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They've ran such a successful scam over the last 15 years that as of today there is no legal action pending. Damn, these guys are GOOD...like best ever...even better than madoff...scam hall of fame candidates in my opinion.
Then again they may just surprise some of the faithful longs with a reward. I'll be there for payoff. Will you?
What is the average time that it takes for a Jr. mining exploratory company to bring it's property in to production?
Let me save you the effort...11 years...but they are all scams soooo
Here's a news flash...every mining company regardless of size or market cap has "Issues"...that is the nature of the business. The Jr. mining sector is a high risk high reward play.
As for Amarant being exceedingly shady, I just have to laugh. Did you see who they just appointed as their CEO? Arto Kuusinen is hardly shady. Maybe you should do a little DD on him. On top of that did you see who they just named as the lead designer for the Alto project? Dr. Michael H. Smith is hardly shady. And to wrap it up their new IR girl is well respected as well.
So how about we stop with the scare tactics of an SEC investigation. If you feel strongly that there are improprieties going on why you should inform the SEC of your concerns and urge them to investigate. That is your right as an American citizen. Please let us know how that works out for you.
Not to mention that the majors don't buy property like Medinahs until the Jr. has spent his own money to drill and prove up the property. That's mining 101 folks. The Barricks of the world don't spend their own money to explore...they buy proven reserves.
As for the LDM...pay attention all. That property has all necessary permits and will start showing sales of pm's in short order.
I have been in the stock for over 7 years and have yet to see the price JJ paid for the LDM claims. Please provide a link to this information. You won't find it but it will be great to see if you do.
As for the percentage split. It is now MDMN N.A. with a 51% interest vs. JJ and family with a 49% interest.
Amarant gets NOTHING until the full $180 million gets paid. Until then they own NADA!!!
The LDM is easily worth 5 cents but you have to believe that the resources are there. Fortunately I know what I own and won't be lead down the dark path that is deception.
Watching the non-believers backtrack on the LDM when we have hard numbers is going to be entertaining.
(Insert ficitious tone) Why on earth would I want to educate myself before throwing money at a pink sheet jr. mining stock Rick. God forbid I understand that this is the right property, in the right country, in the right political environment and with the right money men to take this to the next level. Here's to next week quieting the crowd.
I think it is spot on that Amarant doesn't have the money to fund medinah until they can swing their ipo.
Let me bring you up to speed once again. It is NOT Amarant that is having an IPO. They are a private company and intend on staying that way. Alluvia is however having an IPO in Q1 2013. These are the facts.
To me it seems like Amarant is using Medinah for bait, claiming they own it while never paying for it. It helps their ipo while not costing them a cent.
So you are saying that they are intentionally deceiving future investors of the Alluvia IPO by throwing Medinah Minerals in their portfolio? Is that your opinion?
If you look closely at all of the properties under the Amarant banner Medinah's properties are fare and away the crown jewel. Of course the Alluvia IPO is more about their AuVert technology and not the properties that will utilize this technology.
This stock will continue to drop for the next 3 months.
Are you saying that after the three month mark the price will be higher. Nice, I'll take that.
Ladies and gentlemen, please do your own DD. Start with some of the informed posts by Hurricane Rick. He nails it spot on. The majority of the rest are pure fluff.
Come on Rick...you took those pictures in your backyard didn't you. (That's me being facetious)
I find it utterly hilarious that some think a picture is what we need to validate the existence of drilling equipment yet if it were provided the picture would be called a fake. Oh well. I guess those that have the foresight to follow through with their investment will be richly rewarded and those that were short sided will cry in their beer.
I imagine that the deal will get announced and the detractors will continue to say it's not real. This will then be followed by a request to see a picture of the canceled check from Amarant to verify that MDMN has actually received funds for the deal. Of course these funds will show up on the balance sheet in short order but in the interim there will ample time to call them bogus. For the next 3-4 months after that the narrative will be that it is taking to long to get drill results as if they have actual knowledge of the inner workings of a mine. This would be a good time to brush up on what MG and Doc have been trying to do in teaching those less informed of what to expect. After the assays come back some rank amateur will provide a reading of the results, calling them inadequate for shipping or refining or purely non-economical for mining. And on and on this will go, all the while the investors will be laughing all the way to the bank.
Thanks for the clear and concise DD here Rick. Please keep up the honest work for those of us that appreciate that sort of thing. Can't wait to watch this play out. Hopefully I can get an internet connection in Belize where I will be taking an extended vacation.
Thanks for that update. He has been doing mine and my families teeth for 10 years now and I have known he and his son for over 20 years.
With that I will ask again if anyone on this board can provide a laymans evaluation of the published geologists reports. My point is that the Doc is far more educated on mining/geology than anyone that I have seen post on this board and while it is easy for some to discredit his evaluation they can't seem to come up with one of their own.
to be clear, it is ok in America to be educated in more than on field of expertise. He is hell of a dentist but he is also well educated in the field of mining and geology.
I'll patiently wait for anyone with more knowledge to provide their evaluation.
I'm sorry to hear that you gave up that much of your position Funky. At least you have some skin in the game for when it does happen. One note, that mountain that we own (51% MDMN N.A. vs. 49% MMC) is hardly little. 10K hectares is about the size of Detroit and the reports on the MDMN website by licensed geologists tell the story. Choose to disregard the Doc's evaluation if you choose but during the last two years I have yet to read anyone on this board come up with a better evaluation based on the data available. Probable because most don't have a clue what geology is but hey why would you need geology in the mining sector right? Either way, the partners, while not exactly the quickest bunch on the planet will fund this deal and the results will speak for themselves. I'm no geologist so I don't pontificate on that which I do not know. Rather I choose to read and educate myself based on those that do and that includes the evaluation by the Doc. Good luck to you and keep a few shares around just in case.
http://www.mangold.se/MangoldOnline/Mangoldlistan.aspx
I wonder what this site is all about? Looks like an exchange that buys/sells/trades Alluvia shares.
How odd. Time to pay attention folks the good times are gonna roll.
First of all it's Alluvia that is holding the IPO in the first quarter of 2013 and it is Alluvia shares which we now hold.
As for a contract? I'm not sure what you are referring to. Can you please provide a link to this contract so we can look at it as well.
For what it's worth there is already a market for these Alluvia shares and it you do a little DD you will find out where that market is.
Homie, the time is now and I sincerely hope that you of all people are still holding. Bout to get good. Right team, right country and right geopolitical environment.
Oh, and word on the street is that the first load of ore is headed from the base of the LDM to Enamai. Can you say paycheck? Shorty bout to get creamed.
I'm not even sure a partner like Barrick would satisfy some around here besides if you follow Barrick, other than their cash on hand, they have some real problems right now.
When this deal gets national attention we can parse the details, until then it is best to educate yourself on exactly what it is that the mountain contains. Gold/silver/copper/moly and iron ore in MASSIVE quantities. We are located in the most stable mining country and our property has all the necessary infrastructure to handle the job including an experienced work force.
Just because this is not happening on ones own made-up time frame does not mean that it is not happening at all. Once the mountain is proved out the major miners will come calling with their large reserves of cash to make a buyout offer. That will put a sting into the shorts big time.
None of the so called "Insiders" get upset because we all know that everything is moving forward. When we stop getting updates that is the time to worry. Medinah has offered more information this year than any in the past. All you have to do is put the pieces together to realize that. Personally I am very excited because I know that everything is on track and the deal is real. Our partners have a stellar background that will be necessary to carry out a project of this size. We aren't digging a hole in the backyard here. The mountain is real, the price of the metals in the ground are gaining in value everyday and the demand for those metals will only continue to be strong. Chile is the most mining friendly country out there and that will pay huge dividends going forward.
The restriction was lifted on the 3rd of this month. Our transfer agent is working with all brokers to assist in this issue. I would suggest that you check the dividend thread over on MP as there is a ton of information for a bunch of different brokers. My main broker lifted the restriction be signing one piece of paper and mailing it back. No fee no fuss. My other account is with etrade and they seem to want to charge me money to lift the restriction. Every broker was given ONE (1) certificate for their entire position in MDMN. Not one per account, one per broker. Etrade is attempting to charge me $150 for researching the lifting of the restriction which has already been lifted plus they want to charge me $80 as a pass through from the transfer agent. It's amazing what these brokers will do when perpetuating a fraud. If you want to PM me your email I will be happy to do what I can to help you with your situation.
Awesome Rick. Unfortunately an informed post like that will either go right over the head of most or be totally ignored. That is an unfortunate position for those people as the work done by breccia is solid and unrefutable. I have learned more about the mining industry from the good Dr. than from anyone else. I am no expert but he has given me a free education over the years which has allowed me to become much more comfortable with this investment.
Have a great weekend.
And the hits just keep on coming. Tomorrow or Monday at the latest the yield sign will be lifted on the OTC market website. Hopefully everyone around here understands the importance of that designation. If you don't then it's time to do some homework to better educate yourselves. When the PR company begins their onslaught of the mining community with all of the stored up information the absence of said yield sign will become evident. The $6.7 million dollars has been designated to the drilling company and equipment is on it's way up the mountain. Amarants geologist has been working with the team over at the LDM for the past two months and the knowledge that he has obtained (For free I might add) will be invaluable as he now has a much better understanding of the mountain. The 20,000 meter drill program will prove what all of us true shareholders have been saying for years. The mountain is chalk full of GOLD/SILVER/COPPER/MOLY and Iron ore. In short order those drill result will illicit a response from the major miners of the world as their reserves are dwindling as are the number of WORLD CLASS finds that are left on the planet. The majors are flush with cash and ready to spend. Their decision is all that much easier to make when drill results are available. Chile is the most mining friendly country on the planet and in this geopolitical climate majors will pay up for that stability. The infrastructure is in place and there are plenty of experienced miners ready and willing to work. History is in the past and we are operating in the present day so if you choose to look at all of the available information, which there is plenty, you will see clearly that the mountain is ready to stand up and scream. I would suggest starting with the team that is Amarant. Pretty impressive bunch of guys. Bet your bottom dollar they did their DD on Medinah and the mountain and despite all the noise decided to pony up the drill money and shares of Alluvia. 1st tranche is on it's way...MARK IT!!!! Vindication will be there for all the real shareholders.
For those that don't understand yet. Dr. DeCosta is merely a shareholder in Medinah Minerals. When it comes to mining and all of it's many facets he is BY FAR the most knowledgeable of any of the shareholders on this or any other Medinah Minerals message board. He is NOT an employee of Medina Minerals and does not promote anything. What he does do is provide his vast knowledge in the mining sector to those that choose to educate themselves about their investment. The ADL property has been looked at by numerous qualified geologists over the years and what Dr. Decosta does for the average investor is put the geologists technical terms in to laymans terms for those less educated that want to learn about their investment. I highly encourage anyone interested in Medinah Minerals to read through Dr. Decostas evaluation report. It is a wealth of information that anyone can understand.
I find it interesting that so many people discredit the Dr's evaluation because he is a dentist as if to say that in America you can only be proficient in the trade in which your employed. Truly comical. I would love to see an evaluation report based off of the qualified geologists report by anyone else on this board.
The company is moving forward with their plans and the payoff will be massive. You can invest in a major if you choose and the investment will be fairly safe. The jr. mining sector is a risk reward sector. If you have the aversion for risk and you want to make a ton of money then this is the sector for you if you pick the right company. Medinah Minerals is the right company in the right country with just the right macroeconomic situation. There is a $6.7 million dollar, 20,000 meter drill program that is 100% paid for by the consortium partners with ZERO out of pocket cost to Medinah Minerals. The mountain is about to speak for itself and when it does the big boys will be banging down the door to buy us out.
All of us honest longs are about to be vindicated for years of abuse. Ahhhhhh the sweet sound of success.
Wow, were really tanking here...NOT!!! Some people need to more attention to the facts and less to the rhetoric. Follow the bouncing ball folks because this is the bottom floor and the elevator is GOING UP!!!
The SEC has very strict rules FOR ANY COMPANY... the bummer is they have no teeth so...
Dude, I like you but I can guarantee you that BE is not selling a single share. he is way to smart to sell now that we are on the doorstep. I talk with him on a daily basis and i can assure you he is in until drill results or a buyout.
So lets see. you bought around the high based on , let me guess ZERO DD OF YOUR OWN?
But as for your repeated pump and dump claim. If you call words on a message board from ANONYMOUS posters a P&D then my friend you have A LOT of research to do but if you can give my ONE concrete example of where Medinah engaged in a P&D I will take that back to Les and clarify the position for you.
As for your admission that you no longer hold any shares, well at least you are showing some honesty. My question to you would be this...if you hold no shares what is your motivation for spending countless hours on a message board using scare tactics to dissuade others from making THEIR OWN DECISIONS.
As for the Barrick Gold thing. You have mentioned this multiple times. I have NEVER heard anyone of these guys mention that our partner was Barrick but if you have a link to any reference of Barrik from either Les or Larry please provide that DD for us. As for Kirk, he is just another shareholder like me and if you buy securities based on other shareholders views without doing your own DD then you are doing yourself a major disservice.
Buy and hold is one strategy that you mention. There are obviously others ans again what an individual does with his or her securities is THEIR CHOICE. My suggestion is to see how long it will take to dig all of those goodies out of a mountain that is the size of Detroit. Past geologist suggest a 30 year mine life. That may just be cause for a hold.
What precise warning is GG providing? Please expand on that thought for us uneducated. That would satisfy my curiosity
Maybe if everyone listed their average purchase price of medinah on their disclosure we could more accurately judge where advice is coming from
This is the best piece of advice you have given.
What was your entry price? Do you still hold any stock?
These are critical questions that I think everyone would love to know.
Here is mine. I first bought Medinah in 2006. My cost basis is below 4 cents. I hold over 500,000 shares including the now unrestricted dividend.
How's that for transparency?
Care to enlighten us on your history?
That was my point all along. The longs (who are the majority share holders) are in no hurry to sell. Flippers/day traders maybe. Again my original post was to refute what another person has been using to scare people and that was the statement that as of today there would be an additional 100 million shares that people would be dying to sell. I guess when you don't understand who owns the majority of those 100 million shares it's easy to come to the conclusion that they would be in said hurry. So much for scare tactics.
As to your post...please define "Insiders" as you see it. Maybe I can help answer your questions.
I think that is what I was trying to say but maybe I didn't articulate it properly. I meant that if you had 1000 shares to begin with and the company gave you 100 restricted dividend shares you could have sold 100 unrestricted shares anytime over the last 6 months and when the restriction is lifted you would have the same amount of shares you started with.
My point was however that just because the restriction is lifted today does not mean that there will be a flood of selling of those shares as has been bandied about...and alas there was no massive sell off.
The fact of the matter is that there just aren't that many people in all of the world that even know about Medinah. There is a rough guess that there are around 6000 investors give or take. These people have all been around for sometime and have, for the most part bought all the shares they want prior to the big announcement. I know of a number of investors sitting on the sidelines right now waiting for just that moment. They are willing to pay up for the sure thing. Like all jr. miners this is a risk/reward play and not for the faint of heart. If they want the sure thing they should buy Apple.
Sure, anyone with hard copy certs in their possession. But I can guarantee that none of those folks are selling a single share as they are the ones that have been around the longest and know where we stand at of this very moment.
The point I was trying to make was that a certain poster has been predicting a MASSIVE sell off today and that just isn't happening. My guess is that even if all of those shares were free trading as of today there volume would be exactly where it is now. If you have restricted shares you could have sold against them anytime over the last 6 months then when the restriction is lifted you would have the same amount of shares you started with.
Just keeping it honest around here.
But AU...you are the one that has been preaching over the last month that when the dividend restriction is lifted (Today) that there will be 100 million shares hitting the market. For some reason I just don't see the massive selling that you predicted. How can you explain this?
I have been in contact with Les and he continues to tell me that the uplisting is progressing but couldn't give me a definitive date. It sounds like a work in progress. I'm not sure that there is any information on the OTC site.
Either way, bring on the shock and awe campaign.
Thanks Aba...that is what I see as well. I was being facetious with my last post.
WOW, what a massive sell off in progress. All those 100 million free trading restricted dividend shares hitting investors accounts sure is having a negative effect. How many shares have traded hands today?
No argument from me Funky. You know as well as I do that there are credibility issues with this company but I think the worm has turned and tomorrow could be VERY interesting. I'm playing with house money so it's a little easier for me to speculate. None the less the mountain is still there and it's still loaded with precious metals which are in high demand. I'm glad to see you're still around and hopefully you make out like a bandit on this play.
It's not so amazing Jim when you know who the major shareholders are. We have been here for a looooooong time and none of us are selling anytime soon. That is why when the announcement is finally made and there is massive buying pressure with no selling from the longs the share price will fly. There is a MASSIVE naked short position that was verified at the last AGM in February. This can not be disputed, although some may try. The mountain is chalk full of copper, moly, gold, silver and iron. If you have been following the mining sector as a whole you will know that the majors are in need of economically viable deposits and they are looking in countries that are friendly not only from a geopolitical standpoint but from a mining standpoint as well. Chile is both. Couple that with the access to infrastructure and you have the perfect storm. Never mind the short squeeze, that is the icing on the cake. The property and the precious metals will carry this little jr. miner that has had all kinds of obstacles thrown at them to the stratosphere. Jump on board for the big win. It's going to be fun.
Good response Super...pray tell, what do you base this enlightening bit of speculation on? I await your response with bated breathe.
Hi Funky. I hope that after all you have been through with this stock that you will at least hold a portion of your stock until the drill results come out. If you have read any of the previously available geological reports you should know that there is a bunch of valuable material in that mountain and the prices of those materials are going up exponentially as the fiat currencies get printed. Mark this post, there will be a buyout offer within 365 days of the first drill results and that alone is worth holding some in reserve. Those that sell out of their position under $0.50 will live to regret it. Of course that is only my opinion which I am not afraid to state as such.
Great summation Rick. I would also like to add that these results on 1 claim of the LDM are costing Medinah zero dollars as CMLDM is taking care of all the costs. We just get to sit back and collect the checks. Pretty sweet eh.
Thank you for that explanation Karl. I would like to add that these results are coming out of 1 claim on the LDM which consist of 10 claims. We aren't even looking at the ADL with this information. the entire claim group (ADL/LDM) is 10,000 hectares. This one claim that we are digging in to right now isn't even 1 hectare. Pretty sweet results for such a small area wouldn't you say.
It's almost October and there is no money
There are 9 trading days left in September, maybe we should hold out on the prognostications until October.
no deal
The deal has already been confirmed my Amarant, you can read about it here if you would like to confirm for yourself.
http://www.amarantmining.com/news.html" rel="nofollow" target="_blank" >http://www.amarantmining.com/news.html
no gold being shipped off to Enami,
Unless you are in Chile at the base of the LDM writing this post you have no idea if the ore shipments are moving down to Enami or not so that is pure speculation on your part.
no court forcing Bogden to buy 100 million shares of medinah
I can't seem to find the latest report out of Chile where the judge has made his/her decision. Can you please post a link to that decision.
no announcement of a major publicly traded mining company,
No member of management EVER said anything about there being a Major miner involved in this deal. All they stated was there there was a publicly traded company involved. I was at the AGM and heard it with my own two ears. Were you there? If not you can listen/watch the video of the AGM and verify what i just said.
I refuse to let newbies get suckered into losing blood money on this pump n dump deluxe. I am dedicating my life to warning others.
Please define blood money. I personally know over 30 investors and not one of them has given one drop of blood to invest in this stock. As for the pump and dump claim please provide one example of this stock EVER being pumped by management. I'm sure the investors of the WORLD would love that information so that they can make an informed decision about weather they want to invest in the soon to be best investment of their lives.
At this price Medinah Minerals is dirt cheap. I am dedicating my life to my wife and dog but do what you need to do.
I'm not sure what charts you use but I don't see the stock price below a dime. Can you please provide your chart that supports your claim of a price under a dime.