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Let me clarify. NI 43-101 reports are only applicable to Canadian issuers and in order for them to be valid they must be filed with and reviewed by Canadian regulators. US issuers should comply with IG 7. I should have used the term "review" instead of approve. Regardless, a report called NI 43-101 that is not filed with Canadian regulators is a cause for concern. The SEC and Canadian regulators make this abundantly clear. I won't rehash the conversation because I know you follow the "mining company research" board and I think you will agree that 1manband has done really good job of clarifying this issue.
The company is not a Canadian issuer and therefore the Canadian regulators will not/did not approve the NI 43-101. I would postulate that they weren't too happy that this company called the report an NI 43-101 report in the first place. This is a US issuer, they should have used IG 7.
Not sure if this was ever posted. MDMN severed ties with Johann Ulander which was the right thing to do. Even better, they never should have gotten into bed with this criminal in the first place.
http://www.scancomark.com/Market/Thousands-of-Swedish-pensioners-hit-with-manipulation-in-savings-163506102013
Screwing retirees. What a great ex-partner.
Complete hogwash.
The only thing NPER has going for it is that it didn't do anything blatantly fraudulent and therefore will most likely not be sued by the SEC.
NPER was never current. They have no SEC filings and no filings with OTCMarkets. Their Utah incorporation expired in 2002.
https://secure.utah.gov/bes/action/details?entity=661916-0142
If you think that Les and his band of flunkies are going to get this current so they can come off the greys and trade again, you need to temper your expectations. They haven't done it for 12 years, what makes you think they will get the company current in 2 weeks.
As much as you probably don't want to admit it, NPER is headed to the grey market where it will die a slow death. Face reality, your investment in little NPER is worthless.
That report was not approved by Canadian regulators.
LOL good old "Don" Quijano, the master Chilean lawyer with the never ending JV.
Here is the latest from MDMN.
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=1641935937
If placer deposits are a red flag, then this PR is scarlet.
I did see the episode with Todd Hoffman and his merry band of idiots. Shareholders actually thought people were going to see "Don" Quijano on TV sporting some MDMN gear and get all the fans to buy into the stinky pinky. Another epic fail in a long string of failures for that company.
Thanks for the tips. When I get back home I'll do some more research. What did you mean by a "don" property?
FYI, MDMN is mixed up in this property and just issued a PR extolling the virtues of placer deposits.
So we are most likely looking at another fraudulent report.
Yup. Another scam suspended and sent to the grey sheets. Kudos to the SEC. Shareholders will lose their investment. Aren't the pink sheets wonderful.
How can I find out if this NI 43-101 report was reviewed and approved by Canadian Regulators?
http://www.globalgoldcorp.com/docs/20071204Valdivia.pdf
I'm on the road with no access to a real computer.
The "few weeks" comment refers to this portion of the update:
Update out.
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=1641935937
It isn't the much anticipated JV update.
Documents were signed on 6 January 2014. It only took them a month to notify shareholders.
My favorite part
"As exciting as the Madre de Dios news is, we are nonetheless continuing to focus our daily efforts on doing everything appropriately possible to finalize and consummate a quality deal with a major joint venture partner with respect to the 1,573 Altos de Lipangue mining properties."
NPER will be suspended for 2 weeks (10 trading days). After the suspension is over, NPER will be relegated to the grey sheets. My prediction is that is will lose 90% of its current value in a month or so and then eventually die a slow death on the grey sheets. The volume will trickle off and the current shareholders will lose their entire investment. I have seen this happen countless times and I know from personal experience. Eventually NPER will be a no bid x 0.0001 stock with no volume. Another scam bites the dust.
255 companies!!! Way to go SEC!!!
This is very much on topic because it goes to the heart of the DD discussion that has been going on.
This was another interesting post:
It appears I have generated a bit of discussion with regards to my comments so allow me to opine. Due Diligence (DD) is all in the eye of the beholder. What qualifies as DD to one individual may be absolute hogwash to another based on their bias or their research (e.g. the video shot by Dr. Kleen). The supporters of MDMN hailed this as undeniable proof that the property not only existed but was chock full of gold and other metals. Some, like myself, took a more skeptical view. What if I told you that I showed that video to several geologists who have been working with mining companies for many years and their responses were not positive. I’d have to go back through my DD folder to find the actual comments but they weren’t flattering. Would you believe me? Most likely you wouldn’t and I wouldn’t expect you to. So why is it expected for me to believe anyone else’s DD and why is my DD any less valuable than that from MDMN supporters? Why can’t I post what I found without citing the source? I analyze all the inputs and then perform my own research to validate or invalidate them. If you don’t like what I find, that is your prerogative but it doesn’t change the fact that what I found will have an influence on my attitude towards MDMN. It probably should have an influence on your attitude as well but that ball is in your court. I would challenge you to question EVERYTHING you read on any forum and verify it for yourself. I think you will be pleasantly surprised at what you can learn with a few well placed emails and phone calls.
I don’t divulge my sources for several reasons. The first is to protect them from the inevitable flood of email/phone calls that they will be subjected to from anyone who disagrees with what they have told me. Why should I put them through that hell when all they are doing is providing their professional opinion based on questions I have asked them? As far as I am concerned, those are privileged conversations and I will only share them with those I trust. The second reason is that no one else reveals their sources; ergo, why should I. I’ve read posts from people who claim to have sources in Chile, Peru or any number of other countries but their identities are never revealed. If the supporters of MDMN won’t reveal their sources, then the skeptics should be afforded the same courtesy. Frankly I don’t expect them to reveal their sources for the same reasons that I have mentioned.
Do my posts “hurt” the stock? I don’t believe that I have the power to influence the price of a stock or someone’s investing decision. It is not logical to assume that my posts about a stock that no one knows about on a message board that is only frequented by the smallest segment of the investing public in any way impacts the value of a company. I would hope that my posts would encourage critical thinking and a desire to find the truth. I have made it perfectly clear that anyone can email me and we can have a discussion “offline” concerning what I know and what I don’t know. To date, very few people have taken me up on this offer. What I find most hurtful are the DD forums that stifle debate. I don’t mean they censor whining, I mean they stifle critical thinking. People love to hate iHub but it does a pretty good job of allowing BOTH sides of the issue to be framed. A good mix of moderators who follow the rules really allows for good debate. If you bring facts to the table and are open to having your facts scrutinized by fact-seekers and fact-checkers, iHub is an excellent forum. If you simply want to bring platitudes and wild assertions, then you will find iHub undesirable and you should probably go to a forum that is more akin to a sewing circle. The presence of HR is welcome here and in spite of the differences he may have with some posters, his input is valuable and provides another side to the MDMN story. There will always be riff-raff on both sides on an issue but I find most intelligent people can ignore the noise and focus on the actual facts.
Funny thing...he's been right so far. What makes you think he will be wrong this time around?
I don't divulge my sources.
MDMN shareholders won't believe a word I say anyway so why should I try to convince them of anything. To answer your question; it is possible to find actual DD, you just need to have the courage to ask the right questions and find the right people (and I don't mean company insiders).
Have a nice day.
I don't think anyone has a clue what is going on. I've been reading the "prepare for glory" and "boom" emails for many years and they have yet to come to fruition. Does it appear that today and tomorrow are the decisive days, yes but I'll only believe it when I see it.
I've recently done some DD and what I have found out doesn't give me a great deal of optimism that a deal is forthcoming.
I don't own shares and hence, I could care less what MDMN comes up with this go around. This is pure entertainment and a way to keep my research and networking skills sharp.
Did a quick search on Hoovers.com and came up with this:
http://www.hoovers.com/company-information/company-search.html?term=Medinah%20Minerals
Can anyone tell me what Medinah Minerals Inc is up in Vancouver BC? Here is their address on google maps:
https://maps.google.com/maps?q=255+1st+St+W+Suite+301,+Vancouver&hl=en&ll=49.314486,-123.084823&spn=0.002028,0.003479&sll=38.893596,-77.014576&sspn=0.438228,0.890579&t=h&hnear=255+1st+St+W+%23301,+North+Vancouver,+British+Columbia+V7M+1B4,+Canada&z=19
Kind of look like rundown appartments.
So I clicked on the entity in Las Vegas and came up with this:
http://www.hoovers.com/company-information/cs/company-profile.Medinah_Minerals.aaff137cee91d45b.html
https://maps.google.com/maps?q=3960+How+Hughes+Pkwy,+Las+Vegas&hl=en&ll=36.116626,-115.156953&spn=0.001259,0.001739&sll=49.314482,-123.084823&sspn=0.002033,0.003479&t=h&hq=3960+How+Hughes+Pkwy,&hnear=Las+Vegas,+Clark+County,+Nevada&fll=36.116626,-115.156953&fspn=0.001259,0.001739&z=20
The website and phone number are correct but the address is not. It appear that this address is actually an office building and not a vacant lot (the address on their website and OTC markets) as has been previously discussed.
http://www.otcmarkets.com/stock/MDMN/company-info
Context Mr. Dean. Let's avoid the cherry picking and include his TA discussion.
I'm assuming those companies on the LSE are also listed on the TSX which is why they would be able file a real NI 43-101. It isn't about the format, it is about the Canadian regulators approving the document.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94846316
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94846678
The above posts are part of a long discussion about this very issue.
Calling something a NI 43-101 when it isn't filed and approved with them is not something Canadian regulators take lightly.
Canadian regulators also get very annoyed as well. A report may not be called an NI 43-101 unless it is submitted to and approved by Canadian regulators. That is what makes it NI 43-101; the Canadian regulator scrutiny.
Please provide your top three reasons why you believe MDMN is a pile of fecal matter?
-88.75 1 yr % change. That is some stellar price appreciation.
http://data.cnbc.com/quotes/JBII
Now if MDMN goes from .05 to .09 in a couple days, maybe we can discuss the meaning of the word "stellar".
I don't have much time this morning but will respond to you regarding NI 43-101.
NI 43-101 is only applicable to Canadian issuers and requires the reports be filed with, and reviewed by, Canadian securities regulators. If the Company that claims to comply with NI 43-101 but is not a reporting issuer in Canada, and the report has not been filed with, and reviewed by Canadian securities regulators, the report is bogus and the claim is fraudulent.
Here is a great post that sums this up.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=94845302
I think this part is particularly applicable:
The BCSC recommends that investors in B.C. exercise extreme caution when dealing with any company that purports to release a NI 43-101 technical report, but does not file the report with a securities regulator in Canada
All credit goes to 1manband.
I'm running into the NI 43-101 standard issue.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96194240
Please comment on the above post. I know you went over this and as soon as I get some time I will dig up all your posts and compile them.
Here is where they mentioned "reserves".
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=59188544
Here is where they mentioned the NI 43-101 as a "international standard" canard. NI 43-101 is Canadian law, not some sort of standard any random mining company can comply with.
http://www.otcmarkets.com/otciq/ajax/showNewsReleaseDocumentById.pdf?id=716427795
And here is NI 43-101 just in case anyone wants to read the 44 page LAW.
http://www.ccpg.ca/profprac/en/Documents/ni_20110624_43-101_mineral-projects.pdf
Have a good evening.
Thank you.
LOL you must be my designated iHub stalker. Too predictable.
I'm researching your contentions. I'll get back to you in the MDMN board so you don't have to stalk me over here.
1MB can you please comment on this post?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=96125862
He contends that non-SEC filers do not have to comply with Industry Guide 7. Can you shed some light on his claim?
Another Medinah-related tweet.
@1kmn1: If things go as said we should have a ADL announcement later this month. Lots of good rumors some a little optimistic on timing
Don't worry Beth, all those "major miners" and "huge investors" who follow the mining play twitter feed religiously will soon be buying boatloads of MDMN shares as they "speculate" on an impending deal with a major miner.
Who knows, maybe Jim Cramer will feature MDMN prominently during his next quasi-insane diatribe.
Come on Janice, you know dentists make the best junior mining analysts ;)
Here is the map for the Quail Ridge Rd address
https://maps.google.com/maps?q=3888+QUAIL+RIDGE+RD+LAFAYETTE+CA+94549-2912&hl=en&ll=37.899085,-122.139902&spn=0.002155,0.002612&sll=39.061309,-76.694739&sspn=0.191938,0.334396&t=h&hnear=3888+Quail+Ridge+Rd,+Lafayette,+California+94549&z=19
Here is some information from Contra Costa County
http://gismap.ccmap.us/imf/imf.jsp?site=ccmap&qlyr=Parcel&qry=SITUS_STREET_NAME%3D%27QUAIL%20RIDGE%27%20AND%20SITUS_NBR%3D3888%20AND%20SITUS_CITY_CODE_DESC%3D%27LAFAYETTE%27&qhlt=true&qzoom=true&qsel=true&qbuf=100
Nice digs on Zillow
http://www.zillow.com/homes/3888-QUAIL-RIDGE-RD,-LAFAYETTE_rb/
MDMN doesn't have to issue as many shares to pay for his trips if they just hook up the RV to the city water, sewer and electricity. Altruistic penny stock CEOs are very rare but I'm sure the shareholders appreciate his selfless sacrifice when he comes to Las Vegas on critically imminent multi-step JV finalization closing business.
I wonder if JJ likes the rustic accommodations?
I'm quite certain this is where Sasquatch camps when he is in Las Vegas on important MDMN business.
I'm sure there is a very legitimate reason for a publicly traded company to have a vacant lot as their corporate HQ. Les can probably park his RV there when he comes to visit.
I don't think it would hurt.
Maybe they can do some exploration on the vacant lot that holds their corporate HQ. I bet they find some gold there or maybe some aluminum they can recycle.
https://maps.google.com/maps?q=2030+Bannie+Ave,+Las+Vegas,+NV+89102&hl=en&ll=36.154821,-115.170343&spn=0.002205,0.002612&sll=39.061309,-76.694739&sspn=0.198336,0.21904&oq=2030+Bannie+Ave.+Las+Vegas,+NV+89102&hnear=2030+Bannie+Ave,+Las+Vegas,+Nevada+89102&t=h&z=19
http://www.otcmarkets.com/stock/MDMN/company-info
Is it time to break out the dowsing rods yet?