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For those who may remember and those who don't I spoke with an individual last year when I was in Chile who was filing law suits against Juan Jose. He had attempted to take control of several of the Medinah claims and had failed in his attempt. At the time I spoke with him he held no Medinah shares.
I was also shown by Juan a lawsuit filed by Juan alledging fraud on this persons part that had actually been filed on the morning I arrived in Santiago.
Greg Chapin has said that everyone is aware of this individual and that all steps have been taken to protect the property and that there is no danger to stopping or halting a JV deal based on any of these allegations.
This guy owns all the property surrounding the Alto and has tried for years to take control and it won't happen.
Once again people....this board is about Medinah Minerals. It is not for personal attacks, off topic remarks or any other material that isn't about the subject....Medinah. I don't like some of the people who post here either, but as long as they are talking about Medinah without attacking persons or out right lying they are free to be here.
You bring that chit to the AGM if we ever have one, and all bets are off......I only shared what I knew and it was what everyone else knew. Turns out we were all dumbasses...LOLOLOLOL
Mike the excuse now is that the attorneys have it....there are more offers coming in on Friday....if they don't get contracts soon they are going with the first deal......yada yada yada.......which one do you believe? Right now I honestly don't have any idea....
I will look forward to it tvk.....let's hope we have one soon.
To be absolutely honest Hole I am more confused than ever about where we are.......I do know that the BOD of both companies are relaxed and calm. What does that say? They know more than we do....or nobody knows anything including the BOD's. If any of you figure this out let me know.
For everyone who is still listening and writing.....this is a Medinah Minerals board not a momo, friend or foe, or I got a law suit board. Stay on topic or don't post.
I just oposted this on MP.....
I hate to burst anyones' bubble here but I never said the deal was signed on Friday and the announcement was coming on Monday or Tuesday. Those words never crossed my lips and I dare anyone out there to step forward and say I said that...... I didn't.
What I said was that Greg Chapin told soandso, who told soandso, who told soandso, who told me. And just to be clear I had a long conversation with the guy who told me just to make it perfectly clear that he specifically told me "the deal was signed this morning." I then followed that up with another share holder who was speaking with another member of the BOD who was waiting on email confirmation that the deal was signed on Friday. One member of the Cerro higher up said the deal was signed on Friday and he was expecting the announcement on Friday. That's three aces....I just can't dig or look or find anything better than that. All of those sources said the announcement was coming on Monday/Tuesday or changed their idea to Monday/Tuesday. I simply reported to those with whom I speak what I was told. I had others in my loop agree with my input and go out trying to seek their own confirmation.
I won't get into the right or wrong of whether people should be investing or not selling to pay bills based on internet chat rooms....I agree with that . But I find the inability of management at Medinah to take just 5 minutes to update us which they implied that they would do and they haven't done to be shameful at the bare minimum and totally lacking in integrity at the maximum
Yes Sir that was very funny....I even laughed at myself.
Sorry TQW I looked out my window when I read your post and was looking for literally 2 goats, maybe like humping in my front yard. But then I realized it was only Handshake saying hello to my Dachsund....ROFLMFAO
Hand, do you actually think with my wife looking like she does I need Cialis? LOLOLOLOL Now that's some funny chit...
Hoops I started laughing out loud when I read your post....nobody and I mean nobody has any credibility with this stock. You either believe or not....I got 3 aces that tell me to believe.
I am not exactly sure why no one is talking but I thought I might let everyone know that they should hang on for the Medinah rocket ride Monday /Tuesday for the coming week. It will only be the lift off phase and the booster rockets will propel the craft for the remainder of the trip....which could be a very long trip.
Oh and if you aren't on board you had better get your ticket at the open and don't miss out.
SSSHHH.....can you hear it? It's the sound of Medinah going places nobody ever thought we would go. I talked a guy out of selling today. And he needed to.
Everybody needs to back away from their computer. This is going to light up when Juan flicks the switch and everyone I have spoken to today says it close....very close....Juan is reaching and getting closer every day.
Huard I think you are exactly correct.....5 June AGM. They can even go into next week the 3rd of May. I don't think it goes that far though....GLTA and pay attention this week.
Thanks you Alan. I read it, know it's absolutely correct and really didn't understand any of it!!!!!LOL
Jack, I know that you have personal reasons not to like Medinah or the people involved so you continue with this mindless drivel that you put up everyday because for the last number of years you have been correct. But so has everybody else who has said something ugly about Medinah.
The problem is that you continue to ignore the information available to everyone including you because....well you're just being ignorant. Notice I said being ignorant, not ignorant. You just choose not to either believe or choose not to look for the truth. I feel sorry for someone who won't look at the facts and make himself wealthy because he thinks he's smarter than everybody else.
Tradin, someone posted on this thread about a month ago some statements that I think are not only correct but really point to what is really going on.
These shorting programs are all computer generated and run by some young kid in tennis shoes who doesn't know or even give a crap about who, what, when, where or why. They will know they are in trouble when the news hits and this thing is trading so many shares the computer won't be able to track it.
As for letting some CEO know.....he pays somebody else a lot of money to watch this stuff. ANd contrary to what jackrix says you aren't going to get his telephone number anyway. I have been dealing quite a bit with the people at Etrade in the last month or so and they are looking at the stock and have no idea first that they are one of the major MM's that are going to hammered (they shorted Medinah for many years on behalf of a hedge fund) and second that this thing is going to rocket when this news does come out.
Yes you did....never said I was selling.
Has anybody else noticed this new MM Merq on the ask? Where did they come from?
I'm fascinated Indy...when did I say I was going to dump on the 1st of what? I missed that day.
Getinin, I know that email is false. Les doesn't write like that. So whoever sent that to you or if you made it up on your own somebody is lying.
Darth, I can't do the private message thing but I am glad we are both hearing the same. I like your source but I have wondered on occasion just how much he knows. Spoke to some others this morning and I am looking for some big things next week. I still don't think we get the update.
I will say this....I will in all good conscience give them all the way to the end of April. After that it's game over.
Very suprised no one is touching CDCH.......
Also got this from Les today....not much interest on his part or Managements part to protect the share price as you can see....
nothing has been "screwed up" as you put it and things are proceeding down the path as they should. I am sure the directors will properly report progress as it occurs.
you do know from our previous conversations that shareholders are free to buy and sell as they wish, with no promotion or influences from the company other than reporting on the website for all to read. medinah is a totally free and open market and always has been.
----- Original Message -----
To: 'torad'
Sent: Thursday, April 15, 2010 7:42 AM
Subject: Deal or no Deal?
So Les without being to presumptuous did we screw this deal up again or is it going to get done? How they can allow this stock price to languish all over the place and hang the shareholders out is really incredible….
Some thoughts from conversations today....no update ( Juan nixed the idea because he says we are to close to a deal), still trying to have a 15 May AGM, Juan has told the others to get their offers and money in by no latr than Monday morning or he goes with who is already at the table.
I was told last weekend by someone I respect and believe that all they are trying to do is find out who's going to be the lead dog. Everybody bringing offers is probably going to be in on the deal in some capacity.
Have heard that with the exception of a few minor changes the offer that is on the table is what Juan said 2 years ago at the AGM.....150 million Euros, 15% retained interest, partner to pay for all mining cost.
One person who speaks with Greg regularly is said to have been quoted as "I think all hell is going to break loose next week".
It says:
I believe that the next week is this week.
That is absolute BS on your part Super. There is no way that additional money in Medinahs' pocket can possibly dilute the share price.....I know you're pissed at the world and Medinah in particular, but engage your brain before you say anything or don't say anything at all. Stupidity isn't welcome here.
People,
It has become painfully obvious to me that there are many on this board who have no understanding at all about how the naked short postiion has come to be and how it will be combatted, either by Medinah as a company or the market as a shole.
If you don't understand how it works take a day and educate yourself. If you do understand then you should be very excited about how this is going to react favorably to the announcement of a deal and any and all susequent actions taken by Medinah.
And while I understand everybody wants to think their opinion matters.....and it does. Just remember that everytime you say something like in my opinion they will never have to cover, or in my opinion they will just continue to short into the JV the only thing you are doing is shitting all over your own investment and folks that's just plain STUPID!!!!! And it really, really pisses me off!!!!!
My suggestion is focus on the positive we have had enough negative to last us all a lifetime. Don't post something that is your opinion that is not going to help the price or someone else who may wish to invest in this stock. Be smart. We have all spent too much time being stupid around here.
Go back and read his previous post.....
Well hrdl I sure hope you are more than a flash in the pan......
This is an excerpt from Jim DeCostas' last book on naked shorting. I hope you enjoy it.....
DOING WELL ($) WHILE DOING SOME GOOD”
Dr. Jim DeCosta
BACKGROUND
After spending 29 years researching abusive short selling attacks I’ve noticed that the two most commonly attacked corporate sectors involve the junior mineral exploration sector and the development stage biotechnology sector. As far as the commodities being abusive naked short sold the most the gold and the silver markets take the award in this category. The recent CFTC hearings on commodity price suppression and the testimony of whistleblower Andrew Maguire not only confirmed prior research in this area but also revealed the main players and the clever modus operandi with incredible detail.
There are literally hundreds of junior mineral exploration companies that have lost up to 95% of their share price and market capitalization as a result of abusive naked short selling (ANSS) attacks. These corporations are correctly looked upon as an “easy prey” by abusive short sellers mainly because of the distant odds against a junior explorer ever making an economic mineral discovery. Since the mineral assets are hidden under the ground and out of sight certain fraudsters are naturally attracted to this sector i.e. “there’s gold in them thar (barren) hills”. This results in certain abusive short selling “vigilante” types thriving in this sector. The most common quoted odds for a junior explorer to make an economically mineable discovery are about 1-in-1,000. It was Mark Twain that said that a mine is “a hole in the ground surrounded by liars”. Unparalleled investment opportunities present themselves when these 1-in-1,000 were misdiagnosed by abusive short sellers as “scams”.
OPPORTUNITY
If you are that 1-in-1,000 junior mineral explorer that hit the jackpot this doesn’t necessarily guarantee that the naked short sellers are going to voluntarily come out of the woodwork and cover their naked short positions. With a little bit of educating the management teams of these fortunate junior explorers can be trained to realize just what potential they are sitting on when the synergies between the mineral discovery and the yet to be covered naked short position are captured and harvested. In the absence of any naked short selling issues there is a reason why mining investors are willing to invest billions of dollars while taking on these incredibly distant odds for success. It has to do with the payouts for the shareholders of that 1-in-1,000 junior explorer that do make these economic discoveries because along with that ultra-high risk comes a commensurate ultra-high reward.
The premise for the investment opportunities being cited here is that this already ultra-high reward earned by these fortunate junior explorers can be augmented even more since they nearly all carry astronomically high naked short positions that have accrued prior to making the economic discovery. Due to the pandemic nature of abusive short selling in this junior mineral exploration sector there is no hurry to buy shares in these explorers UNTIL they prove themselves to be the 1-in-1,000. Due to the abusive short sellers the share price certainly isn’t going anywhere prior to any discovery. The confirmation of the discovery takes the ultra-high risk off of the table for patient investors. In an industry as technical and as specialized as the mining industry is it is critical to “follow the smart money”. Let the mining majors do the due diligence for you and don’t make your move on buying the shares of a junior until they stamp their imprimatur on the discovery. This is typically done when a major mining firm enters into a joint venture relationship with the junior explorer. Then and only then do you make your move on investing in the junior explorer and only those juniors with management teams willing to work with those with expertise in the abusive short selling arena.
To take this investment concept one step further consider the potential for buying shares in a “holding company” that has large share positions in perhaps a half dozen of these proven winners whose share prices have not taken off yet. Shares of this holding company could be marketed to large hedge funds as “one stop shopping” to gain exposure to perhaps a half dozen short squeezes since all of the management teams will be equally trained and going through the same program to “harvest” these synergies. It could be easily argued as to which is the more valuable asset the economic mineral discovery or the naked short position.
CONTRIBUTING FACTORS
The recent revelation of the extent of the suppression of the prices of gold and silver via the CFTC meeting in late March of 2010 has confirmed what many have known and written about for decades. Whether it be the alleged assassination attempt of the “whistleblower” Andrew Maguire that brought the modus operandi to the world’s attention or the recent discovery of massive numbers of gold bars in the vaults of central banks actually being tungsten bars with a gold plating the world’s largest gold investors are rapidly demanding the delivery of the gold and silver bullion that they thought they had purchased. This will undoubtedly result in a large spike in the price of gold and silver and a subsequent tailwind for the junior explorers that have made significant recent discoveries involving these metals. Why? Because the demand for these successful junior explorers via tender offers is bound to go ballistic due to the dearth of recent discoveries as well as the need for majors to add reserves to their currently anemic looking balance sheets.
There’s a reason why even billion dollar behemoth hedge funds and investment banks on Wall Street can easily strip away 95% of a junior explorer’s share price and market capitalization but not successfully bankrupt the company. That’s because many astute mining investors are aware of the rarity of these discoveries and the bargain basement prices available for investments in these corporations that have not only been able to survive these brutal attacks but make a significant discovery while under attack.
It’s important to appreciate that part of the distant 1-in-1,000 odds is due to the environment these juniors need to develop in while fighting off the attacks of these Wall Street behemoths. On a level playing field perhaps 1-in-50 junior explorers might make an economic discovery. Unless the management teams of these corporations understand how abusive naked short selling works and what measures to take to predictably reverse these damages the battle can result in a stalemate wherein opportunistic investors come to own many more “shares” of these corporations than there are “outstanding” but the share price still won’t budge.
With these recent revelations having been made we have already seen a significant uproar from the mining investment community that thought they had been buying gold and silver bullion. Since the hearings in which these revelations were made were public hearings at the CFTC we feel that the CFTC will be compelled to act quickly due to the obvious systemic risk implications involving foreign currencies and the role of gold in serving as a benchmark against which any fiat currency can be measured. Since one cannot very often rely on regulators to do the right thing what is more important is being able to rely on financially-incentivized bullion investors to demand delivery of that which they thought they purchased. Although the fraudsters will no doubt stall the delivery process once delivery failures start to become obvious everybody and their brother will be aggressively demanding delivery and filing lawsuits if they can’t get delivery. Think about it; what happens to the party demanding delivery of his bullion purchases right after the vault was emptied? Are the taxpayers going to be asked to bail out these corrupt bullion banks? The future of all commodity and foreign exchange markets rests on these bullion investor receiving delivery of that which they paid for.
It’s critical to realize that those that are short perhaps literally billions of ounces of these metals cannot just start buying them back in the open market. The mere cessation of their day to day naked short selling will cause the prices of these metals to soar. Trying to cover astronomically large naked short positions in a market that is already gapping upwards could be cost prohibitive. There is one way for these crooks to hedge these “open short positions” and that is to buy up mining companies that have made significant recent discoveries involving these metals before they become too expensive. Since there haven’t been many recent potentially “world class” discoveries those few “lucky” ones are going to attract the attention of not only mining majors but those that sold investors nonexistent bullion.
If the parties that are short these metals are also the ones short these junior explorers then they can kill two birds with one stone by taking out these junior explorers lock, stock and barrel. Assassination attempts and the counterfeiting of gold bars via gold-plating tungsten bars shows us to what extent these fraudsters must go because of the fact that they can’t simply go to the open market to cover these naked short positions in these precious metals without driving the price of gold and silver through the roof.
China is in a similar position because they own so many U.S. Dollars in their reserves. They want to diversify into gold but if they get caught selling U.S. Dollars and buying bullion the USD will tank and their reserves will be worth that much less. They too need to buy gold producing companies WITH their U.S. Dollars in order to diversify. The other fact that needs to be appreciated is now that the world knows the exact modus operandi of how the corrupt bullion banks have been manipulating the gold and silver markets their actions are now under a microscope and further misbehavior would likely result in criminal repercussions.
Oh and Kevin you are absolutely WRONG in your assessment of what is going to happen with the NSS.
I just had a very long and very fruitful conversation with the Doc about the NSS as it pertains to Medinah.
It is painfully obvious to me that if anyone thinks that anybody is gettting off the hook from their short selling ways you are totally wrong. Nobody is walking away and everybody is going to cover. One way or the other.
While Cerro has a large short position it is obvious to me that the absolute unparalled NSS in Medinah could as the Doc said have a nuclear moment when everything we have been living with for the last 12 aligns itself with the stars and all hell breaks loose.
It is going to be incredible....and only to our benefit.
I borrowed this from Kirk over on the MP board since I don't post over there anymore....
While we like to blame the MM's for the price it is also those that are buying that are a problem. Until we have some new blood coming in we are keeping the price down by continually under cutting the ask to buy as many cheap shares as possible. How many have got bids in right now under the ask? In most cases the ones complaining about the PPS are the very ones who have orders in for a lower price. The price can not go up unless someone is willing to pay more. When those willing to pay at the ask dry up the MM's will come down to the bid. If you want it to go up, you also have to be willing to pay more. Kirk
While I tend to agree somewhat with this statement I actually think that until the MM's quit naked shorting the stock it only makes since to try and buy below the ask and until they do quit shorting the price won't run anyway......any thoughts????
Grumpy....me grumpy?????? Never...LOL
I saw an email from Greg that said we are very close to a deal but that the check was not yet in the bank. So...I am still of a mind that we close next week. They want 30 days notice for the AGM and my understanding is that they still have that penciled in for the 15th of May.
Will be interesting to see what the update says....I personally have no problem with an update and then the announcement even the next day. I think the update just firms up the buying and the price and the announcement just rocks it. But what the hell do I know I been in Medinah for over 4 years.
Well since there are 25000 acres on the Alto, Juan has 12500 acres of that total(your number), Cerro has I think it's 2300 acres, that was the number given to shareholders by someone at Cerro just last fall (Roundmot help me out here) and Medinah owns the 10200 left. Now does that sound like a 28%-22% split. I don't know who you got the numbers from but I have seen most of the numbers for the last 4 years and they haven't changed much since then.
And Juan is not going to get 50%, unless there has been a huge change in the way this has been broken up.
Momentum, you are totally incorrect. The numbers as far as stock are correct, but you have the land and deal totals completely wrong.
I am not here to bash Cerro, I own Cerro and also believe they will do very well but the actual percentage of the deal are:
Juan 33%; Cerro 20-27% and Medinah 40-47%. This all depends on the final cut which has as far as I know not been determined.
While Cerro has a smaller float, Medinah with it's larger share, the LDM, the Madre and Pumillahue claims should be in the long term a much better deal. And all of that and $2 will get you a cup of coffee.
The idea that you questioned my source is a bold faced lie...and you know it, because you don't know who my source is. You are done here so move on.....
Okay hrdl it's time for you to put up or shut up.....nobody knows who you are or where you're from, but blanket statements from someone like you who claims to have a source who isn't wrong is well pure bull shit.
If you can substantiate, I can, then you need to tellus who, what, when, where and why. Otherwise I am going to build a big brick wall around you and you won't get out.