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Dean:
I am not to the point where you are YET. I have invested heavily on this two sister companies and do expect a conclusion in a very short period of time. When I get to the point where you are,if i ever, I will act. If this is a scam as you put it, the top executives of this company are and will be at a great risk of being prosecuted Not by the SEC but by other government institutions that have Economic Crime Divisions as part of their operations.
I am almost 95% they are acting in good faith, but I do also believe that this is happening in JJ's time. He is in no hurry to complete the deals as I stated before, when you have the kind of money JJ has it is just another deal you are getting through. He does not execute period and the reasons we will never know. If you recall when one of the investors visited his home in chile, he used the word "SOON" and that was in 2008. He continued to use the same word in one of the shreholders updates "I will see you (meaning the shareholders) soon" (2008)and lastly he also used the same word in ONE OF the latest updates. NONE of his words HAVE CONSUMMATED.
CS
If what you are saying is true and "verifiable" please show us the proof that this is a scam. My Personal opinion is that JJ is not in a hurry to close any deals as he has gotten million of dollars in private sales from the other mines he owns. 14 years appears and "is" a long time to close a JV. I personally think it is time that Mr JJ completes the JV and truly believe that there are other strategies to find out what it is really going on.
Someone acting independently or dependently from Medinah is making sure that new shareholders get stuck to this venture so the money continues to pour in; capitalizing on the rumors over the MP site. My perspective on this as many others is that this JV will occur but not in anyones time but in JJ's time. As irritated as I am, wanting to really go to the Feds (and I do have old friends in the Federal Goverment) to provide all the information they need (its all on the websites), I will give Mr JJ the benefit of the doubt. I think that the last update was a huge CURVE BALL that NO ONE EXPECTED. In fact for BH not to be aware of the situation makes me conclude that Mr JJ does not communicate very well to the Board of Directors nor is interested in their input. You can't run an operation this way unless you are a dictator. I would like to point out that Mr JJ was given full power on all matters for the sale of Alto de Linpague. However, what it was not included along with the powers given to him was ACCOUNTABLITIY AND A TIME FRAME[color=red][/color]. I find it fascinating that he controls everything with no limits or with absolutely NO ACCOUNTABILITY FOR WHAT HE DOES. PEOPLE REMEMBER THIS ON THE NEXT AGM if this deal for Medinah is not consummated.
The money continues to pour in with unsuspected shareholders that are completly oblivious to the history of this investment. On january, I predicted that this deal was not happening until the 15 of july...another inaccurate prediction.
I also like to point out that MP has become a place where you do not know what to believe anymore. That place is so confusing that people begin to day dream on all topics and at the end of the day no one is EVER RIGHT. THE ANSWER for the confusion IS VERY SIMPLE. We have an individual who has an agenda and enjoys manipulating innocent and naive shareholders by stating that the deal is at the one yard line. I believe statements like that which have been made for years have one and only one objective. Keep telling them that we are there and they will keep pouring money in. So the question that I have for people that depend on this source Why you keep torturing yourselves by going back to the same unreliable source to get the same misleading looking forward statements you have gotten for 14 years? This is beyond my comprehension.
One final comment on the last update. 8 updates with "yes, the money is coming..we are waiting for the money" and at the end Cerro gets excluded. In my 27 years of experience in industry, I have been directly responsible and involved in many multimillion dollar projects. The bidding process starts by OUTLINING THE EXACT SAME requirements for all bidders. At the eleventh hour, the partners decide not to include cerro. This monumental detail that was left out of the contract at the beginning is either a huge oversight from lack of experience or pure manipulation over the shareholders. In either case, it is unacceptable.
Thanks for taking the time to read this post
CS
If what you are saying is true and "verifiable" please show us the proof that this is a scam. My Personal opinion is that JJ is not in a hurry to close any deals as he has gotten million of dollars in private sales from the other mines he owns. 14 years appears and "is" a long time to close a JV. I personally think it is time that Mr JJ completes the JV and truly believe that there are other strategies to find out what it is really going on.
Someone acting independently or dependently from Medinah is making sure that new shareholders get stuck to this venture so the money continues to pour in; capitalizing on the rumors over the MP site. My perspective on this as many others is that this JV will occur but not in anyones time but in JJ's time. As irritated as I am, wanting to really go to the Feds (and I do have old friends in the Federal Goverment) to provide all the information they need (its all on the websites), I will give Mr JJ the benefit of the doubt. I think that the last update was a huge CURVE BALL that NO ONE EXPECTED. In fact for BH not to be aware of the situation makes me conclude that Mr JJ does not communicate very well to the Board of Directors nor is interested in their input. You can't run an operation this way unless you are a dictator. I would like to point out that Mr JJ was given full power on all matters for the sale of Alto de Linpague. However, what it was not included along with the powers given to him was ACCOUNTABLITIY AND A TIME FRAME[color=red][/color]. I find it fascinating that he controls everything with no limits or with absolutely NO ACCOUNTABILITY FOR WHAT HE DOES. PEOPLE REMEMBER THIS ON THE NEXT AGM if this deal for Medinah is not consummated.
The money continues to pour in with unsuspected shareholders that are completly oblivious to the history of this investment. On january, I predicted that this deal was not happening until the 15 of july...another inaccurate prediction.
I also like to point out that MP has become a place where you do not know what to believe anymore. That place is so confusing that people begin to day dream on all topics and at the end of the day no one is EVER RIGHT. THE ANSWER for the confusion IS VERY SIMPLE. We have an individual who has an agenda and enjoys manipulating innocent and naive shareholders by stating that the deal is at the one yard line. I believe statements like that which have been made for years have one and only one objective. Keep telling them that we are there and they will keep pouring money in. So the question that I have for people that depend on this source Why you keep torturing yourselves by going back to the same unreliable source to get the same misleading looking forward statements you have gotten for 14 years? This is beyond my comprehension.
One final comment on the last update. 8 updates with "yes, the money is coming..we are waiting for the money" and at the end Cerro gets excluded. In my 27 years of experience in industry, I have been directly responsible and involved in many multimillion dollar projects. The bidding process starts by OUTLINING THE EXACT SAME requirements for all bidders. At the eleventh hour, the partners decide not to include cerro. This monumental detail that was left out of the contract at the beginning is either a huge oversight from lack of experience or pure manipulation over the shareholders. In either case, it is unacceptable.
Thanks for taking the time to read this post
CS
It seems that we have the same point of view. I could not agree with you more. What I object is tha lack of information and the dis-information put out so the shareholders are in the dark. It looks like "Project Blue Book" but done by a private party. People need to understand that mr Quijano is not doing us any favors as we all have invested on this stock with expecting that this venture is going to be profitable. 14 years is more than enough time to close a deal.
Eats
We never see eye to eye and that is ok. However, if you tell me that during the selection process this (the sell of the package together) was not a factor and was not taken into account to make the decision of who was going to be our partner, then the company needs a person or entity that can deliver the goods. If 14 years go by and you still can not land a deal then get someone else with the experience to put this deal together. This has nothing to do with if I trust or do not trust anyone. The decision of becoming a shareholder is made on calculated risks and not so calculated risks such as in the case of medinah and cerro, but nevertheless you have to look at it objectively. If by looking at the little information we get from the official website objectively makes me a basher then let me be a basher. Most of my position is on this stock and find it quite interesting that every time we almost get a deal signed something ALWAYS HAPPENS.
ONE OF THE BIGGEST BUYOUTS IN US HISTORY only took three months to be consumated.
Believing or not in JJ is irrelevant in the business world Trusting JJ is not going to give you a done deal. What is going to give us a done deal is an entity which has in its best interest, the interests of the shareholders PERIOD and so far THAT has not happened in 14 years. Let me repeat that again 14 YEARS. The caviat, the money coming to miami documented at least 8 times in the last 6 months was not done having in mind the interests of the shareholders who have been waiting for practically an eternity to get this deal done. FYI People has passed waiting for this to happen and will never have a chance to see this realized. People have lost their homes etc etc etc. Its time for the execs of this company to perform of what it is expected of them and benefit the shareholders.
CS
The question that still is not being answer is why to deceive the shareholders in a consistent and systematic way? Recall that there were 8 updates about the money and it never came. For six months we patiently waited (forget the past 14 years) CDCH was expecting the money anytime. Someone is responsible for misleading the shareholders and will have to answer this one as the information we all saw is in writing and in the official website. Millions of dollars were exchanged based on these updates and there is no accountability for this?[color=red][/color] [color=red[color=red][/color] [/color] Please keep in mind that the trading was solely based on the information published by the official website. So after six months of milllions and millions of dollars traded, Cerro Dorado Management directed by JJ decided to give an update that is an absolute shock to even some of the members of the Cerro Dorado Board
Deviating the issue by stating that Mr Quijano is already working on another deal once the JV partners dropped us is just unacceptable and frankly I can't understand and will never understand why this (Meaning selling the whole packgage together) was not addressed properly during the selection of the many entities that were interested in the property over two years ago. If I recall correctly there were a total of eight companies that got eliminated in the process. So we came down to one bidder months ago and NOW IS WHEN the JV partners decided not to take Cerro? and THIS COMES TO LIGHT? Let me re-iterate millions and millions of dollars were traded during this time based on information published by the official website. Is this legal? if it is fellow shareholders we are, in the wrong business.
CS
Rick:
I would like to meet with at the Blue Martini in Miami or if you would at the Weston Town-centeter in Fort lauderdale. I will share some highlights of this stock with you if you like.
CS
Superdow:
What really bothers me about this whole thing is that we had over 8 potential partners which in a few months if not in one year were reduced to 1 and AFTER ALL THAT SCREENING, THE ONLY PARTNER WE SELECTED AFTER ALL THIS TIME DECIDES NOT TO TAKE CERRO DORADO. IT MAKES ABSOLUTELY NO SENSE FROM ANY PERSPECTIVE. It is practically impossible not to have ironed out the details of the JV agreement during the process of elimination which took over one year? For God sakes who these people think we are? Dumb and Dummer?
CS
PS: I should have followed my instincts when I wanted bug JJ"s home in Chile.
I understand your point but you got to take a look at this objectively. First of all where is the trench of money promised since January and after 8 did you see that? 8 updates about the money in the official website, a shareholder's update is released that clearly shows that the direction has changed.360 DEGREES (Thank you for that Cerro Dorado Management)..one MORE TIME I am kind of waiting for the other shoe to drop. Medinah.....At MP everyone is saying..Next week. Lets see what the next dropped shoe is going to bring. Do you people realized that hundreds if not millions of millions of dollars have been invested on this stock due to the "NEWS" and "UPDATES" of the official website? Possibly hundreds of millions have been invested since 1996 and we are still waiting for the first trench of money?. FOOD FOR THOUGHT. Do not ask me to sell I am just venting
CS
It sounds like a plan to me.
BB
I hate to be the guy challenging this new London Group theme. There is not a shred of evidence that this London Group will act as soon as you think. Its a letter ot Intent for crying out loud. Medinah received a letter of intent 2 years ago and we are still waiting. No announcement, no deal as of yet and now you can't even BELIEVE or trust WHAT IS POSTED ON THE OFFICIAL WEBSITE. I AM STILL WAITNg FOR the first TRENCH of money. where did it go?
You are not serious ARE YOU? 10 DAYS?
Big Baboon which deal the MDMN or CDCH? it seems that the CDCH is far away. letter of intent got to draw the contract, lawyers to agree etc etc etc just like with Medinah. I calculate one year or two
Trader:
Please give me your opinion on the 8 updates for alto de linpague that the money was coming and never did. It leads me to believe that even for Medinah they may not deliver the goods either. It was totally a shock for everyone why in the world JJ would do that. As far as i am concern JJ has no credibility. To pull what he pulled on CDCH shareholders is NOT ACCEPTABLE. QUITE DECEIVING IF YOU ASK ME......YOUR INPUT PLEASE
CS
Doc:
You may be absolutely right but think for a minute the logic here. Look at the last 8 shareholders updates please and tell if I am smoking something to get high or we were just lied to for months. waiting for the funds, waiting for the money and waiting for the money then what? An update that although may paint a picture of benefit for all of us in the future, the reality is another one. If I see an announcement in the next 2 weeks for medinah I will be satisfied. How much longer a year? two? I am sure he is worn down too but I have seen the deals he has landed in the last few years for his benefit and the benefit of his sons. So what can he do the same for the shareholders NOW? People have lost their homes, savings, people have died waiting for this deal and people have gone bankrupted. I am one of the lucky ones but the news on Friday was unacceptable at this time of the game. Why to post anything in between except misleading statements. WHY? They knew already back in January what the situation was but decided to keep al sHarteholders in the dark AS USUAL.
CS
Big:
I have been holding for many years and I am just worn out .....really tired ......and with no energy anymore. I hope what you are saying true but the credibility of JJ in my mind is ZERO. Why are people ignoring all the supposed shareholders updates from January til now? I just do not get it
If You really believe that please buy my one million shares of cerro at that price I will give them to you all. NOW
I am sure this thing is cooking, but this is a long long long long overdue deal and I am scared to death if it does not happen. Too much money in it and I crinch when I see the swings on the stock and my money, too many ups and too many downs for the last five years. I can't imagine holding this stock for 14 years as some of my friends have. And yes you are correct. the SP does not mean anything as we know what is on the mountain.
CS
I am going to post something that was removed on the mining play by my dear friend MG. No resignation letter here yet which by the way the one posted in MP looks like it was written by a five year old.
The stipulation of this deal was marked by an extension granted by Juan Jose Quijano Fernandez for a SPECIFIC PERIOD OF TIME. No more quesions or buts. If the company (Partners in Control) fails to deliver the goods by July 15th, then there are two possibilities. the extension was given for 270 days (Nine months) or 365 days (One year). If one year comes and goes and there are no news, then the issues at hand are greater than we were led to believe by the ones who claim to be in the know at the Mining Play website. What I mentioned are just possible scenarios given to me followed by my own conclusions. Non resolved issues at the time of the signing back in December of 2010 will not be PUBLISHED or clarified until the JV is delivered. In the meantime, the speculation continues on all issues and dates of the arrival of the funds to proceed with this project
My warmest regards to all of you when this thing hits.
Chilean Spy
Source : Santiago de Chile
Point well taken Rick and right on the money
Rick:
May be you will change your position once this thing hits
This time with Medinah and Cerro has been and will be the most exciting and rewarding time of all investors. I have to thank all of those people who have shorted this stock as it will allow us "The Investors" to cash on all the crooks that shorted this stock. Have a great and amazing week as it will be the last week you can short Cerro and Medinah
Go and read the e-mail from the DOC in a conversation with GC
Dear Friends of CDCH and MDMN. HOLD TIGHT NEEEEEEEEEEEEEEEEXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT WEEEEEEEEEEEEEEEEEEEEEEKKKKKKKKKKKKKKKKKKKKKKKKKKKKK
IS IIIIIIIIIIIIIIIIIIIIIIIIITTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT.
AT LAST GEOLY ...AT LAST. YOU ARE A FIGHTER..YOU IN A WAY KEPT ME FORM SELLING ..THANK YOU.......
This is just the start guys..please remember those that are less fortunate than us the stockholders of these two companies. God has already blessed us so Help someone in need during these holidays.
chilean Spy
My friends ..I HOPE ALL OF YOU ARE DANCING JUST LIKE I HAVE FOR THE LAST 24 HOURS ......AND IT IS NOT OVER YET ......LMAOTTB
Thanks Rich...You are very welcome
History DC History. I am just tired of the BS.
ok let me correct myself
I HAVE NEVER SEEN SO MANY FOOLS IN ONE PLACE..I DO NOT POST THERE
I have never seen so many FOOLS in one place. The Mining Play ......
Stock is way down what do you think NOW .....
it is time to contact the federal agencies FBI, SEC to look into this company. Most people want this BS to stop but do nothing about it. They wait for others to do th DD. If interested contact me at your earliest convenience.
thanks
CS
I do not understand your question. Please clarify
OK KIRK THIS MEANS WHAT .....NOTHING, NADA, ZERO, ZIP WHY ARE YOU POSTING THIS?
I think that if this deal does not go thorugh (plenty of shareholders will be furious) A lot of people are trying to make this deal more than it is. There is always an excuse for not supporting shareholders. One thing you can count for sure for years and years and years is talk and more talk while increase in shareholder value stays the same with nothing ever happening. Ask the pumpers of this stock (MP site) I am sure they have made their money out of unsuspecting newbies investors believing that the JV is around the corner. They have kept this chit for more than a decade.
Juan Jose Quijano Fernndez, director de la empresa, tambien ha estado negociando con "varios grupos financieros que operan dentro de Chile" y estn interesados en financiar propiedades con mrito para factibilidad o producin, indic House.
Juan Jose Quijano has been negotiating with various groups
blah blah blah .....the same old stuff... this is from 2003 Does it sound familiar?
La empresa con sede en California Medinah Minerals (Pink Sheets: MDMN) est en conversaciones con cuatro grupos de financiamiento distintos para reunir fondos para su proyecto de cobre y oro Alto de Lipangue en la zona central de Chile, inform a los accionistas el presidente de la empresa, Gordon House.
Medinah Minerals, California is talking to 4 financial groups to get the necessary funding for its projects of copper and gold at the Alto de Linpague. Here we go again does this sound familiar?
Medinah debio haber comenzado la fase IV de un programa de perforacin en Alto de Lipangue, al norte de la capital chilena Santiago.
Medinah should have begun phase 4 of a drilling program in the Alto de Linpague... Does it sound familiar ..this was in 2003
Lets see what follows....with this acceptable offer..if it is acceptable, I would like to see the EXCUSE(S) for not getting this done. Now, it appears that the date has been moved and guess what we are in the middle of 2010. This is JUNE PEOPLE........Befroe you know it, we will be in 2011 with NO DEAL AGAIN This is the last call people....the last call....too much history and too much exposure ....
Senor Juan Jose Quijano:
El proposito de esta carta es de informale que ya es tiempo que usted cumpla lo que le ha prometiodo a los accionistas de Medinah Minerals y Cerro Dorado. En los ultimos anos lo unico que los accionistas han recibido en informacion de la compania de la cual usted es parcialmente propietario son anuncios publicos que dejan mucho que desear y sin ningun tipo de valor financiero en vista de que usted no ha cerrrado ningun tipo de negociacion con ninguna organizacion nacional o internacional que beneficie a los accionistas. Sin embargo si hemos visto que usted se ha monetariamente beneficiado en algunas negociaciones en intercambio de tierras. Espero que usted como presidente de Medinah Minerals y Cerro Dorado de Chile cumpla con su deber que realmente es aumentar el valor de las acciones y proteger a sus accionistas. Este indicativo Senor Quijano no lo hemos visto en los ultimos doce anos. Queremos manifestarle que en el transcurso de los anos accionistas han fallecido, han perdido totalmente su estabilidad economica esperando los precios de las acciones de sus companias aumenten. Sin embargo usted ha decidido ignorar a los accionistas y sus familias. Ya es tiempo que usted cumpla con sus responsabilidades, ejecute lo que ha prometido por mas una decada y demuestre su integridad profesional. Una copia de esta carta sera enviada a su domicilio en Santiago de Chile.
Respetuosamente
Grupo de Accionistas de Medina Minerals
Two Months since the acceptable offer was received. Now what? If you like analogies, look at Falcon. It only took 2 years to satisfy the shareholders. How is that for AN EXAMPLE? Here we are 12 years later….I wonder what kind of excuse is going to be next for not doing anything at all with this company. Oh YEAH THE stock got pumped for a few weeks $400,000 DOLLARS TRADED PER DAY. UHHM WHERE IS THE MONEY? IN WHO’S POCKETS? This is JUNE of 2010 fellow shareholders. The guys in the know do not care because they have flipped this thing over and over and over for profits that un-suspected new investors have given Medinah. They all have fallen for the NON EXISTING SALES PEACH of Next Week or it is going to happen NOW. Anyone prove me wrong PLEASE with EVIDENCE NO BS.
Momo
There are a lot of things I share with you but there is got to be a line that one should not cross. I understand your frustration but to make accusations such as the ones you are making, you WILL NEED PROOF. If you do not have any, please do not make statements that you can not back up. If you DO have the evidence, then throw it out there and let us see it. I think before you go on a rampage contacting federal agencies, I suggest you wait to see what happens in the next couple of months.