If Your In, Your In.
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Dec 8th (Immaculate Conception) is a Wednesday
There is a real sense of symbolism with this holiday and MDMN.
I think I am leaning towards a December 7th, a day that will live in infamy (for more than one reason), as the day its announced and December 8th for the date of conception for the JV.
Misread the question mark.
Was that a question or statement.
As the dollar falls it takes more dollars to purchase all commodities including gold, copper and oil. While lower dollar is good for exports, bad on commodity driven businesses that do not own their underlying resources. China understands this.
The Cat is Still Alive, We are just not sure where the box is.
Final Remaining Item on List of Three is Next Week
All the list of three will be resolved next week. Still looking for an announcement by end of November. Just my guess. But I think that the informal, noncorporate, unvarifiable, information out there is starting to narrow the timetable.
Some of this is just the normal "Koolaid" BUT other information, from what I consider honest individuals is pointing to a final resolution to what we have waited a long time for.
Remaining public holiday in Chile before Christmas is November 8th which is a Monday. IMO, look for announcement on any of the following Mondays through the end of the month. An announcement should come after the market closes on one of these days.
Hold what you want over the weekends so not to be left short. The weather on the mountain is not a factor to either speed up or slow down this process. The temp is in the 80s this week and winter does not set in until April.
Commodity prices will hold or move up so long as the dollar stays weak. This will not change until after the new congress is seated in February. The only thing that changes this is a negative world event that brings investments back to the US as a safe haven.
If this is going to happen, November is a good bet, with a early December being the outside IMHO. I look for a AGM in early Janaury. (That should make all you snowbirds happy).
If your IN, Your IN.
We Can Call them on It, or Leave
I have for a long time only commented on the real discussions on this board, but lately, it is only those with OBJECTIVE opinions that are posting here (we know their objective). And the board becomes counter-productive if we just let them have the board.
I think we need a good board here and MP. I follow both, but like it here because we can have a real discussion of facts by people not representing themselves as insiders (not SEC insiders but people suppose in the know) and, I find some of these guys really funny.
But we have to maintain a fair and balanced board, and since many of the Longs quit posting, and I had some time, I thought I would call them on their comments.
Chew, can you please clarify a few of your tea readings.
Silence is the last thing we want to hear. - What?
Always unload a few shares on any hype or rumor run, just so you don't feel like the long that is always the bagholder. - so you recommend buying a few extra shares so you can sell them, so not to feel like a bagholder?
I'm holding on to my core position through the new year, and will be a buyer on weakness when tax loss season starts shortly. - The stock is near a annual high, what tax losses?
I think some here have misinterpreted what it means to be objective. - I think we are all clear on this but please expand.
Is this your Objective Opinion?
With the volume and price variance the last 60 days, I do not think the flippers are money fat. The NS might be another situation, but I think they get theirs sooner than later. Or should I say, I hope sooner than later.
Until the JV, the managements silence is OK with me, I cant imagine what they could say at this point anyway. AND You would not believe them anyway. So we wait.
Don't waste your time.
But, at least you got them to let us know their objective.
I like this new objective opinion stuff. It is so much easier to separate the wheat from the shaft. And you are correct about, It is only a question of time. No news from the Company is a good thing right now, if they had bad news, why would they string it out, we have hit our high and without the JV I do not see us moving much higher.
All they (the objective ones) have left is to drive the price down to start again. BUT that only works if the longs sell, and I do not see that happening this time around. So let them walk it down and pick up some cheap shares to round out your holdings if needed. We can wait, at least another month.
Here you get to hear some "objective" opinions...
Yes, but it would be great if they would tells us their objective at the start of the post as opposed to us having to read through the entire thing. Or in some cases, from post to post.
No insult intented to Chewy and Momo, we all know their objective.
The Answer is "The Unwashed and Somewhat Slightly Dazed"
The question with a few exceptions is "Who is still posting on this board?"
There is no new information avaiable, "We are in the quiet time" Everyone needs to take a step back from the edge and let this play over the next four weeks. Hopefully sooner.
No volume means, no movement. That sound in the distance is still a ways off. The NS and MM's will play the game and the price will fall when they do. (like today) But we traded less than $50k in stock today so it means nothing.
The SP is meaningless for those that believe in the mountian, for those that have not done any Due Diligence, just hold what you are comfortable with, knowing it is a high risk, high return play.
If we got JV board approval this month, we will see the final paper worked signed soon and an announcement made quickly after that. I believe that all the parties will want to begin drilling ASAP. IF the money is anything like we think and JJ a man who does not suffer the fools, the details are in the agreement, and the money needs to be in the bank before its final. That I would think takes time.
So Chewy on that, and Momo it a little more, and then give it a rest.
If your IN, Your IN
Psssst.. What Is That sound?
In the distance, What is that sound? A freight train, a jet engine, a rocket ship. You can hear it, can't you.
Were starting to see the panic on the boards from the shorts, a sure sign of something big. The personal attacks on the longs, the undermining of management. The negative BS from those that want to protect the newbies for the sake of What, they don't even know these people.
I know you can see that. But can you hear that sound?
We need the next sign to be sure, the stock moving up on big volume. Next week we should start to see it. But I do think I hear something.
My guess is, we will not know for sure until after the 15th of November but based the distant sound it is really moving fast.
Everyone should keep a sharp ear open. It is still quiet time.
Shhhhhhhhhh
At this point, there in no need for discussion. If you have done your DD you either believe or you don't. This is a high risk investment that IMO will play out before the end of the year. It is quiet time until then. Just keep an ear out for the roar that breaks the silence.
It Is Quiet Time
As stated previously, two of the three things that needed to happen have now been resolved, the third which is the US mid-term elections probably is just a bench mark whose results do not matter unless the unexpected happens. All indications are that the unexpected is remote and thus the timing may move up.
That being said, the Board of Directors of the lead entity will have considered and hopefully voted on the proposals in the October BOD meeting, (I believe that there were possibly different options before the board). Their decision now must be approved by the BOD of the remaining JV members before the deal is final and go to the Notarios. This should not take a significant amount of time. IMHO, I still say a mid November final for Notarios review and filings. BUT the announcement could be move forward if all parties move quickly.
The SP does not matter at this point in time. The downward pressure will continue with the sales at the bid and the buys at the ask. Those that prey on the weak will continue to talk trash, and bottom feed as they do. You will know when the time is near by the panic and the silence. Plan to hold through the next month end, but be prepared in the next minute for the news.
If Your In, Your In
For Whom The Bells Toll, They Toll for You.
4320. Short Sale Delivery Requirements may or may not affect the stock price prior to the JV announcement. The SEC legal stuff has more holes than Obama's economic theory, BUT the direction of the SEC, as it relates to open shorts, leads me to believe that the large brockerage houses are not going to tolerate the hand full of small dollar posers that try to artificially manipulate the stock prices by holding open short positions beyond the 13 or 25 day clearing period.
The regulation is not aimed at the OTC market but if they want to make an example of a MM, they won't have to look to far to make their point. And based on some of the estimates on MDMN open shorts, this would be a great starting place.
You can almost taste the fear as the stock continues to climb. At between ,035 and .045, hope is eternal. Lets see what the day looks like after we pass .05. The volume today tells us nothing, and the SP tells us even less and is meaningless.
For the most part, the longs are holding, the flippers are flipping for the 1/2 of one cent, and the dumpers are flooding the board to flush out the weak. The game continues until the JV announcement.
IMHO, The stock is poised for another base and then a upward move to a new level, remember this is a high risk investment, if you don't have the stomach for the game you should be buying Apple or Google.
Do your DD, buy what you are comfortable with, quit believing everything you read on the board, and watch the official web-site for the news. Everything else is just someones opinion, at least that is my opinion, and you really don't want to make your investment decisions on the rants of the unwashed.
Things are lining up nicely, watch how the fear turns to panic. Understand the time tables and then see the faith turn to gold.
If Your IN, Your In
Two of The Three Down
Chile's Lower House of Congress Approves Tax Increase for Mining Companies By Randy Woods - Oct 13, 2010 1:10 PM CT
Chile’s lower house of congress approved a government proposal to raise taxes for mining companies including BHP Billiton Ltd. and Freeport-McMoRan Copper & Gold Inc.
A majority of deputies voted in favor of all articles put to a vote today, according to images transmitted by the lower house television channel. The bill, approved in Senate yesterday, now requires presidential signing.
The changes would raise more than $1 billion over three years to help fund earthquake reconstruction and President Sebastian Pinera’s education and health programs, Finance Minister Felipe Larrain said during the floor debate today.
Under terms of the bill, companies would opt to transfer from today’s fixed rate of 4 percent or 5 percent of operating profit to a sliding scale of 4 percent to 9 percent through 2012. They would return to a fixed rate of 4 percent or 5 percent from 2013 to 2017 and move to a sliding scale of 5 percent to 14 percent through 2023.
Chile celebrates as all 33 miners saved, AP/Roberto Candia
SAN JOSE MINE, Chile (AFP) – Chilehas completed its flawless rescue of 33 miners trapped for a record 10 weeks, sparking euphoria at home after a 22-hour drama that captivated hundreds of millions around the world.
The ascent late Wednesday of the last of the miners, grizzled leader Luis Urzua, capped an against-all-odds operation hailed by Chile's president as an inspiration to the world.
It also spelled the end of a nightmare lived by the men, who had survived more than two months in a dank and dark tunnel 622 meters (2,041 feet) below the surface of Chile's northern Atacama desert following an August 5 cave-in.
US Mid-term elections on Nov 4 to complete the three.
Board Approval - Should come this week, BUT possibly the parties will wait till after the election and after the dust settles on Mine recovery which means November 15th. IMHO, the JV is still on track for announcement prior to the end of November.
Watch the Volume
Look to the end of next week if we can put together a couple of more days over the 10M level. By then, with Gods help the miners will be out, the dust will have settled, Board approval from all the entities would be completed and the paperwork will be signed.
I would expect that a deal this size will have to have Board approval and IMHO most corporate boards meet mid month after the end of a quarter. That would be October 15th. With a annoucement after the signing by month end. All signs point to the deal. Ignore the the SP, watch the volume.
The time table is moving up from what I thought based on the success of the miner recovery timetable and the Chilean royalty agreement. It still could be mid November, but be prepared.
If Your In, Your In.
You Aint Seen Nothing Yet
Here they come with the hard push down. The MM with their 5000 share trades to lower the ask, the BS funny men with their little innocent comments, the stalkers, and more importantly, the sleepers. The groups of two or three that profess knowing one another or acting like they have been around forever, the trojan horses who ramp up expectations waiting to play the dump.
My time table for this deal has not changed, I still say mid-November at the earliest, BUT I WILL STIPULATE it may be earlier, if we see the PURCHASE volume exceed 10M shares in a day($400k) AND a SP over .05. But understand, the MM will stop at nothing to hold this price below that level.
If the purchase volume hits 30M over a couple of days next week, with or without a JV announcement, the stock will run (my guess is .05 to .06). The NS will be in retreat and will start to cover, reload and try again at the next resistence level. For the MMs, IMO, the price will have to exceed .10 before they approach their bond coverage, so they will play the game, at no cost, all the way up. And be crazy to turn it around.
Do not let next week be the new montra, it has always been next month, And this time, I think, IMHO, you can bank on it.
If Your In, Your IN
Two of Three Down
Chilean president Sebastian Piñera said Monday that the 33 trapped miners in the San Jose mine would be rescued before Oct. 15, the owners of the mine continue to face heavy criticism.
1. Chilean Royalty Agreement Changes - Before Chilean Congress
2. Rescue of Chilean Miners - Next few weeks
3. November Elections US - November 4th
IMO the time table for a mid to late November announcement is likely. NS will continue to press to move SP down, HARD PUSH in the interium to cover short interest. Everyone interested in a long position should keep you doubts at a reasonable level to not support their move.
IMHO, The current SP is meaningless once the JV announcement is made. I still think the SP moves to .15 on JV announcement (before NS factor, anyones guess as to NS contribution to SP and timetable on swing, but should be big and short). Additonal .15 to .25 after AGM, then trade within range during drilling and breakout upon release of preliminary feasibility study. (August or September of 2011)
Finally, upon start of production in early 2012, price moves to 1.00 to 3.00 range based on dividend yield from cash flow.
If Your IN, Your In
I Will Say it Again.
Repost of my October 2 Post:
++++++++++++++++++++++++++++++++++++++++++++++++++++++
When expectation exceeds the possibility.
IMO, the pumpers are responsible for alot of the move up on Thursday and Friday. With their short term expectations, they are setting up the dump and the volume suggests a hard push by the P/Ds and the MM to move the SP down.
This JV gets closer to closing every day, and circumstances might change to accelerate the announcement, but IMO we are still looking at an announcement late this year. I agree with many of the posters suggesting a continued up tic in SP towards the .04 SP, however, with continued large short sales and no creditable information out of Chile, any indication of an immediate change in the JV announcement would be seen in the SP breaking the .05 mark.
Understanding, the strategy of these manipulators, will help the newbies weather the possible instability over the next few weeks. If you believe that this deal is going to happen. The strategy of holding what you got, will pay off. Buy on the dips, make sure you are holding what you want on the weekends, don't get caught up in the BS from the pumpers, don't get caught up when they start their dump strategy.
At .04 that puts our Mkt Cap at $26M. With the JV, we will see that move higher, with the start of drilling, higher still, with the start of production, significantly higher.
Be prepared for announcement, you might not get any warning and miss the pay, but be prepared to have to wait through November and December.
If your IN, Your In
++++++++++++++++++++++++++++++++++++++++++++++++++++++
They will continue to talk smack and dump small amount of shares at a lower ask to drive out the weak. Just wait out their dump, and pick up some shares on the dip. Note the names of the posters and ignore the doubters and the "never happen" crowd.
The SP is meaningless at this point. If it goes this week, great, but no one has any information that this is the case. SO WHAT. You park your $3,700 for a period of time in the stock, until it does happen. You lose the .0025% your bank was paying, BIG DEAL. The small money made on the swing is chicken feed compared to the return when this does move. This is how the penny stocks work. If it helps, quit reading the board for a few days. Give it a rest.
If Your IN, Your IN
We Don't Need the Pump
I am a true believer, and a long term shareholder. Over the last two years I have seen the pumps and the dumps, and while I have no objections to buying on the lows and selling at the highs, IMO I do not believe that this is the time to be playing that game.
The play that benefits the long term shareholders, both before and after the JV announcement, is a stock that looks not like a penny stock, but a solid long term play. I believe this stock could be, Long Term, a big winner, beyond even the BS that is talked about on this board.
I plan to take some money off the table on the spike and expect the price to fall back as others do the same, but will keep a significant holding beyond the announcement and into production. But we need to move beyond the penny mentality if we are ever going to reach this reality. These opportunities do not come but a couple of times in ones life. Google, Apple, were once penny stocks. While this is not either, the returns long term could be.
I find it heart warming that some many people, want everyone to get rich on this play, AT THIS POINT, me I do not care, sorry I have been in long enough that I have paid the price. Good for the newbies, but we don't need them, this is going with or without them. So welcome aboard if your on the play, but I hope they understand the stock, the time tables, the munipulations and have done the DD so that we can achieve our ultimate goal of a strong, cash machine, that over the next twenty years pays dividends of $.20 per share, per year. That is $134M per year and is possible, based on the size and estimates of the mountain.
That is retirement money, thats the end game. So get excited if you need to, but short term swings in the stock price means nothing in relationship to the long term possibilities, and in fact, can effect our ability to achieve the maximium benefit. I do not mean to be the wet blanket, but I have seen the down side of bad timing on the pumps.
If it goes next week, great, I do not believe we are that close, but would love it if we were, things change, timing changes, and the seasons in Chile changes. NOW, would be great, but if it is December or January, that is OK too. It does not deminish the play at all, unless your intention is to sell all that you got. I figure though "after tax" you better be holding 3M shares or more if you are playing the short term strategy if you want to retire in style.
Here is hoping next week is it, but keep your eye on the prize if it is not.
If your In, Your IN.
When expectation exceeds the possibility.
IMO, the pumpers are responsible for alot of the move up on Thursday and Friday. With their short term expectations, they are setting up the dump and the volume suggests a hard push by the P/Ds and the MM to move the SP down.
This JV gets closer to closing every day, and circumstances might change to accelerate the announcement, but IMO we are still looking at an announcement late this year. I agree with many of the posters suggesting a continued up tic in SP towards the .04 SP, however, with continued large short sales and no creditable information out of Chile, any indication of an immediate change in the JV announcement would be seen in the SP breaking the .05 mark.
Understanding, the strategy of these manipulators, will help the newbies weather the possible instability over the next few weeks. If you believe that this deal is going to happen. The strategy of holding what you got, will pay off. Buy on the dips, make sure you are holding what you want on the weekends, don't get caught up in the BS from the pumpers, don't get cuaght up when they start their dump strategy.
At .04 that puts our Mkt Cap at $26M. With the JV, we will see that move higher, with the start of drilling, higher still, with the start of production, significantly higher.
Be prepared for announcement, you might not get any warning and miss the pay, but be prepared to have to wait through November and December.
If your IN, Your In
Building the Base
The stock continues to build a good base. And even with one day volumes of over 2M, the stock is holding its own. The timing of the JV and expectations related to it, is supporting the shares and hampering the attempts by some to build discontent and doubts with the investors. But as we have seen, even on high sale volume we have people step in at solid prices to purchase those shares.
IMO that is a good sign for a uptic in the SP as we approach the year end. And more importantly, a solid support level for managment to negotiate our piece of the JV.
Timing is everything, if someone is short in the stock, they risk the SP rise from this base, if their trying to drive the stock down to buy in at a much lower price, they are going to miss the play all together.
IMO, the JV is finalized in December or January as I stated before and that the price moves north from here.
If your In, Your IN.
New Mining Royalty Bill Before Congress
Written by Ricardo Pommer
Monday, 30 August 2010 23:40
Tired of waiting for the opposition’s proposal, the government moves forward
After many negotiations and discussions, the government’s set deadline for a new mining royalty bill is here. Tuesday, the government will present its bill before Chilean Congress - with or without the much awaited proposal by the opposition parties.
Step one on its way.
I Agree. December/ January - It is after the Chilean Miners are rescued, (I know some of you do not think this has anything to do with anything, so no need to lambast me on this, but my theory is there is an in-direct connection with the deal), after the mid-term elections, and after the final ruling on mining royalties changes in chili. The last one being the most important. It determines the overall cost of, and available cash flows of any deal.
That IMO is December or January.
I agree, but I guess my point is, if we run to unbelievable heights, then more the better but we dont need to spend time dreaming of a "hole in one" when you are playing off a ladies tees. Our odds maybe better fro a short squeeze, but all the things need to align for it to happen.
If this stock is moving up $.50 a day, I probabaly hold till I see the sales volume start to over take the purchase volume. Then take a little money of the table as we move up. (at the average price over the past 10 years no one will be needing to sell much to cover their initial investment and a huge profit) You would be crazy to move out of your total holdings without testing the top.
I know, pig get fat and hogs get slaughtered. But smart money is in the long term play. So if the short squeeze happens, take some real money and enjoy the feast, but we should not under value the long play after the JV , after the drilling, if we don't see the short squeeze materialize.
You read it wrong, I believe in the long term, not the short term strategy of this stock. All those that want to talk about selling at this point are playing into the hands of the shorts.
If you are asking what everyone is planning to sell at, you are blowing smoke out your arssss. This is a longer term play for real money and the short term play is not worth getting all wet about.
For every hit on the super quick money, I can show you 1000 that never make it. This play is not a quick money play for real dollars. IMO you are going to have to commit to 12 months to see the gold. I am in for the $1.50 money, not 10% of that.
If you can show me how this play (with facts not pumps) is going to be quick money, then good for you, but it makes no difference to me. When we get there, we get there, and we don't need to have a bunch of pumps for the sake of discussions. And that BS is nothing more then a pump. We don't need it. This stock is for real, all by itself.
Dream a Little Dream For Me.
The board is back to counting the millions before we even know the deal. While I love to dream about the possibility, the truth is, we don't need the short term buying on the dream, and in fact it just set up the under-handed plans of the shorts by elevating expectations and time tables that no one can show me has an even or average chance of historically happening.
This is calculated play at a 500% return over an expected short period of time IMO. That puts the SP at five times the current price. Then there is a NSS variation that IMHO can be worth another couple of % points.
At .15 the value of the entity is $114 million before we have any proven drilling. If you believe in the mountain, that price is potentially 10 times below what the production value is. But no institutional investor is going to buy much with out the drilling and thus IMO we will not see the price go above a dollar until them.
The dividend play makes sense, but I do not anticipate enough cash avialable at the JV to even consider this.
I don't want to piss on anyones pipe dream but, the payoff is long term not short.
Both negative and positive connotations surround micro caps and low-priced shares.
By Definition:
Speculative investors are attracted to micro cap equities, because generally they:
are more volatile
make larger price moves in shorter time frames
have greater upside potential on a percentage basis
are easier to acquire with less initial investment
More conservative traders usually shy away from the smaller stocks,[3] because:
the underlying companies are often less secure or fundamentally sound
many shares are too volatile, on both a price and percentage basis
the companies generally don't pay dividends
they aren't subject to the same reporting requirements as Blue Chip equities, if they are on the lower level exchanges
The two sides to the investment philosophy ring true to the old axiom, "high risk, high reward."
Investment in penny stocks should be limited to money you can afford to lose. "Not your Rent Money". MDMN has a history of disappointing its shareholders, BUT if you do your own due diligince (DD) you will see that this stock has survived all the false starts to date, and that this time, might be the right time. Some of us have been waiting many years and beleive that the announcement we have been waiting for is within our reach.
Good week of discussions
IMHO, If you want to accumulate shares at a cheap price. Now is the time. If the longs stay long, and outside interest begins to pick up as we move closer to the JV, the current price level will be considered cheap.
As I stated in earlier posts, IMHO a 500% jump in SP at the JV announcement is not out of the relm of possibility. But the payoff is in production which is still some time away. To win big you have to think LONG.
Every man is a damn fool for at least five minutes every day; wisdom consists in not exceeding the limit. ~Elbert Hubbard
We have started to build an effective base. Time is not on our side, because we are probably not talking weeks IMO, So to win, we need to have the continued patience to see this through to the JV. An consistant SP will bring in other investors that can flush out the NS positions.
To that end, I wanted to repost what I believe is one of the best posts regarding real discussions we have had on this board in the last year. I recommend you re-read the entire post but here is what I believe is the main point of the issue.
From UNEVERKNOW post 20224 – the post was long and the effective strategy was at the end of the post.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena?
One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors,
direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position.
This is war, so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people.
The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders.
If your in, Your in.
The Man in the Mirror.
The only thing pathetic here is your history of posts, at least with Momo we know what we get. You on the other hand, go hard on one side and now talk smack out the other side of your mouth.
Nothing changed since your last post a week ago. If you and the shorts want to walk this stock down, go for it. The longs are going to hold this time and let's see what you pay for the shares on the way back up.
If you get back in "in time" or not, matters little to anyone, Once the stock establishes a solid base, you and your friends, (including the NS), will pay some of those profits back.
IMHO, when the announcement comes, whether this month or next, those on the sidelines will not have an opportunity to get back in because no one is going to be selling on the way up. Your bet is that you have time, I am taking the other side.
So walk it down if you want and let those that want a few more shares, fill their holdings. And those newbies can dollar cost average their holdings to reduce their risk. But do us all a favor and quit the rah rah posts. We don't believe you anymore.
If your in, Your in.
Thanks for the information and lesson. Duely noted and I pray you are right. The next few months will tell. And hopefully, the next three weeks in the SP will point the way.
OK, I follow, But
Does'nt cellar boxing suggests a huge number of traded shares?
If the ultimate goal is to bankrupt the company, I would think that you would have to choose the target correcty, that being a capital intensive operation with limited working capital.
I still keep thinking we are mineral rights company at this point, that is maybe trying to become a Jr, mining company. We have minimal operating costs and an unincumbured asset that on it's own could be extremely valuable.
I just does'nt seem to fit the examples. BUT this is the type of discussions that we need to have to help support the share price, educate the newbies (and a few of us longs), and modulate the pumps to avoid the yo-yo pattern we have experience twice in the last 10 months.
Again no disrespect to Doc, time might prove him right, whether that is a huge spike in the share price or the ultimate demise of the SP, I guess we have to wait and see.
Both sides of the NS strategy should be periodicaly included in the discussion to avoid the PISS pumps. Sorry guys, that is just the way I see it.
This stock's 5 year history reflects only maybe 2.2 billion shares traded. I find it hard to beleive that a billion of those shares are currently in a NS position.
It has been suggested that the NS were from a period when the stock was way up. In 2005, the shares traded at .005, why would'nt the NS at least start to cover at that time. Protect their profits and play again.
Ok, but this stock, if you believe, has a real asset, little if no oprating expenses and no third party debt. So your not going to bankrupt the company by driving the stock down to .001. It just means that they have to issue more shares to cover the operating costs.
Your point makes sense for a company that has encumbered assets and no real strategy to become an operational entity. They just fold up shop, change their name and do it all over again.
This company has been around 12+ years. If it was managements intent to screw the shareholders, they have had ample opportunities to do so.
This company (investment) is not a sure thing. But if you are playing with your high risk money, it is better than most I have seen over the last 10 years to make some very nice returns. Take a look at their financials on the web site.
If this folds, it is not because of the MM's or NS. It is because the cost of proving out the asset is greater that the expected returns. As gold prices continue to climb, this possibility decreases.
The naked shorts will drive the price above it's natural level for a period of time after the Company moves from its current position. All I am saying is that we don't need to pump the stock with unfounded numbers in order to realize significant returns in the long term. And those pumps do very little to sustain the price and support the real story of the Stock.
If your In, Your In.
Your Reading this All Wrong.
I am not saying that we do not have a significant NS position in this stock. But the idea that it is a billion shares just is not supported with the facts. And further explains why management has not taken any steps to capture the unresonable profits in a short squeeze.
The MM's have a purpose in the financial markets, more so in the pinkies, and that is to establish stability in a stock price by trading on their account to better match the ask and the sell.
To do this they often have to sell shares from a naked position. Additionally, there are those that will try to manipulate a stock by over subsribing a sell ofder to drive the shares down, with the result being, they eventually, close out the NS position and let the stock move back to fair value.
Look at the charts. Why would anyone, hold open a NS on the large falls in SP we have had over the last 5 years.
Really, I want to know your thoughts. This is not a slam on you or Doc. I just want to understand.
Can you Say "Im confused"
Your Postings
The Pump
12/9/10 - Price .0175
Impatient scary people should put their money in C D's and enjoy their 2% returns and just get on with life. After all this time did you really think the announcment would come as conviently as some have speculated recently. If it is going to happen it will happen on their terms and time. If you can't continue to wait a little longer the banks are open now and will welcome your money.
5/3/10 – Price .04
Who has the guts to put in an order above .04. I just did . Time to force the hand of the mm. Everyone talks a good fight here, but they sit back like little girls and wait for others to launch the first blow. Man up you wimps, put your money where your mouth is.
The Dump
5/4/10 – Price .0275
Bobster, this adventure has been nothing but a rollercoaster ride over the past few years. Every time we receive info from what we believe to be reliable sources (those close to the action) we get excited and our leaders (fellow shareholders) man the pumps. When you blow into a balloon it inflates. So do we when those we trust fill us with hot air. Recently the company has begun to blow hot air up our rear ends. This is suppose to be the week. Right. Two weeks ago I did not feel we needed an update. They said the deal was that close. Are you trying to say that this stock and the company does not play with ones emotions. Get real dude. Everything gets old after a while. We deserve respect. Just tell us the truth.
5/26/10 – Price .021
I am so tired of this thing. If an N F L team had more false starts than these people, it be first and 200 from the locker room.
6/20/10 – Price .024
Well Round I will have to admit that my IQ has dropped to around 20 to still be in this never ending story. I have be told so many times over the past year that this thing is about to happen, that I have run out of fingers to count them on. I am now working the toes. I like what Medinah has done to us all in the same category of child abuse. Father JJ has battered all of you guys for years. I do not believe in this company anymore, and I even doubt that there is true value in that mountain no matter what the JD report says. Sorry but the world is full of deceivers, and people with low IQ like myself are their targets. Smile.
6/22/10 – Price .02
I guess it is time to flush all the crap that is now floating in the MDMN toilet bowl when Handshake starts posting to himself. There are 10,000 flies circleing the bowl with thoughts of raising a family on their mines. Only they can appreciate the odor that is flowing from south of the border.
The Pump
7/30/10 – Price .035
Trip Hey....I believe you would have to be a flippin nut to sell your shares now. Some people are selling, their flippin nuts.
7/31/10 – Price .033
Monday's open and the days action in Medinah will say a lot about what outside investors thing about Fridays news. On similar news I have seen other junior mining stocks began a 2 to 3 week run that reaches in some cases 1000 to 2500 percent increases. Examples are CVRG in May of 09 ran from .01 to .44, on JV talk, and SFMI ran from .04 to .39 on hopeful news. Remember SRSR. This stock ran from .04 to .21 on drill results. Medinah's potential assets are far greater than any of the above. I would be great to see Medinah begin such a run next week.
09/03/10 – Price .033
Seems as if they are setting up to finally birth this baby. Don't get caught on the sidelines over the long week end. Very cheep stock at this time in the game.
A Mans got to Do, What a Mans got to Do.
From your keyboard to the S. Jude's ear.
Note - The Apostle Saint Jude Thaddeus is "The Miraculous Saint," the Catholic Patron Saint of "lost causes" and "cases despaired of." When all other avenues are closed, he is the one to call upon, and his help often comes at the last moment.
I hope, by years end, or just maybe within the next six weeks, you have more than a few opportunities to blow out your holdings. I pray that the longs hold, that the newbies, are not playing with their rent money and that, the only referrence to pigs and hogs are related to the sauce or the rub, at the AGM.
A price that falls on low volume means nothing and changes nothing for the those that believe. We need to get to the point where everyone is comfortable with their holdings, and the share will naturally climb on any new interest. No nonsustaining pumps. This play has the potential, and like I have said before, time can work for us or against us depending how, as a group of current shareholders, we play the game.
Call the pumps when you see them, or at least lets discuss the ideas for everyone to see. Then the newbies can make their own decisions based on facts (as we know them).
If your in, Your In.
Why would they carry an NS position when the stock traded at .005 just over 5 years ago? You think they were looking for .001?