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Blame the shareholders for not closing deals
Blame it on the Chile earthquake
Blame the shareholders for requesting JJ to be AT the AGM meeting
Now is Sandy the storm
Tomorrow will be Amarant’s fault. Mark my word on this one
IPO at end of Quarter 1? Sources say 2015
Juan Jose Quijano will enter into a JV agreement (THIS WAS BACK IN 1997) THIS IS 2012. WHAT ELSE IS NEW?
[url]You can no make this STUFF UP
[/url][tag]insert-text-here[/tag][color=red][/color]
And you think that a man of his background spends countless hours on the other board for FREE? REALLY???????
Rick
Good and well summarized compilation of the facts so far.
When are the 18 Millions hit Medinah Account? so far its all paper. Amarant can back out at any time from IPOing ALLUVIA. Not trying to be negative but Alluvia is not legalized yet. The hard core payment will decide if indeed we have a DEAL. THEY KEEP TALKING ABOUT MONEY IN PLACE, COMMITTED, AND 90 MILLION SHARES used as collaeral. WHERE is the money? Are they allowed to drill without money? it does not make sense. Unless PR and Money will hit real real real soon
CS
It is clearly stated that they got funded. with What? the 90 million dollars in paper? can someone clarify? Who is going to pay for the drilling in October as they indicated as the private shares have no value as of today. I am confused.
Anyone?
CS
[color=red][color=red][/color][/color]Now we know exactly what tbe bonds were for Not for Medinah. The 450 million shares equates exactly to the bond issuance.
Rick
What you are pointing out are two separate issues. All the false starts, the intentional leaks for a profit from the ones in the know. and the promises of a JV made by Juan Jose Quijano Fernanadez since 1997 and still nothing is exactly what I am talking about.
You need to re-check why companies are in business for.PROFITS. Obviously, Medinah has gotten its profits from US FOR YEARS.
I do not expect to have a perpetual stream of income from Medinah. I as 99% of shareholders just expect them to deliver what they have NEVER delivered. What money we shareholdrs made based on rumors or leaks, or false promieses is irrelevant. What is relevant is that the company has not delivered PERIOD, everthing else is and has been a detour from the real issue of non performance.
I am sure you can understand and appreciate THIS FACTUAL AND OBJECTIVE view which IS based on history FACTS.
The new developments (Amarant, LDM) might give us what we are expecting but with the history that the BOD of Medinah and JJ have, it is quite difficult not to anticipate how history may repeat.
CS.
Yes, I have profited from this since I bought at 0.023 cents a few years back but also bought at the highest level of Cerro and Medinah during the Partner A fiasco. I cannot think of any company that would be in business for that long without having a concrete plan of development where performance is measured. In today’s market, companies cannot afford to be this relaxed. All industries are profit driven and as a shareholder, I expect performance. The increase you are referring to where some of us profited are the result of rumors and rumors of rumors leaked by some of the officers of the company NOT by a solid deal that we as today are still waiting. Fifteen years is NOT what I call success. Am I upset hell Yes. I have seen how other mining companies have gone from 0.04 cents to 6.56 cents or more due to signed and EXECUTED deals.
One thing I agree. This company has never delivered in terms of increasing shareholder VALUE. That is the mission of well run organizations. Hard not to see the 800,pound gorilla in the room EQUALS "non performance". Many sign agreements which have meant absolutely nothing when deals, semi deals, and non existent deals keep shareholders giving out their hard earned money.and no share value[img][/img]? Time for these men to perform (JJ and the rest of them).
I just confirmed that the RESTRICTED SHARES WILL NOT BE TAKEN OUT OF THEIR CURRENT STATUS DUE TO NON-COMPLIANCE WITH THE FCC (EDGAR)
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE WHERE IS THE MONEY?
WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE WHERE IS THE DRILLING PROMISED?
Please clarify difference between
1. Money is committed
2. Money is in place
[color=red]WHY CAN'T THEY USE PLAIN ENGLISH?[/color]
COMMITTED = YES, WE WILL GIVE YOU THE MONEY
IN PLACE = WHERE? IN WHO'S HANDS?
[color=red]CONCLUSION: FUNDS HAVE NOT BEEN RELEASED TO MEDINAH TO DATE. WHY CAN'T THEY JUST SAY THAT?[/color]CS.
I am just waiting for the other shoe to drop as it has happened too many times in the past and hope I am dead wrong. Now they are talking about BODY LANGUAGE. As a shareholder pointed out on the other board, they had body language too back in VEGAS in February of this year. There is no bottom to the naiveness of some shareholders or the saviness of the promoters, or the lack of transparency from the BOD and JJ.
Now we sit and wait as we have always done. Its really coming down to the last string of credibility for the BOD and ultimately JJ's. One figures that if the money did not ARRIVE IN ONE YEAR FROM PARTNER "A", PROVISIONS for this NEW DEAL not to happen again WERE TAKEN. The clock of credibility is ticking.
CS
According to a shareholder, something is coming out today. Another cr$#p sandwich for us shareholders to eat.
CS
You CAN'T be serious.
Umm...$180 million ($90 million to MDMN) minimum in our bank account. Rick it is all about DELIVERING. WHERE IS IT? 15% free carried interest for the life of the mine. AGAIN WHERE IS IT? ITS ABOUT DELIVERING. GIVE ME THE FACTS NOT A DREAM. We can sit and DREAM ABOUT THIS TO HAPPEN MY QUESTION TO YOU IS WHERE IS IT? THIS IS SEPTEMBER ALREADY. AGM WAS DONE DONE DONE 7 MONTHS AGO WHERE IS IT?Amarant pays for all drilling and exploration.
No CAPEX on Medinah's part.
So let me ask you again How in the world it is going to benefit us if NOTHING HAS HAPPENED ITS ALL IN WORTHLESS PAPER. I AM LOOKING FOR EXECUTIONThat is "how in the world" I KNOW it is going to benefit us.
Amarant entered the deal for the precious metals, not the stock/company.
--------------------------------------------------------------------------------
You CAN'T be serious.
Umm...$180 million ($90 million to MDMN) minimum in our bank account. Rick it is all about DELIVERING. WHERE IS IT? 15% free carried interest for the life of the mine. AGAIN WHERE IS IT? ITS ABOUT DELIVERING. GIVE ME THE FACTS NOT A DREAM. We can sit and DREAM ABOUT THIS TO HAPPEN MY QUESTION TO YOU IS WHERE IS IT? THIS IS SEPTEMBER ALREADY. AGM WAS DONE DONE DONE 7 MONTHS AGO WHERE IS IT?Amarant pays for all drilling and exploration.
No CAPEX on Medinah's part.
So let me ask you again How in the world it is going to benefit us if NOTHING HAS HAPPENED ITS ALL IN WORTHLESS PAPER. I AM LOOKING FOR EXECUTIONThat is "how in the world" I KNOW it is going to benefit us.
Amarant entered the deal for the precious metals, not the stock/company.
DO NOT ERASE CONCERNED SHAREHOLDER (ONE OF THE LONGS)
I cannot help to question this deal. As an Engineer with over 27 years of experience the factors, the variables, the history, the lack of delivery are prompting me to ask the following questions.
1 why to enter into a contract with a company (Amarant) that has at the very best an unacceptable deal closing record?
2. Why to engage with a private company? What is the benefit to Shareholders? If the answer is because of the MAJORS that are involved in this deal, Are ALLUVIA, CONVENTU, etc. these MAJORS?
3. Why is Amarant creating all these companies?
4. Is it NOT easier to cash on 3 billion Medinah shares ($360,000,000 @0.12 per share) BY DOING NOTHING rather than TO wait for 180 million dollars in seven years?
Gold Crown is a private company. Global Gold Valdivia is a private Chilean company. XS Platinum is a private company. Mineral Invest's parent company trades on the Swedish stock market. Based on the makeup of Amarant's portfolio of assets and subsidiary companies, it doesn't matter whether Medinah is public, private, trades on a US exchange or other country's exchange, whether it is non-reporting or fully reporting, etc. To hypothesize that Amarant is holding up this deal until Medinah's OTC status gets upgraded from a Stop sign to a Yield sign has no basis in logic or common sense. They want the property, not the stock/company.
Good Points Karl43 but until the company actually achieves and truly DELIVERS AND closes this deal, their underperformance is quite VISIBLE
We are exactly in the same situation as last year.
Funds not arriving
Lack of transparency after “Its DONE DONE statement
It will be one year since DONE DONE DONE shortly and NO DEAL
If JJ did not have to come to the AGM, the Deal would be done “What a Fallacy”
It is the fault of Shareholders for not getting a deal “Biggest insult of all for All shareholders
Private Company with Questionable paying record. Just like Partner A?
Where is Partner “A”. We will disclose the name in the Law Suit. Really???????
It will only be two weeks after JJ returns from the AGM (AGM comment)
“No, It will not take six months” (Question at the AGM) You figure that after 16 years they learn something.
Disgruntled Shareholder tire of being lied to
Who does not want Medinah to Succeed. Everyone with a few shares on this play wants Medinah to succeed, but I do not think these guys are scam artists, they are just imcopetent, old school, not in tune with what they can do to close a deal. Entering into a contract with with a company with Questionable history and payment records does not surprise me. but what REALLY BOTHERS ME is the 3 BILLIONS SHARES which at the current volume, it will take 6 months to PROFIT approximately 400 MILLION DOLLARS AND THAT BOTHERS ME, and it should bother every single MDMN shareholder. The question is WHO WILL ACT? As I stated to before, lets wait until the end of september and see.
CS
CONCERNED SHAREHOLDER (ONE OF THE LONGS)
I cannot help to question this deal. As an Engineer with over 27 years of experience the factors, the variables, the history, the lack of delivery are prompting me to ask the following questions.
1 why to enter into a contract with a company (Amarant) that has at the very best an unacceptable deal closing record?
2. Why to engage with a private company? What is the benefit to Shareholders? If the answer is because of the MAJORS that are involved in this deal, Are ALLUVIA, CONVENTU, etc. these MAJORS?
3. Why is Amarant creating all these companies?
4. Is it NOT easier to cash on 3 billion Medinah shares ($360,000,000 @0.12 per share) BY DOING NOTHING rather than TO wait for 180 million dollars in seven years?
For those of you who have not seen posts on the other forum.
here is a summary
1. where the 5.4 million dollars are? do they belong to Medinah USA where is the money?
2 why to enter into a contract with a company (Amarant) that has at the very best a unacceptable deal closing record. It never delivers
3. Why to engage with a private company? It will not benefit the shareholders
4. Amarant is known to create worthless paper transactions and no money. DO YOU GUYS KNOW WHAT HAPPENED TO AMTO?
5. what is the previous involvement of JJ and Amarant
6. Is it NOT easier to cash on 3 billion Medinah shares BY DOING NOTHING rather than TO wait for 180 million dollars in three years?
It is quite difficult to ignore the history of this company. We concentrate on all the peripheral issues but what really counts is when are these guys are going to increase shareholder value? Everything else is non sense. Many are putting out dates such as this week or next week and it is always next week. Although we appear to be almost in the clear with a very good image of the end line (Money in the bank) I am getting doubtful that the SP will increase. With all these good news we are still at 13 cents. Can anyone explain why the SP has not increased, why the names of the other MAJORS has not been released, and why the BOD decided to go with a private company, why Amarant should be interested in shareholder value being a private company? and how should we benefit from a private transaction?
CS
Tycheparnie:
You are partially correct until the names of the 4 partners are revealed. We do not know what is in store for us and what the impact is going to be
CS
I am happy with the events that have occurred and are going to be executed. The questions I have are
1. How the 58 Million dollars in shares from Alluvia is going to benefit the shareholders and or increase shareholders value of Medinah Minerals?
2. Amarant being a private company does not have any legal obligations other what is stipulated on the contract with Medinah. 180 million dollars and a drilling program, They do not trade on the US market and it appears they will not trade in the US any time soon . My question again is How is that going to benefit us the shareholders? My understanding is that the partners are majors but again how is that going to benefit us when the deal is with Amarant a private Company.
3. Anyone’s take on these questions?
I really do not understand the purpose and or intend of you constantly defending the lack of transparency of this company. The facts speak for themselves. Fifteen years of non-performance by this management is a REAL COLD HARD FACT. What other data is needed for the shareholders to understand? Let me repeat that again 15 years of non-performance. The BS runs wild and free and at the end of this week there will be NO. Are you listening? NO announcement and NO information coming from the BOD, JJ WITH THE EXCEPTION OF ANOTHER LOUSY statement that the company is going forward with the finalization of the JV. I am not going to even mention the Promoter as he has really pull several fast ones on honest hard working people FOR QUITE A FEW YEARS. Enough is enough and action is needed. I am sitting on the sidelines and see how this new misleading information unfolds we are approaching the 6-month mark after they told us IT IS DONE DONE DONE DONE. You will be amazed what a pen and a piece of paper can do when it is sent to the right people. Especially when connecting the documented failure MDMN official statements to the stock DUMPING from the insiders and whomever has internally profited illegally from this stock. We are sick of this BS
No that is from last week. AMAZING ISN'T IT?
Superdow. YOU GOT THAT RIGHT. The only person in control is JJ and he wants billions of dollars for something that he got in for approx 60 thousand dollars. I have told the shareholders over and over again you want a deal this is what all shareholders need to do
1. Stop pouring your money into this STOCK.
2. Remove JJ in gthe next shareholder meetinG. I HAVE BEEN SAYING THIS FOR A LONG LONG TIME BUT NOOOOOO THE SHEEPS GO INTO THE SAME MODE FOR 15 YEARS GO FIGURE, he might mean well but we know he has not been ableo to close a deal.
3. Remove LP also with JJ gone
4. Hire a wall street company (THEYT DO EXIST)
5 GET THE DEAL DONE.
How are things going?
LP: Swimmingly well! All points have been agreed upon by all parties.
What is left?
LP: Not much more.
When will we know when the funds will be release?
LP: I will know that by the end of day today.
You can have the best deposit in the world, have the best voice in the world, and have the best invention ever, BUT IF YOU CANNOT WILL NOT, OR DO NOT WANT TO MARKET IT, IN THIS CASE CLOSE A DEAL, IT MEANS ABSOLUTELY NOTHING.
I DID PLEASE FOLLOW THE BREAD CRUMS
You got to be kidding me right? How long have you been in this stock? what makes you think that 15 years of non performance would change now because the found the Mother of God vein? Pleaaaaaaaaaaaseeee..if we want to change what is going on STRIP JJ and friends from having control of everything PERIOD
Ask the Folks of Medinah Minerals. They think today you guys GG will change their lives
All of this is a guessing game for those who want to guess at Les speak. NO ONE KNOWS WHAT IS GOING ON ...NO ONE. Only JJ has the power to decide. If you recall in my post number 65545, I told everyone to remove JJ from deciding ON BEHALF of all shareholders A big mistake to let him have ONCE AGAIN all the power to decide. here we are 15 years later and nothing and the only benficiaries with A....* is going to be JJ and family NO ONE ELSE. Some one please suggest to hire a wall street professional entity to close this deal. Same BS different year.
Like I said. these guys think they are going to live forever.......according to Regis "whatever time it takes" ...may be the boyz are drinking from the fountain of youth but as far as I know their life expectancy is around 10 more years. how effective would it be to take the breccia,skarns and gold veins to their graves ......you do not need them there get the Alto done
I am wondering based on the last two updates. HOW CAN IT BE POSSIBLE THAT THEY ARE GOING TO DRAG THIS ANY LONGER? Now with the new discovery (Already sold to someone) HOW ARE THESE MEN GOING TO DEVELOP THE PROPERTY? ON WHOSE MONEY AND WHO WILL DEVELOP IT? JJ? Lp?? Gc??? It took them this long (15 YEARS) to do something with LDM. What makes people think that they are not going to drag this for another 2, 5, 10 or 15 years and that is “If and only IF they last a long time”. These guys (BOD) are in their seventies. For God sakes finish the deal. I CANT BELIEVE PEOPLE ARE SAYING THIS IS HUGE ……..THE HUGE THING IS ADL NOTHING ELSE…………… FINISH THE DAMN THING ALREADY.
Rick
You whole perception of what is happening to Medinah in terms of transformation is probably a good estimate. However, UNTIL the JV is signed there will be NO ADDED shareholder VALUE. All these stuff are just side notes from a deal we have been waiting for ....YEARS everything else is good stuff but until JJ stops thinking he is going to live forever nothing will happen.
CS
You can be the best
Song writer in the world
Composer of the world
Singer in the world
BUT IF YOU DO NOT KNOW HOW TO MARKET YOURSELF....IT DOES NOT MATTER.
In Medinah's case, We got the best "World Class mine in the world" but if you can't close a deal it means ABSOLUTELY NOTHING
cs
LDM..................decoy
decoy
decoy
decoy
decoy
decoy
ALL THAT IS NICE AND PEACHY ....WHERE IS THE ADL?
Dean:
Your assessment is a little pre-mature as You are getting hung up too much on what the two guys on MP are saying. They are never right. If you recall at the AGM or informational meeting they stated that it will not be 6 months. In my calendar that means 5 months and 29 days....August 10, 2012 not April, Not May, Not June.....August
CS