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I hear the "London Group" is buying a lot of shares lol
LOL excellent point - Auryn and the insiders are most likely doing all the selling.
I think Auryn held 150 million shares. Wait, you don't believe that the billionaire Letts family is funding this whole operation? Why does Auryn need to sell shares if theyhave billions to work with?
Yeah I'd raise the BS flag really high on that one. Absolutely no financial planner who wants to stay in business would ever buy pink sheet garbage stocks like MDMN let alone 2 million shares. Any planner worth his salt would explain to you the stupidity of buying junk and probably refer you to a psychologist.
I can't post it right now, might later, but MG wrote a fantastic post about why Auryn sucks.
There have been wild price predictions throughout the years. None of them seem to ever come true. I can't imagine that this time will be any different. The current price decline on volume does reassure me that there is good news in the future. In fact, it tells me the direct opposite - that insiders and other miscreants are fleeing this like rats from a sinking ship. I'm loathe to predict prices especially in the heavily manipulated pink sheet market, but the current trend doesn't instill confidence and points to a continued slide.
Bradley needed a new pair of shoes. What a scam.
I was being facetious. I agree with you - as inept as these chuckleheads are, they aren't stupid.
I'm wonder if that "share cap" was just another lie to placate shareholders.
It has been amateur hour for the better part of 2 decades with this company and quite frankly, it shows no signs of stopping. There is a new entity in the works called Auryn. Die hard shareholders believe this is the savior of MDMN that will finally monetize the mountain and bring riches to the faithful. I'm not holding my breath. I also don't see Les Price and his band of toadies giving up any sort of control over MDMN. It has been a piggy bank for years, why stop fleecing shareholders now? A leopard doesn't change his spots and Les Price, the defrocked Canadian securities broker, won't change his ways.
NI 43-101 is a standard applicable to an issuer in Canada not someone who wants to become an issuer in Canada.
http://web.cim.org/standards/documents/Block484_Doc111.pdf
I suggest reading Part 4.
Here are the requirements to list on the TSX.
http://tmx.complinet.com/en/display/display_main.html?rbid=2072&element_id=29
Notice it says nothing about filing a NI 43-101 because that only happens once you are actually listed which is why the first link consistently uses the term "issuer" to define the company. They wouldn't use the term "issuer" if the company was planning on listing. A NI 43-101 ONLY applies to listed companies, not those who plan to list. The reason is obvious - curtail fraud.
I also find this part of the webage interesting:
You are 100% incorrect. It is not a "way to present information", it is a standard that must be approved by Canadian regulators. Please do some research on NI 43-101 and you will find I am correct.
Yes it is unless they are a Canadian issuer. MDMN is not, ergo it is fraud. NI 43-101 is not a format, it is a standard for Canadian companies and must be approved by Canadian regulators. This is the last I'll say on this topic as it has been discussed on multiple boards.
I'm glad you support fraud because that is what it amounts to. NI 43-101 for a non-Canadian issuer is a huge red flag. Always has been, always will be.
Cathy Hume is the CEO of CHF Investor Relations. Why was her name attached to the presentation? Seems like she would have put the contact information of one of her lackeys on the presentation to avoid being inundated with most likely hundreds of emails from MDMN shareholders.
I like your optimism. So why not just come out and say they are looking at an entity that is or may be listed on the TSX? Good grief, why open themselves up to scrutiny when they don't have to unless the use of NI 43-101 is in the deck to purposely try and dupe naive investors who don't understand Canadian standards and when they may or may not be used. Stuff like this baffles me...oh wait, no it doesn't because I'm dealing with a stinky pinky run by larcenous Les and his band of flunkies.
Well mentioning trying to get an NI 43-101 report on slide 15 is a huge red flag since they are not a Canadian listed company.
http://www.otcmarkets.com/companyPresentationViewer?cmdId=900
Slide 15 - MDMN is looking at getting a IG7 and/or NI 43-101 Technical Report in in the beginning of 2016.
I guess they didn't learn from HR's attempt to educate them.
I won't hold my breath while waiting for a mea culpa from MDMN. They still belong on the list.
It appears that IR has done their job and confirmed what sane people have been postulating. This should come as some comfort to investors since the lying Les Price has now been totally discredited. If in fact, Auryn is a legit company and they are controlling MDMN going forward, then the MDMN faithful should rejoice because thing are actually in good hands. Now, Auryn could be a bunch of fraudsters but at least we know and it has now been proven that Les is an unreliable liar, cheat, scammer, and fraudster. As if there was any doubt.
So for 21 years he's been trying new ideas that haven't worked out? Yikes, why are you attached to this guy? He sounds like a colossal failure (much like PNTV). He keeps coming up with new ideas that don't work but seems to enjoy selling shares and apparently will sell a lot more give the doubling of the AS. Failure, scam...pick a word but it's dead money regardless.
But the price is falling...I fail to see the joy in this. MDMN could go sub-penny soon, does that mean you will throw a huge party and if so, am I invited?
It's a scam but I'll never change anyone's mind. In five years this company will have gone nowhere and we'll still have a difference of opinion. Keep believing - I've spoken with Mark and was not impressed. He hasn't done a thing in 8 years (that was when I listened to his champagne wishes and caviar dreams speech) except drive the stock price into the crapper. You will lose in this investment, guaranteed.
Are you serious? Bring on sub 2s...how does this make any sense? The object of investing is to buy a company and make money as the stock appreciates in value. I find it hard to be excited about a decreasing share price when folks are trying to make money. Using this logic, we should just value each share at .0001 and get it over with.
It does not appear that MDMN is on the road to recovery. With that being said, the IR folks in Canada did email me back and said that they are getting a presentation ready that they hope to have approved shortly. Maybe that will shed some light on what is going on. I think it's coming out "next week".
Then MDMN should be on the list. The company they are affiliated with has stated they are pursuing a NI 43-101 even though neither company is listed in Canada.
Good to hear from you - I'm at the same email address if you want to drop me a line.
As for this pathetic excuse for a company, it's headed to the trips for sure just like everyone of Monk's scams. It doesn't take a genius to see that this is just another insider enrichment share selling scheme.
They just changed it. The initial figure was 3,200,000 but it has since been changed.
Looks like my email to the company worked.
Hey look, they made it to the client page.
http://www.chfir.com/profil-client/?numco=57
They got the outstanding shares way wrong. I wonder if MDMN management lied to them or if the firm doesn't care unless they get paid and therefore exercised no DD. I bet it's a little of both.
Is it worth listing the companies who claim that they (or some entity affiliated with them) will eventually attain a NI43-101? I can think of a few who tout their goal of obtaining such a report but never actually do.
This scam is still hanging around. What a joke. I remember talking to Bradley nearly 7 years ago when Monk was pumping this refuse. Same song and dance...it never ends with these CEOs. They fleece the shareholders by giving them dreams of wealth all the while sucking as much money as possible from the gullible. This is headed to the trip zeros soon and then to the dump where all penny stocks go to die.
Nice to hear someone saw through shady management and their shenanigans. Unfortunately there are too many others who continue to convince people that this is the investment of a lifetime. The lack of comms is eerily similar to times before similar deals fell apart. I'm not predicting that Auryn will walk but given MDMN's track record with partners, it wouldn't surprise me in the least.
FYI, Les Price's email address is torad@shawbiz.ca
I highly doubt he'll answer any questions from those he doesn't know.
14 of the last 50 posts were removed because they were personal attacks or off topic. I'm not going to say this again, if everyone can't be civil and stay on topic, admin will be notified and I suspect bans will be handed down. This is the last warning - clean it up, I've had enough.
PSA #2
Do not post about another poster - your post will be removed.
Do not insult a poster's education, upbringing, or fantasy life - your post will be removed.
Do not post about your post being deleted - your post will be removed.
Please adhere to the rules or admin will be notified and bans will be handed down. This board must remain solely about MDMN. Anyone publicly affiliated with the company is on topic; other posters on this board are not on topic. Posters on other boards are not on topic unless the company publicly uses their material and attributes it to them. This isn't hard folks, we're all adults - lets keep it civil.
That is all.
Thanks.
Here is some information regarding all the various standards.
Industry Guide 7: http://web.cim.org/standards/documents/Block474_Doc32.pdf
NI-43-101: https://www.bcsc.bc.ca/Securities_Law/Policies/Policy4/PDF/43-101__NI__June_24__2011/
JORC: http://www.jorc.org/docs/JORC_code_2012.pdf
PERC: http://www.vmine.net/PERC/documents/PERC_REPORTING_STANDARD_2013_rev2.pdf
MDMN can do whatever they want but calling any report a NI 43-101 report is fraudulent. They are not a Canadian issuer. For a NI 43-101 report to be legitimate, it must be approved by Canadian regulators. The only reason that they would look at a NI 43-101 report from MDMN would be to report it to the SEC. The Bre-X scandal was a wake up call for them and they are very protective of their standards. If MDMN wants to roll the dice and play with the Canadian regulators, it's their funeral.
There is no such thing as a NI 43-101 equivalent. A NI 43-101 is reviewed by Canadian regulators. If it isn't, it's not a NI 43-101. MDMN/Auryn specifically mentioned aNI 43-101; either they lied or they have no clue what they are talking about when it comes to mining. Moving at the speed of a long con, not business.
NI 43-101does not apply to MDMN. For them to claim they will produce such a report is a huge red flag and speaks to the fraudulent way this company conducts business. Spare me the "format" BS, that horse was beaten to a bloody pulp many moons ago. I hope MDMN starts ranting about a NI 43-101; hopefully the Canadian regulators will notice, contact the SEC, and get this poor excuse of a company shut down.
The only strategic plan MDMN has ever had is mining shareholder pockets for money to fund a lavish lifestyle for the BOD and insiders. Les will never change his spots; he's too old and this scam has been too good to him.
Ok folks, time for a brief PSA.
Les spreads all manner of rumors, speculations, and outright lies through several spokespeople. I'd venture to guess that most of the information you are looking for is contained in the missives from Les. He's been doing this type of quasi-promotion for years; feeding eager shareholders a steady diet of BS and hope. It never materialized which is why most of it never gets posted on message boards. If it did - les would be exposed for the fraudster and con man that he is and gullible shareholders would be forced to admit they were duped. Better to dodge questions and obfuscate - it's easier and there is always another lie to cling to. Did you see that Amarant is back...their website is up and running and still mentions the ADL. That should be fun.
Might put the final nail in the coffin if we got that low. Something or someone is keeping this turd above 2.5 cents. It appears that regardless of the shares that are being dumped (best guess is Les and his lackeys), they are being absorbed. I doubt it is retail but you never know given the cult following this stock has. Personally think it is the "London Group" lol