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Okay I am 9 time zones behind.....What does CC stand for? I know it is something simple and I will hate myself for asking but my mind is a blank.
Geoly, I thought you were going to get off the internet for 2 weeks? I should have known better. LOL I made the call waithing for a return.
Geoly, your eloquence is a thing of beauty......Keep talking dude I love it. LOL
KMN, well said and I think it makes everyone realize just how miserably the companies have failed in keeping their shareholders informed. I would also like to know if anyone else has heard that there was no way the Hochschild offer was ever going to be accepted because Hoch wasn't going to mine the whole property. And if that is the case and this is now so big we need multiple companies to mine I like the idea. I am tired of the delay and ready to move on but I will wait for the grand finale.
Holein1, He made that statement at the AGM. And I have heard there are some in the know who wish he hadn't because now the expectation is to LOW. Many feel the stock is worth much more.
Geoly call me.
Hand, did you really say "Getting everyone all worked up does no one any good."? I for one am proud of you. You get bent out of shape while we go along peacefully and cheery rooting for MDMN and now we get out of shape and you are preaching peace and love and happiness......I have this very large grin on my face just picturing this.
wmo
Geoly, Go to the tables and bet laviously like you had money. I am going to NY and spend or rather my wife is going to spend like I have money. I was told yesterday by the secretary there would be no update from MDMN. I am therefore thinking more to come the first of next week as Kevin is saying. Let's hope Les and JJ can get this done. All I do is get more broke......and more broke.....LOL
I have plenty of shares. And since I am going to win the bet who cares?
To the metallurgist....I am not sure what you are talking about with Geoly. Let me know and I will try to answer.
That MDMN will announce a JV with a major mining partner prior to the 4th of July.
Ernomad you are on. 4 July and $3000. Bring your money to the agm. I will be there unless I am out of the country. In which case my money will be there unless of course I win. Then I will just give you my hotel bill.
Well Rich, the only problem with your idea of DD is either you have been to Chile and seen the property, snooped around and talked to the locals, scoured the property tax books and found out ownership and done a lenghty study of the history of the mining industry and this particular property or....
Scoured the internet looking for information pro and con about what is happening and decided the potential out weighs the risk. Or....
Know someone on the BOD of one or both of these companies who is while not actually giving you info is providing you with enough to keep you interested. Or....
Done all of the above.
I agree with you that this has a huge potential upside. We all do that is mainly why most of us are so frustrated. I also agree this is going to take some time. All of the things you mentioned are correct.
The problem comes down to one of honesty and integrity. Tell us one thing and do the other. Say this to one person and something else to another. Put out a PR saying more info and explainations to follow and not follow up. Be under a NDA but let out a little here and a little there.
The JV partners are either interested or they aren't. Sumi, supposedly has been on the property since Feb. 06. That would be 17 months. There are others lined up to buy in. Les speak is one thing, then another.
Like the man said, "Time to light this candle". BS is not going to cut it. There is information that the companies can release they just won't.
While I won't short circuit your investment some of us have huge money in this. And the only thing we see is more BS.
The frustration level only grows cecause either Les says something and then says something else or the companies say something and don't follow up.
And the real qustion is how long do you wait?
Yes Geoly you are in my group. We seem to be attached at the hip....LOL. Why didn't hand take my offer? It's only 3 grand.
Hand, I will make it even easier. $3000..... deal done by the 30th of June I win. If not you win. Put up or stfu!!!!!!
Metalurgist, I apologize for not answering you sooner, I just saw your message to me. I was just told today that there are 169 million shares of CDCH outstanding and they are preparing to retire 30 million of those form a previous deal either gone bad or gone in the toilet. I have found no evidence that there are more than the originally posted 499 million shares of MDMN. Anybody who has better info than me please feel free to correct me.
I agree totally. I also agree with you that Sumi took their own sweet time getting this done. Now either close it or move on. I am also sure like you that Sumi wouldn't be here if the rewards weren't well worth the wait. I just want my rewards.
Well I don't know about the rest of you but I want this done. I am tired, broke and am ready for something to happen. Somebody give me hope. Somebody give me answers.
Because the 200 million shares in Cerro are too closely held. Why sell at 7 or 8 cents when the deal is coming or you at least think the deal is coming?
Do you know anyone who is selling Medinah? I don't. I know a lot of people who are buying. I stand corrected I do know of 2 people who sold some Medinah to pay bills but that was last week. And no where near the volume we have had the last 5 days. By the way did you know that MMs were shorting as many as 15000 differnt stocks? Fascinating.
NObody is selling...That is all shorting.
Geoly, was I the buddy you were talking about? You mean we are friends? Buds? Pals? Thanks Geoly.....Oh and I finished buying this morning.
Actually the float is about 2.5 to 1 mdmn to cdch with I have heard about 100 million shares shorted on cdch. I have heard much larger short numbers for mdmn. Will be interesting to see how Les and the cdch board move to get the shorts out.
Rich, I didn't say they were as stressed as the shareholders. I just said they were tired. Don't put words in my mouth. I can do that by myself.
I got the impression they will move forward wwtih the next group. But it shouln;t be that much to do as I said they have already given them the same info that Sumi got so maybe we can get htis done sooner.
Had a great conversation with Les yesterday. Asked him several questions and got very honest answers.
Is there any more information that Sumi could ask for? His answer was nothing. They have it all.
Have you given the same info to the other group? As a courtesy yes we have.
Are you getting tired of putting this off and how much longer are you going to let them continue? Yes we are very tired and we will probably give them until the end of this week.
We then had a very good discussion about the value of the property, how Medinah had not done a very good job letting the share holders and the mining community know how valuable the property is and how they hope to correct that.
We talked some about the other group involved and some others who have come to the table late. I get the impression that he is very tired and wants this done. I think it is going to be soon.
I think the answer Geoly got is going to apply for the very short term. Everyone I have talked with thinks that once the mining really starts and Sumi realizes the full potential of what is in the ground they will not continue to pay Medinah for the rights to mine, they will buy the companies outright and take all the profits for themselves. At least that's what I am planning on.....
Thank you Delphi. It's nice to be recognized and maybe ever agreed with. I just want this over.........
Do I read this right or am I the only one who noticed the way this is written...."The due diligence completed by the negotiating parties provides them with a complete insight into the company, its management, its associates, and all necessary data pertinent to their potential acquisition."
This is not about mining the property or is it? Or is this about what is really written down? Is this Les speak or the truth? Is "acquisition" an acquisition or the right to mine the property? Hum, inquiring minds want to know.....
So....anybody hearing anything? This is supposed to be the week.....YooHoo...Anybody?
Heck, Brent if I knew how I would......
And actually, Brent, when this thing goes off and the numbers start going way up you can bet the SEC is going to be all over this. I agree with you there has been no insider trading but they are going to look, oh my, how they are going to look.
EAT, YOU DA'MAN!!!!!! Some of you guys are too smart for your own good.
Oh and Dave, how come you and KMT never send me any love any more? LOL If I didn't hear thru the grapevine I would think you don't love me.
Or maybe the people close to the deal already have enough. I am not even close to the deal and would buy more if I could but I am all in.
And the rest is called insider trading. While I do not think that is going on I would be willing to bet you a ton that the SEC which probalby hasn't been watching real close will be watching big time when a deal is announced.
I would bet that the company that doesn't get the deal will be buying just to cover their rears. If you're willing to bet millions to mine the ground why not bet thousands to make a huge profit?
Geez Dave,
I wish we had some updates that would give us some decent ideas just about what is going on not what is necessary for investing. I didn't invest based on what the companies have posted on their web sites or official info that they put out. There isn't any. I invested on info gathered from individuals who have either been in this stock for years or a year who had good solid info from others. If you are telling me there is enough info out there produced by the 2 compnaies involved to get you to invest in this stock....well let's just say you would have to be brain dead to do that.
That however doesn't relieve the BOD's from the obligation to provide some kind of timely, accurate, factual information for thier share holders or potential shareholders. I have two pretty good reasons on my own for being here. And I have added others over the last year. None of them are due to the poor performance and unprofessional behavior of the members of the BOD's of either of these companies.
As for Jim Robertson....nice man....knows less than I do.
Dave,
No offense, but you need to inform whoever needs to know that the fan has been turned on and some of us are getting ready to throw the poo....enough is enough. Once again we are back to the integrity issue and I am not seeing a whole lot of it anywhere from anyone.
Bastin, I haven't heard feather or whole chicken in a while!!!LOL. It of course is personal, but I find the whole chicken to more satisfying. But like small sheep Chicken lie...or is it cackle?
Geoly, in culinary delights, do you prefer the whole chicken or just the feather.
By the way I don't think Jack knows jack or jack chit. Teh wood work is now open and every swinging Richard in the world is coming out.
wmo767
Bastin, the little one the left lies!!!!!!!!ROFLMAO
Why not?
So Dave, how is everybody at CDCH feeling with all the delays?
This is incredibly frustrating for all of us. Any end in sight?
wmo