Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
probably in six months it will be around a $1 or whenever they get drills result. this is good long-term investment but if you are not willing to wait then don't invest. just trade it.
So it could be more or less than $480M for the 15%? Who really knows? Just have to wait and find out. This deal seems real compare to the last one which was obviously too good to be true.
so total current value for MDMN is $180M + $300M(.15x2B)=$480M, goes up $$$$$$$$$$$$ with drilling.
Feb 10, 2012
OTC Disclosure & News Service
Las Vegas, NV -
SHAREHOLDER UPDATE
February 10, 2012
Dear Medinah Shareholders:
Medinah Minerals, Inc. (USA) is very pleased to report that they have been notified by Medinah Minerals (Chile) S.A. of the completion of a Purchase Agreement, among parties, for the sale of the entire Altos de Lipangue group of mineral properties located near Santiago, Chile.
The finalized Purchase Contract comprises an end price of $180 million USD dollars, for the purchase of an 85% ownership in the entire group of One Thousand Five Hundred Eight (1,508) minerals claims. The Altos de Lipangue owners retain a 15% “free-carried” interest in the properties and all production thereafter. Payments include an initial deposit followed by block remittances each 9 months over a 3-year period and a payout at the end of the 3rd year. Until payment is received in full, the purchasers do not earn any ownership interest in the properties. The purchasers may, at any time, complete the purchase of their 85% interest by way of making full payment of the $180 million, or remaining portion thereof.
The Purchase Contract includes the immediate commencement of an extensive exploration program, including a minimum of 18,000 meters of diamond drilling. The contract contains an additional variable component that could increase the end purchase price. At the conclusion of the development program, the gross metal values will be recalculated and, if this value exceeds the present base calculations of Two (2) billion dollars, the purchase price will be increased to the benefit of Medinah Minerals (Chile) S.A. owners. The goal of the purchasers is to prove up substantial ore tonnages beyond base amounts derived in all previous explorations.
All other material details that are not included in this release will be fully disclosed, including contract schedules thereto, when Medinah Minerals (Chile) S.A. is released from the Non-Disclosure aspects of the Purchase Agreement.
Señor Juan José Quijano Fernández
President/CEO
same old MDMN...they never fail to disappoint.
$1.70 or more next week.
GO MDMN!!!...hopefully next week.
news probably come out on monday?
I was listening to this psychic prediction for 2011 and he said the stock market is going to go way down, again. He also mentioned of this stock that is trading low right now and that company will announce something major or come out with something major, which will cause people to chase the pps up till $100. he didn't mention the company name.he just said some company...could it be MDMN?...because of short squeeze?
good job.
Once they have the JV money, why would they need to dilute anymore?
the O/S is around 700M shares but what is the actual float shares? aound 500M shares? TIA
Is JJ planing to move this to a higher exchange?
good point.
not for a mining company
dec. 14
i had a dream last night that mdmn pop to 28 cents...so i guess this jv is for real after all.
what is les price email? TIA
it depends on what is the JV $ amount. if it is $150M, then this going over a dollar, imo
dec 1
why so soon?
thank, that was informative. we should have announcement in December.
no, you don't...the A/S will be 10 Billion shares soon if they did that.
what conflict of interest?
bad news, why the pps drop?
JJ is an attorney. If he's doing all the work, then the legal fee shouldn't be that high?
so what did LP say?
this is painful.
did you tell management?
the O/S is around 700M shares, how much is that owned by JJ and insiders?
thanks for posting that.
Yeah, they need to document in the MOU that creditors include shareholders.
maybe you are not good at bitching?
i guess we will never see you again?
that is good news. thanks.
So tomorrow is the Big Day on the ruling on DIP?
what is 3.5 billion Leones in dollars?
you don't invest in pinkie stock, you trade them...i learn that the hard way with a bankruptcy stock i own now.