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Sounds like a good research project now that the episode has aired. Good thing Discovery HQ is very close to where I live, maybe I'll pay them a visit.
Maybe the company will be kind enough to let us know what JJ has done in his 37 years of mining. I'm sure that's covered by a NDA so I'm not holding my breath.
JJ "Don" Quijano said that in 1986 they drilled some holes on the property that he was showing the Hoffman's. I guess since the place was still a barren wasteland 27 years later, my guess is they didn't find anything. That's an inconvenient fact he forgot to tell the Hoffman's.
I think they were calling him "Don" because they really believe he is Don Quixote. After all, it certainly appears he has been tilting at windmills for the last 37 years.
Interesting factoid, the main character in the novel is named Alonso Quijano...how's that for irony.
If the $180 million number was in fact a reference to the Amarant deal that was lost in translation, then it is reasonable to assume that in 37 years of mining, JJ hasn't pulled a dime out of the ground. I guess it's par for the course, in 24 years of "mining", MDMN hasn't pulled a dime out either. If he had made any money in his 37 years of mining, I'm sure the $180 million number would have been much higher. It also points out that JJ was willing to use a yet unconsummated deal with a shady partner as a way to prove to the Discovery Channel that he was a "player" in the Chilean mining industry. I find that disingenuous at best and outright fraud at worst.
Good point. Like I said, something doesn't add up and I think shareholders are owed an explanation.
It shouldn't be too hard to give us the names of his other mines or where they are located. I assume he has a spreadsheet or some sort of documentation.
I'm sure JJ was thrilled to be on the Discovery Channel.
As for his other ventures, who knows. We know he has LDM and ADL but that means there are 298 more out there. Would be nice to know where those are and if they are producing. The official MDMN website doesn't mention the $180 million he's pulled out of the ground. I've never heard another shareholder mention this figure. Given the dilution MDMN engages in, it seems like JJ is being stingy.
I do know that JJ has been rumored to be covering all the taxes and fees for the ADL and LDM as well as the other disparate mining claims he apparently owns. That is probably not cheap but if he's pulling millions out of the ground, seems like he would have ample funds to cover them.
Something isn't adding up here. I'd like an explanation.
My theory is that JJ dropped the $180 million number to Discovery because the show was filmed back when Amarant was still going to pay $180 million for ADL. If I'm incorrect, I'd sure like to know what JJ did with the money. I'd also like to see a picture or two of some of his 300 other mines.
Milked is "ordeñadas" in Spanish...mined is "minado"
Catch a rerun, you will be entertained. Here are the cliff notes:
1. JJ showed up in the middle of the desert in a helicopter
2. JJ took the Hoffman's to a remote beach and told them there was $6 billion in gold
3. JJ strands the Hoffman's on aforementioned beach
4. Hoffmans build a wash plant on the beach. (What they should have done was build it in town and trucked it out there with all the heavy equipment but that wouldn't have been as dramatic)
5. Hoffman's dig 6 holes and run dirt
6. Hoffman's find $1/yard dirt
7. MDMN is never mentioned
8. None of JJ's operation/mines are ever filmed (note: everywhere else the Hoffman's went, they got to see mines in action)
Final thought, the show said that "Don Quijano" (I assume that JJ wanted to be called Don) had been mining for 37 years, had 300 mines and had extracted over 180 million in gold. Now why doesn't he share any of that with MDMN? Why does MDMN continue to operate on a "shoestring" budget?
I get that the show is entertainment but I think JJ has some explaining to do.
Something tells me they won't be going back to mine his properties. Wouldn't it have been much easier to take Todd to LDM or ADL? They are 30 miles outside of Santiago. But I'm sure the 20 million shares diluted for the $1/yard property was well worth it to shareholders of MDMN.
They did make it back to Home Depot. Maybe Les or Greg swung by and gave them a ride. If I had to guess, it was Sasquatch, hence the NDA.
The helicopter was over the top and very pretentious. But it to Todd all ga-ga so it had the desired effect. Obviously the $6 billion in gold didn't.
I guess it's back to the Klondike then. It sure was great entertainment.
I'm sure there was an NDA in place which is why we didn't see how the Hoffman's got off the beach.
Chile was a "dead end"...I wonder where they go next. And even his dad used the evil "naysayer" word.
I wonder why they didn't show any of JJ's 300 mines? They always show all the other operations.
I think they left the wash plant on the beach. That's $2000 which means MDMN has cash to pay a $0.000002/share dividend if they sell it to the next band of morons trying to mine in the middle of the desert.
Well I guess at a $1 a yard, they need to move 6 billion yards.
So much for JJ.
How come "Don" only have them three days? Doesn't seem like anyone else is out there.
I didn't hear him mention MDMN. I wonder which one of his companies produces all the gold and where his 300 mines are located. With all that money, why does MDMN have to dilute to pay the bills and why are they on a "shoestring" budget?
So they said he has been mining for 37 years and produced 180 million in gold from over 300 mines. Why hasn't he shared some of the love with MDMN?
If they think they can get something, then they may pursue some legal action but I think the MDMN is probably ok on this one. Only time will tell. How about we revisit the issue in 6 months or so and see what is happening.
Come on, Gold Rush is on tonight and I think we will get to see JJ and maybe find out what Todd (the idiot miner) thinks about his claims. Should be a fun show full of morons.
How do we know that there is even going to be a court fight? Amarant/Ulander are all but broke. I can't imagine that they can hire any sort of reputable and competent legal representation given the shady character of both aforementioned entities. Couple that with the fact that you are talking about a legal battle involving 3 different countries and I'd say the odds are fairly slim that Amarant will put up much of a fight. Regardless of what Amarant claims in their website, I think MDMN is most likely going to get out of this failed deal unscathed. The only way that MDMN may face legal issues is if some deep pocketed bond holders feel they have a case for extracting money out if Amarant via their claimed ownership of the ADL site. IMO, Amarant was just the European version of a pink stinker; there is nothing there except massive dilution and a mountain of debt and broken dreams. The bond holders are most likely going to do what most US pink stinker investors do, bend over and take it - BOHICA (Bend Over, Here It Comes Again) They may blame it on shorty to, I hear he summers in Sweden.
Here is the answer to your question:
Shorty Conspiracy Theory + Zero Due Diligence + Affinity Scam + lots and lots of lies + lots and lots of gullibility + Dreams of Riches = Financial Cult Leader.
Throw in a dash of PhD and a pinch of USN submarine officer to complete the recipe.
Funny thing is, many of those duped by him are right in are right back in pink stinkers. You can't fix stupid but you sure as hell can scam it.
Mine was signed by Jerry Williams. For some reason it bounced.
Jerry is getting hounded by the SEC. They have filed a civil suit against him. He won't be escaping the long arm of the law. The SEC is slow but they are thorough.
As for Nazir, I haven't heard a thing about him. IMO, he turned states evidence and sang like a canary. I'm guessing he is one of the reasons the SEC has so much on Jerry but since I am not privy to the investigation, it's all just a WAG.
I like to verify. Makes me sleep well at night.
So you are telling me that when I email the transfer agent and ask for the share structure and they refer me to MDMN, they aren't doing the same to you?
That doesn't seem very fair at all.
So when you asked for the share structure, exactly what did they tell you?
The canned response to your question by those who believe MDMN has the goods is: "if you don't believe the company or management, you shouldn't be invested in the stock".
I'd venture to guess that those who think MDMN is a scam are not invested in the stock. I think they simply want to ensure that people don't invest their hard earned money into MDMN. Altruism isn't dead but sometimes it appears common sense is.
For the umpteenth time they WILL NOT give you the share structure is when you call them. By they I mean the TA. They will refer you to the issuer (MDMN) which means the company has not authorized the TA to provide the share structure to interested people...the TA is gagged.
In simple terms:
If the TA can't release the share structure when you ask for it, that means they are "gagged" by the company. Therefore, there is no way to independently verify if the share structure provided by the company is legit.
Do you understand now?
Is there some sort of canned script that these idiot CEOs and the true believers use to communicate? I swear I've read something eerily familiar on half a dozen pink stinker boards. Do any of these people have an original thought? I see shorty is up to his old tricks on MDIN. You'd think he would want to carry such a massive short position on so many stocks.
That would be a start or maybe ungagging the TA would allow everyone to know exactly what the share structure is.
With regards to shares outstanding, who is correct?
OTC Markets at 932M
http://www.otcmarkets.com/stock/MDMN/company-info
Or Bloomberg at 711M
http://www.otcmarkets.com/stock/MDMN/company-info
MDMN has had plans "underway" for 24 years.
...and end of day paintbrushes. Good grief.
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I thought this part of the article was particularly applicable.
I'm sure this part of his résumé will:
Maybe no reputable person in the mining industry wanted to be associated with MDMN. This gentleman is fluent in Spanish and Portuguese so maybe he can decipher what JJ is saying and/or thinking.
1MB, take a good read of this nonsense. This is coming from a guy who is the "shareholder expert" in geology and mining.
Thoughts?
Shorty got blamed, again.
I hear he's short somewhere north of 2 billion MDMN shares or some such nonsense.
The personal attack was removed.
You asked about the SEC, I gave you an answer that related to MDMN.
Read this PR prior to the 27 June one. They used the term "reserves", twice. Not a wise move given that they can be held accountable to IG7.
The problem is that MDMN doesn't even know if they actually have "low hanging fruit". They haven't even released credible assay results so how do they know that anything they are shipping to Til Til is economically viable. It appears that JJ is taking a shot in the dark and hoping he hits it big. Why haven't they done a decent set of assays that can be verified prior to commencing shipments? They certainly have had ample time, that ore pile has been sitting for well over a year.
The SEC may want to speak with MDMN given their recent use of the term "reserves" in their latest PR. IG7 is very specific as to when this term can be used and MDMN met none of the criteria.
Proving MDMN's pile of dirt to economically viable would take a feasibility study. That's reality no matter how many piles of ore they ship to the plant at Til Til. Until they prove the property via an industry accepted study, all JJ and his band of miners are doing is gambling on 18 holes drilled many moons ago. Show the mining world a credible sampling program and maybe they'll take notice. What are the odds we ever find out who these 6 suitors are? I'd guess about as good as the odds we find out who partner A was.
So flaunting the regulators is ok if you only do it once. Twice is where you draw the line. Got it.
Of course we don't know if any of that "ore" has anything in it because we don't have a credible sampling program to refer to. But I'm fairly certain MDMN will show cash flow on their next balance sheet from these shipments regardless. Since their financials are unaudited, there is no way to verify any of the cash flow numbers.