it doesn't matter who the partner is, as long as it swings, even if it's all based on lies
"With rumoured news regarding the JV persisting this week"
rumours Rick? Really. Regardless of what happens with the chart and L2, these mythical rumours will soon be another week gone by without results. With many, many more next weeks to come, your rumours will prove that the fundamentals are weakening by the day,and so will the PPS. I said .03's and we already hit them. Expect more of the same as the weeks drag on, while your rumours prove to be nothing more than LP playing with shareholders
"I remain in an "any day" mode like I was last week as far as the JV announcement is concerned." -Rick ROFLMAO
and another gem : " With rumoured news regarding the JV persisting this week, this technical divergence seems likely to correct itself with a move to the upside"
Rick, I guess you haven't noticed that those rumours are all lies fabricated by LP, .and never come true. The only thing we may get this week is an update, mark it. This weeks is another bust, it was guaranteed by MG : "Expecting lots of tweets this holiday shortened week..I suggest you turn up the volume on your smartphone to enjoy the sweet sounds of success! "
As reality sets in : " All this pain is making me a better man" - anonymous
"Hopefully the stars align in the next few weeks and the pain, both financially and emotionally, that we have all experienced over these many years will be overtaken by sheer surprise and utter exuberance." - bendPanikfan
joking aside, who wants to take action?
you can PM fireman over on mp, I rescued his post before anyone could delete it
"All of my years in this investment, I have kept, every email from the bod, and les when I communicated with him. I have a copy of the last agm, and every single update, Q&A, and even Chapin rants(whoops already said Q&A), including when Regis, and price's correspondence. I have kept a good track of when the price has jumped, and when it drops, including volume. There is definitely a pattern, and one that stands out the most is when the so called "whales" show up. I have been in risky investments in the past, but this one I take more personal because when someone looks in my eyes and bs me more than a handful times, wishes my family well, gives me holiday greetings, and then goes mute with no further explanation I take it personal. If anyone one would like to pm me with written proof, tangible info, of misleading info from this company I would like it. (Including yours george). Please don't pm me without giving me, contact info for further follow thru. Please be specific on all info, cause it will take all about 3 months to gather info in the fact finding stage.
so we are still in negotiations?
from rick "FWIW, Roberto clarified that when he was speaking of the change in partners he was referencing the change from Amarant to the current unnamed partner MDMN is negotiating with"
I had a feeling we weren't anywhere close to finished.
My bad
I missed that last line in Mariner's missive, and thought that decosta added that in. So as it stand it is mariner that is asking "if" a deal will be done. Even better. Talk of taking legal action has started up again, which is usually a sign the "deal" is doing the dodo dance.
that's what I thought;.04
and we are very close to breaching that threshold. No kidding, after 3 month of lies from LP, the fundamentals are weaker than ever. Even roberto is mumbling something about partner and negotiations: "That question is understandable since that change in JV, partner has been in negotiations." Seems to fit with the company telling us they are still working on consummating a deal. Even doctor slime decosta managed to throw in the 'if " word : "please put out something substantive so that we have an idea of when (or if) a JV deal will be done and announced". Let's see how LP slithers out of this one
it's not uncommon practice to have metal detectors at AGM's
faceook had them, intel, disney etc
Security measures may include bag search, metal detector, and hand-wand search.
huge blow to the stock?
according to Rick, .04 has traditionally been the line in the sand demarcating whether we have a deal or not. At our current SP, we are half a penny away from no deal at all. I highly doubt that most shareholders think the partner is Volcan, because if confidence was that high the stock would be reflecting it. What the stock is reflecting is uncertainty whether there even is a partner. Month after month of LP lying to shareholders is a tell tale sign that things are not rosy at all. When the company states as an after thought to a carrot toss that they are still working on consummating a deal on ADL, they may very well still be looking for someone to fund the deal. Or maybe their potential partner is still looking for someone to fund the deal. Or maybe the potential partner changed their mind, and we are already onto partner D. As far as the partner being Volcan, the only ones spearheading this idea is geoly and mike gold. The history of being correct on anything medinah related by either of these two is abysmal at best. Watch what happens to the stock in the coming weeks as LP's lies continue to pile up. It appears to me that those selling at these levels in all likely hood are selling shares from the printing press, no loss to them. IMO
hang in there paddy
hopefully decosta can offer some distractions to the gorilla in the room. He seems to revel in the suffering of others, offering that LP isn't a big fat liar, it's just a communication breakdown ROFLMAO
It won't happen "til" after may
'
LP didn't finish his sentence. "Garbage as usual, it won't happen til after may"
I checked my sources and 1) the partner isn't volcan, which is why LP is allowing people to think it is. Unlike with amarant which he specifically denied their involvement. 2) the agm is to discuss option on the LDM which is why they aren't hauling any ore yet. And 3) the supposed partner does not have the financing yet for ADl, which is why we were officially told by medinah that they are still working on consummating a deal. There is going to be a hell of a lot of time to buy on the cheap, I would put some stink bids in at .03. We should be in the high .03's soon because the "next weeks" are going to continue to wear down investors. Haven't been wrong yet. And sorry, but I can't name my contacts, if I did I wouldn't be right all the time
and for anyone needing any proof whether decosta is a shill or not, he just offered his explanation as to why LP lies through his teeth non stop.
"If I'm not mistaken aren't Les and those that call him and quote him basically both two links in a very imperfect information chain? If the JV partners are behind schedule in what they have been indicating to Medinah management as to the approximate timing I could certainly picture a lawyer or management member down south constantly telling Les to hang in there it's coming any second, don't give up on us.
Somebody then calls Les and asks what's the latest? Les says I'm told any second now. Les is 6,500 miles away from all of the action. The guy Les is talking to might have 3 guys ahead of him on a similar information chain if the company we're dealing with is vertically integrated or if there are a variety of key players. I think it's incumbent upon us to realize that this chain is extremely imperfect FOR REASONS WE CANNOT APPRECIATE. As far as impugning the integrity of any participant in this chain that seems kind of silly. There might be layers of complexity to this deal amongst a variety of players indicating to other players that their role is 99% complete and don't give up on us. This is a very large deposit that's going to necessitate the expenditure of an awful lot of risk capital that might have co-dependent tentacles branching out in all kinds of directions.
my mistake
I though the jv was going to get finalized in May, but it looks like it will be after the AGM, like in previous years. Today Geoly asked LP his thoughts regarding closure in may, his response : " Garbage as usual"
LP knows his garbage, so I'm now thinking more along the lines of June -July
from mike gold :
"Well-this week wasn't a complete bust. We did get an AGM notice which seemed to at a minimum set a back stop when funding is expected to be obtained lacking any other official statement from Medinah, finanicals came in early without any unpleasant surprises, and a whale made an appearance in bid support-again a hopeful sign"
at least we know that at a minimum medinah should have a funded deal by may 11. Hopefully the whale will keep us from going to into the low .03's which is where I predict we'll be going with all the delays until the back stop kicks in. Don't worry guys, three month will fly by, I already warned Rick we were still 2-3 months away.
As to latest rumours, volcan had a BOD meeting,and they decided may 11 was going to be the date to release the news. They know les is doing his big PR blowout gala and wine tasting spring tour in march, and decided they would wait for his return. Makes sense to me
last official word is they are still working on consummating a deal
they've got three months to keep working on it. Don't expect closure anytime soon, it is written.
Don't forget, there is security at the AGM for a reason, BOD always comes out on top
partner is holding on to cash until last possible moment
It seems every time the shareholders get strung along for months on end, the only thing left to do is come up with excuses for the company. And as per every deal, the old "holding on for interest " excuse pops up right on time
"When you are dealing with a huge transfer of funds even a few days of interest is significant. They will hold back until ready. jmho.
ROFLMAO
It's just a matter of time before decosta that offers the partners are waiting to see LDM results first.
did LP lie about this week again?
gotta love Kirk's latest input "a date has been set by the partner" ROFLMAO . The whole "set date " thing has been a running joke with medinah. Kind of like "the money is in escrow" or "nothing left to do" . If the partners set a drop dead date, then let's hear it. Apparently the AGM carrot is working on shareholders (yesterday's news has kept me in the game a little longer), but the market just sees it as an excuse for more delays.