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After studying the geologic reports for over a year, I am satisfied that there is indeed a commercially viable deposit in this district. The Alto is close to Marga Marga province which was historically a rich mining area and this proximity also gives us a clue.
The LDM is reported to have a high-grade gold, copper, and silver skarn. It is now being actively mined.
See H.R.s work in the box above and his many posts. That is probably all you need.
As with all pinks, don't invest too heavily. I put in 3% of my risk capital. Some dreamers have mortgaged the house and sold the kids. Not advisable. On the other hand, I strongly feel that this could be a ten or twenty-bagger.
Thank you HR for your well-reasoned response. Critical thinking and due diligence win again. Regarding critical thinking, this is from http://www.criticalthinking.org.uk/unit2/fundamentals/logicalfallacies/appealtohistory/: “There are two types of appeal to history. The first is committed by arguments that use past cases as a guide to the future. This is the predictive appeal to history fallacy. Just because something has been the case to date, doesn’t mean that it will continue to be the case.” In other words, past performance is no guarantee of future results. I’ve never had a doubt as to the facts concerning the great value of the mineralization of the Alto de Lipangue. Historically, it has been true that management has had a tough time concluding a deal with favorable terms. That can always change. And it could change "very soon!"
Thank you. Had been aware of this site but had not noticed the investors tab at the top of the page.
Looking to do some DD on this company but links to website(s) appear to not be working. Any info on recent Mar 9 PR mentioning uplisting and financials would be appreciated. Perhaps good signs and worth taking a dip.
Last response as I have a real job that I need to attend to. Read the report and read/listen to the details presented at the shareholders meeting concerning this. I have nothing to add for you.
Your post doesn't make sense to me. 10% interest paid on 100 mil is 10 mil. This is going to come from guess where? Profits! Part of becoming a capital company.
The only gagging will be shorts eating crow.
Yes, we will see you Friday, Krak Dean, and I will be there at the Close of Business with my public apology for any derision leveled at you and your tea leaf divination if no further details are released concerning the names of the partner(s). No big deal as I stand by my word. I will also stand by the excellent fundamental and technical data which makes this stock a winner and its investors winners also. Heck, this is already a three-bagger for me. We believe the "big enchilada" could be waiting for us very soon. Can you blame me for getting excited? Perhaps not so exciting for those who are "very shorty."
Hi Krak Dean,
We all agree here that MDMN is a great investment vehicle. Some are just longer term in their scope while others might be in it for a quick trade-either direction. Tell you what, give Throwitfar a pass today and I will apologize to you publicly for any derision given to your "tea leaf" reading if we do not have the NDA lifted by Close of Business, Friday, March 2, 2012. Deal?
Your question about the date at which the final calculation of the “purchase price” is to be done is best asked of the BOD at the next AGM. You can do that if you are a shareholder. Dr. DeCosta is not part of the BOD, and does not possess full contract details. Shareholders and the general public are in possession of a few details, however. Most importantly:
1.) The LDM contract has been completed and signed. Assays of mineralization of the mineralized zone are an impressive 122 g/t to 454 g/t. This mineralized shear zone is 700 meters in length and is about 100 meters wide and is believed to be a meter in width. Gold values alone will provide a significant boost to MDMNs PPS, but the real excitement is this mines copper skarn, a rare high-grade occurrence that may well dwarf the gold values present.
2.) The ADL. Where to begin? 7.5% retained ownership for MDMN USA shareholders. Mineral resources (Au, Ag, Mo, Cu) that already have a proven valuation of 2.2 billion dollars and that probably much more will be blocked out with the coming drilling program. Read all about it at the top of this page. I would only add that information for those seriously interested in learning more about this incredible resource is widely available online.
3.) Ciclon I & II and the Jota claims. It was stated in the shareholders meeting that Medinah Minerals will expand its acquisition program. This may just be the beginning. After all, with the ADL revenue coming in steadily in future years, acquisitions will keep this capital company growing.
It’s easy to get excited about this company. I think that’s been reflected in the share price. I hope that you, like myself and the others, are looking forward to higher highs and higher lows in that uptrending channel on the MDMN chart so expertly charted by the more capable technical posters on this board. Like Phil Grande says, follow the charts and you’ll see where the smart money is going. Better guidance than tea leaves in my estimation.
Dr. DeCosta is letting us draw our own conclusions while remaining conservative in his presentation of the Singer- Cox material. 500 million tonnes combined is the average estimation of a Cu-Au and Cu/Mo twin porphyry deposit per these authorities. What we have may be much bigger, judging from Dr. DeCostas note: “As far as the relative size of Medinah’s westernmost copper porphyry, the Cu-Au one, the typical diameter of the zone of mineralization around the centrally located “porphyry stock” is about 1,500 meters. However, inclusion body studies done at the Gordon Pipe and the LDM manto/skarn area revealed the same progenitor (parent) pluton despite the fact that these 2 outcrops are 3,200 meters apart.” "This might hint that the Cu-Au porphyry might be a bit larger than the norm.” A “bit larger” indeed! Sounds like we could have at least one monster polymetallic mega-mine here! I especially like the disclaimer he makes when he relates to us that “in situ’ value of the 2 porphyries might approach $205 billion.” That sounds to me like it could be an extremely conservative valuation based on what we know so far. We’ll see soon enough. Perhaps the 18,000 meters of drilling (per the contract) may be just enough to prove out the twin porphyry deposits. With these potential numbers, you’ve gotta love that 7.5% retained ownership for MDMN USA.
Rock on, Dr. Decosta, one doesn’t have to be a NASA scientist or a tea-leaf reader to read between the lines here!
But Kezzek, I believe you mean to "hypothesize" when you say "hypothecate." To hypothecate means to "pledge property as security or collateral for a debt." I had to look up its meaning and it appears to be a legal term. The only real hypothecation as regards MDMN occured with the Bogdan affair where shares were held as collateral for a loan. It was made clear at the shareholders meeting that that is JJs private business, so no more comment from me. Otherwise, looks like the shorts are going to have a lot of hypothecating to do for those shares they created.
From your post it appeared therefore that you are "pledging" or have a belief that the NSS position will total $20 billion in the future. I mean, Holy Toledo! That's huge!
Your alternate likes or likely scenarios appear to be disparate: I might suggest that you choose one. They all appear negative for the long position.
Not to be picky, but let's choose positivity. Let's choose hope. Nobody likes the hedge funds except the self serving fat cats. As a wise poster said elsewhere: "Hope is a good thing. And good things never die."
It's just a matter of time. It's a done deal. JJ's conviction and sincerety had to be witnessed in person. He has held out for years for the best deal possible. Now it's just a short matter of time for that last penstroke....
Warmest wishes in the meantime.
There is mention of a future 20 billion dollar government bailout for the naked shorts. One thing difficult for me to understand, however, is that since this naked shorting is originating with the offshore hedge funds, is it supposed that the governments of say, the Cayman Islands, Virgin Islands, or Bermuda are the ones on the hook for 20 billion? That’s a lot of cash for these folks! May I suggest that there is in a measure of inconsistency in your posts?, Saying on the one hand that there are no shorts outside the SHO threshold list, then on the other hand, freely admitting to a possible 20 billion dollar short position down the road? Is it because it’s common knowledge that the stats on the SHO threshold list are useless? It’s well known that these hedge funds engage in “position rolls” where large naked short positions are sold from broker to broker in block trades that never appear on an exchange. Each movement resets the time clock for that short position becoming a delivery failure and is a way to get a company off of the SHO threshold list. In the case of MDMN, that leaves the Scrutineers (actually the TA) report which indicated one billion, ninety-three million shares counted at the shareholders meeting in Las Vegas as the final authority. Heaven help the hedge funds when that bunker-busting cash dividend hypothesized by the illustrious Dr. DeCosta comes around.
Best wishes to you.
Get Rich and Profit Hugely -Dr.DeCosta's Brilliance has again shown with this remarkable posting. The "'bunker buster' type of qualified cash dividend" is the eye-catcher for me here. As a capital company, MDMN is going to be known finally as the mining play of the year. Seems like the recent stock dividend announcement is just the beginning of the cake icing. Press releases are coming out with higher frequency and..well..The excitement is mounting!
Thnx for reposting BB.
Your analysis has some merit, Kezzek. I just think that with the PPS rocketing, for most of us it's not a big deal.
Well now, Dean, Are we to take seriously that your "source" which has been so highly touted as "never being wrong" are nothing more than tea leaves? I mean, ROTFLMAO! I just consulted the worlds foremost authority on tea leaf reading and was told this: "Now it is an axiom, which centuries of experience have shown to be as sound as those of Euclid himself, that the moment the taint of money enters into the business of reading the future the accuracy and credit of the fortune told disappears. The fortune-teller no longer possesses the singleness of mind or purpose necessary to a clear reading of the symbols he or she consults." The English chap (my source) means to say, in american english, that when the reader is emotionally involved with the outcome of the reading, accuracy goes out the window. Easy enough to understand. What subject is more emotionally charged than money matters?
Dean, I still respect you, although my respect for your "source" has diminished. I'm glad you agree that the PPS will be going up next week. That is heartening news from one of this stocks staunchist critics. There is still plenty of time for even a long-term critic to get in to MDMN. I have a feeling these prices will look very cheap once funding occurs. As to when funding actually occurs, well, "no one knows the future with certainty."
I prefer my source to be the BOD also, not an offshore hedge fund. It was great to see the BOD in person and to hear JJ give his sparse yet powerful presentation. I even took the opportunity to ask Mr. Chapin a question at the Saturday meeting. I was the fellow who, I believe, got the final question in about environmental concerns. I had the glasses, cane, and was wearing a blue shirt.
Due to the homogeneous nature of the twin porphyries, a lot of drilling may not be necessary to prove out the tremendous ore bodies thought to be in this mountain (ADL). A quick analysis of the assays will put the naysayers to rest IMHO. Onward and upward, Longs!
Just a WAG. Well, while we agree to disagree, look at that ASK!
My WAG is that business is as good as done, and the gentleman wished to enjoy a couple of days of leisure. Like many of us, he may have been overdue for a vacation away from the "grind."
Well, I'm reminded of Shapespeare's oft misquoted phrase: "Methinks thou dost protest too much" when the "there are no abusive naked shorts" drum is beaten repeatedly. Even Dr. DeCosta admits that he was b-slapped by one of the finest minds on this subject. Indeed, can we drop this NSS thing as a subject of intense focus and instead deal with the positive developments unfolding before us?
Plus Greg Chapin said in answering a question about "when" stated that if not for the shareholders meeting taking JJ's time, this could probably have been further along.
Again sir,
The BOD DID NOT tie in the dividend to the enormous NSS position. Look at the tape. It does not lie.
Hi Kezzek.
I do not need to explain the reason for the 10% dividend. That is for the BOD to explain. They did not tie this is to the huge NSS position (remember, 1.093 billion shares were tallied at the meeting on Sunday). You agree with the BOD's position on NSS, not mine and many others. I would not characterize the dividend as meaningless. Most shareholders were thrilled with it! A gift to the loyal shareholders, and believe me, we are most grateful for it.
Thank you for your kind replies. I must go to work now, but look forward to your thoughtful analysis.
Hi Kezzek,
Interesting reply. I thought you were interested in volume and volatility. At times, it appears to me that this may not be true. Indeed, the "grazing issue" is not something that will hang up the LDM. Do you recall that the LDM begins development this week? You say: "As for NSS, I didn't say the BOD "focused on it". Just that when it becomes a justification for the stock price, it's a bad sign." OK, so if the BOD is not at all concerned with the NSS, so what? THE NSS is a non-issue with the BOD. Why mention it in your post? As concerns a possible buy-out, again please read carefully. This was mentioned by the BOD although they did not directly tie in the additional stock authorization to this possibility. This was "conjecture by a shareholder I spoke to." The BOD did say that with the completion of the ADL, the company will turn to growth and the aquisition of properties.
Now to be fair...
The BOD hardly gave any time to the NSS issue. My impression (yes, I was at the meetings) was that the NSS issue was immaterial to the business at hand. Dr. Decosta was actually given sparse attention by the BOD. The matter of "grazing cows" was brought up simply to illustrate one of the many little details management was forced to wade through in getting the LDM rolling. The property on which mined materials were to be stockpiled for shipment to the smelter happened to be used as grazing land by a farmer. JJ had to spend valuable time negotiating with the farmer for the right to use this grazing land for storage for mined materials. Again, just an example of one of the many little nagging details to be dealt with by management. As for the 3 billion share authorization, 2.8 billion convertible and 200 million shares to be held in reserve as needed. Conjecture by one shareholder I spoke to was that this was one of the preparatory measures put in place for a possible buy out of the entire property.
Yes indeed. The ''Medinah Express' has left the station. With the dividend announced, all shorts are advised to step off the tracks.
Talked to my father in law, a former biz exec, says nda type restrictions very common in contracts like this. Was at meeting thought everyone of bod sincere and earnest.
Terribly sorry, triple H. No harm done, I hope. That was not meant as a reply, work got in the way and I rushed through the posting. One thing that is not a mistake and that is my long position on MDMN. May the abusive shorts fry real soon!!
Hi Dean,
Will we be seeing you in Vegas? Hope you can make it. If nothing else, we could catch a show, join a buffet or talk MDMN.
Well, while you do the ROFLMAO, I'll be laughing all the way to the bank. Thanks for keeping it civil. Next week is gonna be a doozy!
Wow, one little innocent mention of "short squeeze" and a veritable firestorm ensues. HMMM. What does that say? For longs it's icing on the cake and no big deal. For the abusive naked shorts, well...draw your own conclusions. 'nuff said.
OK, from the SEC: "Regulation SHO imposes additional delivery requirements on broker-dealers for securities in which there are a relatively substantial number of extended delivery failures at a registered clearing agency" http://www.sec.gov/spotlight/keyregshoissues.htm
This publication certainly does not fall into the "blog" category.
It's up to the brokerage to not let delivery failures get out of hand. Period. If said brokerages do let this get out of hand, it's their problem. The fact is delivery failures have gone on for years in some instances. Any questions, do a search. We could go round and round here. I'm finished.
Last post. The piper will be paid in case of delivery failure. That means the Brokerage house. Shareholders have little to worry about. Good luck to you and good luck to me. I'm no nitwit, I'm on the long side of this trade!
What is clear is that honest longs are making an honest case. None of us work for offshore hedge funds or have an agenda besides making money. Abusive short selling is a reality and one that is being addressed, albeit slowly in cases like Overstock.com. http://www.overstock.com/Patrick-Byrne/7371/static.html
Sorry to have brought this subject up, as it is seems a source of irritation to some. I guess with the JV announcement coming up in a few days, a few of us are a little excited about the monster short squeeze that could well occur with the rising share price.
Also sorry about not mentioning the Dendreon case. Certainly important. These cases involving abusive naked short selling are getting too numerous to keep track of!
Well, "Some of the most noted hedge funds collectively lost between $5 billion and $10 billion as they rushed to cover their naked short positions." is a quote from an AOL publication, part of the largest media group on earth. Not a blog. People will just have to decide if its the truth or not. Just google "naked shorting." Any argument you advance will be found to be countered by that simple search.
Unfortunately, your analysis is all wrong, Mr. Kezzek. Just look at the Porsche/Volkswagen short cover a few years back. "Panic ensued as hedge funds frantically bought Porsche shares to cover their short positions. VW stock soared on October 28 from 200 euros to 1,000 euros, briefly giving VW the highest market cap of any company on Earth." http://www.dailyfinance.com/2009/07/23/porsche-ceo-resigns-hedge-funds-rejoice-short-squeeze-reversal/
In the Porsche/Volkswagen squeeze, Hedge funds lost around 10 billion dollars. Currently we have the Green Mountain squeeze to study. There have been others, just google if you are interested in the facts. In all instances, the brokerage house becomes the responsible party if the MM folds. Please get your information correct before posting opinions.
Homeland Security. In my humble opinion, instead of issuing "yellow alerts" HLS should take a look at a dangerous form of economic terrorism. That of abusive short selling. An informal census was just taken of shares held by MDMN shareholders. 234 out of 7000 reported. Out of an available float of around 350 million actual estimated shares held by the public, around 800 million shares were reported. This tells us that there are probably billions of "air shares" fabricated by the evil MM's. Payback time will be tough for these outfits. On the bright side, this could propel stock prices into the stratosphere for MDMN when it comes time for these shady operators to cover!
But Krak Dean...Per your quote: Mike Gold seems to have his own opinion on the subject "I don't know if true or not but it remains my understanding that everything is a GO..and a specific time to make the announcement has already been chosen and it will be before the shareholder meeting."
What is being referenced if you were to take the quote in context, is that Mike Gold doesn't know if the results of the readers poll is true or not. The readers poll indicated Wednesday as the likely date for the announcement. Of the JV, that is.
Now, Krak Dean, you yourself said that anything written outside of the Medinah company website cannot be taken as accurate. Why do you apply the "It is written" nonsense to your own ramblings?
Now, Now, no one knows the future with certainty. Let's relax and watch this baby go up.