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we are now trading at .0008 cents I cant even calculate what that really means other that its next to nothing. Maybe its time Raul put medinah out of its misery!!!
its now going on to 3 years since auryn said they would distribute their shares to mdmn shareholders and no sign of anything about to happen. May we be in line for a xmas gift?? Any news forthcoming to tell us what is what is happening????
It remains my opinion that the aumc shares will not be distributed this year to the mdmn shareholders and unless a mirikle happens not next year either. Raul, who seems to be trying, claims he gets no help from gary goodin and maurizio and his hands are tied until they do something with auryn as he has no funding to more forward.
thanks giving is over and Xmas coming quickly. Wonder if the big boys will give us a xmas or year end review of all their great progress this year and what to look for in a better 2021///
Auryn posted their sept 30 financials and disclosure documents on the pink sheets. nothing of much interest, as usual, other than they finally admit the big H walked away from the ldm without doing any real work. No record of the land taxes being paid so we dont know how much of the original alto properties still remain. No indication if they are ever going to do any property work.
Chile Dog tells me today that the combination of auryn and medinah are not ready to do anything positive for some time. Their excuses continues to be covid 19 and the riots in peru. This is nothing new as they have done darn little for the last 4 years.
I havnt found anything yet? Have you??
Legally if 15 % of the shareholders petition for a shareholders meeting the company must comply at their costs. However, as mdmn has not been in compliance with the state of nevada for over 2 years now i think they would simply ignore it and let the fines pile up. The shareholders then would have to start legal actions against the company and the directors and i dont know of any shareholders that would fund the legal fees. Other than this they will continue on their merry way doing nothing and simply laughing at all the shareholders. I dont see them ever distributing the auryn shares as this seems to have been completely forgotten.
Maurizio is the KING and sits on his throne to control his subjects with an iron fist. He has destroyed the creditability of many such as gary goodin, kevin tupper, italo valanti, vital karra, and everyone associated with him and now we have Raul who is scared of his own shadow and will not make a move until maurizio does something with auryn. (If he ever does)
Since taking over in 2016 maurizio has also destroyed mdmn, cdch, auryn and now american sierra gold. The properties sit wasting away as chile takes over for non payment of taxes. None of us know what maurizios plans are, if he has any.
Elections about over --- Time for maurizio and goodin to move mdmn and auryn!!!
End of another month and no news of anything on the mdmn or auryn situation. They did publish THE disclosure filing on american sierra gold, and like usual, full of nothing but falsehoods. WHATS NEXT????? Its so long since they anounced the clearing of the auryn shares for the medinah districution I am now feeling like that will never happen.
the company posted its financial updates on the otc board to july 31, 2020-- A nothing except falsehoods about properties the company never owned and does not as of today.--WHEN will the truth be told??
Auryn trading today at .177 cents with months since any news. --Do maurizio and goodin simply leave auryn to die as well??
Trading today at .177 cents with absolutely no news from the company.-- Will it survive???
Chile Dog tells me today that maurizio says everything is great and we will all soon be really pleased with what he is doing. Seems like the same conversation he had with him this spring at the convention in Toronto. --- who knows maybe a miracle will happen??????
You should be happy. mdmn trading way up this morning
anything would be a lot better that we have now!!!!
Maurizio and goodin rolled the stock back 100 to one. It then traded up to 1$ per share and over the last year has continually slid to today less than 25 cents. During that period there has been no update or news releases and just seems to be another of maurizios forgotten projects. If Raul of mdmn ever distributes the auryn shares to the mdmn shareholders there is darn little value to them anyways.
At this rate i dont think i can live long enough!!!!
Just looked again at the Masglas web site and notice a report that Masglas was looking at going public and hoped to be finished by the end of 2020. Where does that leave their other public companies--- Medinah, Auryn and American Sierra Gold. All of these are public, all controlled by Goodin and Maurizio and all of them going absolutely nowhere!!! Oh yes the original plan was to take Auryn Chile public which also never happened.
Well today aumc traded down to .0167 and mdmn down to .00129 I guess any optimizm that goodin and maurizio are ever going to do anything to help the poor shareholders is only wishful thinking. Summer is coming now to chile and Lampa has been lifted from the covid restrictions. NO EXCUSES GUYS !!!
with proper management it could easily be done with the value of the alto property. However, as goodin and maurizio continue to do nothing but destroy our market for the last three years it makes one wonder what they are smoking?? Maybe its possible Raul will rattle some cages and get things moving.
If Raul needs 500,000$ to cover the debts of medinah, as he has stated, and he could sell 1 million shares at 50 cents, that would leave about 15 million shares for mdmn shareholders. With Rauls shares cleared out of the market and the remaining shares, with some good news and proper attention to the market, was able to to reach a level of one l dollar, that would leave a value of about 15 million dollars to distribute to 3 billion shareholders. In my opinion that is a reasonable goal but really doesnt give mdmn shareholders any great return. If the alto property was properly managed and a decent joint venture partner came to the table and results were positive, the possibility is the auryn shares could reach as high as 5$ which would really give some value to the mdmn shares. The other negative factor is that maurizio and amparo are the major controlling shareholders and we do not know how they will dispose of their holding which, of course, would seriously affect any market.--In summary i think it would be possible for auryn market to reach 1$ but for any real return it would have to reach the 5 dollar level.
Raul has repeated that he wants to sell some of the aumc shares to repay debts of medinah and then distribute the remainder to mdmn shareholders. As of today aumc is trading on light volume down to .162 cents.-- At this rate there will be nothing left to give to the mdmn shareholders!!
Chiledog told me a year ago that the big H had walked away and pulled their crews off ldm. Again, very surprising that goodin and maurizio didnt think this was important enough to tell the shareholders and continue to lie on their filings stating the contract with H is still an asset. Makes one wonder how much, if any, of the original alto claims still exist? One can feel sorry for Raul trying to put everything together so he can distribute whatever is left of the auryn shares to mdmn shareholders. Raul continues to state he is waiting for auryn to do something to enhance their share price and it looks as if he might have a very long wait.
It looks as if we must wait until auryn has some sign of life with an uptick in price along with some volume. Unfortunately i dont see any sign of this happening soon, or ever, with the way goodin and maurizio run the company.
our hats off to you for your efforts to get clarity from raul on the future of mdmn. As we expected the shares of auryn have not been distributed because mdmn has no funds and lots of debt left over from when goodin resigned and took the big severance package. Raul has clearly stated now he is waiting for auryn to do something to have their price move up and raul can sell the auryn shares to repay debts. The down side to this is that every share he sells means less to distribute to mdmn shareholders. Does anyone know when raul will make a public announcement so all the shareholders know where they stand???
Raul at least takes the time to reply even tho he doesnt say much other than he is waiting for auryn, which means he waiting for goodin and maurizio to come up with some funds, and as we have no indication when or if they might decided to do something, we wait another year for some encouraging words.---so very sad!!!!!
masglas web up again but nothing of any news on it
Great reply and thank you. December 2019 they stated the restrictions had been removed and 9 months later he still does not have a time line to send out the auryn shares -- As these shares are the property of mdmn, why is he waiting for instructions from auryn?
Masglas web site is no longer active. Has maurizio given up on that as well???? Or does he want to continue telling us nothing????? We are told that masglas is the controlling shareholder so its well being is important to us.
Chiledog REPORTS today that the stockpile of mined gold ore at the ldm site that maurizio took over 4 years ago has not moved. This ore contains 10 gpt gold and at todays price is in excess of 600$ per tonne. As all costs of mining have already been paid, it would cost less that 100$ per tonne to transport, process at the mill, and sell the concentrate. Chiledog has no idea why this has not been done in the last 4 years. No one has told us why the big H left the property before completing the agreement if there ever was one???
The golden silence from goodin and maurizio continues!!!!!!!!!!!
Who knows--they never tell us anything The entire property could have been lost from tax sales and as they brag about 10,500 hectares maybe they have only kept a small fraction of the mountain or nothing???--Although we have asked for years, we still have never seen the contract between auryn chile, cdch and auryn usa for the sale of the entire mountain.
My good friend, chile dog, tells me there are a lot of unpaid accounts around the mine and Lampa. Some time back we heard a rumor that maurizio had arranged a 10 mil offshore line of credit. However, no one from the company has ever indicated that to be a fact so it is very difficult to know if maurizio is having financial difficulties or just doesnt give a darn amount mdmn and aumc. Still no indication when, or if, the mdmn share holders will receive the aumc long promised shares. Chile dog reports that lampa is now clear of the covid restrictions but absolutely no sign of any activity on the alto properties.
Lots of gold in the ground. Lampa is now out of the covid lockdown so everything in the alto can be mined if goodin and maurizio were ever so inclined. Winter is over--- the weather is great. Wonder what the next excuse will be???? Could it be that the last contractors were not paid and they dont want to work anymore???
That is an excellent question --- why??? There was no report of anything involving auryn chile as to wether it had any assets to support the transfer of the alto claims and as you point out contrary to Nevada statutes no approval of the sale was ever held. Very strange!!!!!
WHAT DOES chapin SAY ABOUT THIS????
Over four years ago, march 2016, greg chapin resigned from mdmn and turned over 100 percent of the alto to goodin and maurizios private chile company, auryn chile, who turned out to have no assets and no cash to develop the alto properties. They then attacked cerro dorado and raped it as well. After 4 years nothing has happened except the markets are destroyed and nothing done to develop the properties. Wonder what the next 4 years will bring as goodin and maurizio let Rome burn!!!
More volume today trading down to .0012 cents???
Its hard to follow the bouncing ball to know what we own and of more concern how much of the property has been lost on tax sales because they dont pay the annual tax levies. In the auryn filing no record of any taxes being paid which were due march 31, 2020 nor any posting from the company as to how much of the original 10,000 hectares still is oowned
Unfortunately I gave up almost all hope a couple of years ago but still hold onto the value of the alto property coming to our rescue at some point in time. We do know it has a semi proven tonnage of mineable gold/copper ore that will be a producer, but who knows who will own it by the time maurizio completes some more of his slight of hand manovers. From medinah to auryn chile, from auryn chile to cdch/auryn us, and now to amnp????