My opinion only:
We have one offer which is good (positive). The offer is to purchase Medinah not a JV which is why no news yet. A purchase can be good or bad. I would prefer the JV for longer term profits.
Shareholder Update – March 18, 2010
Chile Report
The traveling Medinah representatives have now returned to USA soil after a 24-hour debacle of cancellations and rescheduling dilemmas. Finally, the trip can be categorized as rewarding in that a much better comprehension of Medinah’s overall potential was determined.
From the offer they now have a good idea of selling price.
I think one and one half to two and one half times current share price. Why that range, its what has been offered lately for other buyouts. look it up dd. I think it should be ten times the current share price.
As our Medinah shareholders know, the last few years have been a time of extreme financial stress for families and businesses. Each of us has had to face an unbelievable period of uncertainty and trepidation for the future of our financial well being. Medinah Minerals, Inc., as a Company trying to do business in this most difficult time, with minimal resources, has endured during waves of business failures and closures by even the giants of industries. Every obstacle thrown in Medinah’s path has been met with resolve, but make no mistake, “it has been beyond difficult.” We have continued to entertain every prospect and possibility with fervor, but have been unable to finalize a deal through the latest month of February 2010.
He is definitely warning that our choices are limited and time is running out.
They are holding off as long as they can for additional offers (they want the JV offer)
There must be companies out there that have expressed interest.
Each of the other potential Joint Venture Agreement partners was admonished to complete their delineated offer sheets for our review and assessment of content as soon as possible, with the understanding that there is no business normalcy occurring in Chile at this time.
Management and the Board of Directors will rapidly entertain, assess and review the remaining offers when received. Comparison with the “received offer sheet financing agreement” and the reality as to the best-case prospects for the future of Medinah will be decided and acted upon as quickly as humanly possible.
It just sounds to me like he is trying to prepare us if the other offers do not show.
What ever happens I think the price will go up when any deal is released.
Good luck to all
The wait will soon be over huge profits coming our way.
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