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So BB, you just posted this: "Oh my... .10 would be great... and a very good ROI for me..."
But, on July 2, 2011 you posted this:
Well JP, and the rest, you'll likely be unsurprised to hear, much like the seven year cycle of the Dodo, MDMN's broken record of ridiculous excuses and untenable promises is at it yet again.
The inane and unsupported NSS theory is back, in a vain attempt to describe our flaccid PPS. I'd say we're trading at a very fair price given doubt and uncertainty any rational investor would have about our potential outcome. We'll probably look back on this trading range with affection once this stock is de-listed.
Better yet, the Oracle promises a "NI-43-101" in conjunction with an IPO for AURYN. Call me a pessimist but I think I'll not hold my breath waiting for that E-Ticket ride into Fantasyland.
This reminds me of the movie "Edge of Tomorrow" except no one ever seems to learn from mistakes...
Auryn continuing to spend money... proving up the Mountain...
Auryn finding... and reporting consistently good to better then good assay results...
Auryn... exercising their purchase agreement option...
Auryn... developing the Mountain into a Full Scale Mining Operation...
Not sure if anyone here is aware, but Etrade finally took off the restriction of the 10% stock dividend yesterday. I told a couple of friends when the market opens. I believe one of them was going to let the MP know about it. That might be the reason for the increased volume yesterday and today. I know at least six of the seven friends decided to sell theirs already. Honestly, as they all said, it was unexpected and free money after having to wait over 4 years for the restriction to be lifted within the Etrade system
Frankly I have come to conclude that AURYNS' action(s) and inaction is/are contrary to the interests of MDMN shareholders.
I remain unpersuaded by arguments that AURYN's announcement was in any way appropriate in content or context given our current situation. The magnitude of "known unknowns" in our situation dictates more substantive disclosure than an "appointment" (whatever that means) of yet another geologist. As usual, much like the Letts and L.B. revelations, I suppose we are supposed to treat this news as nearly a second coming, even though no one here has heard of the individual before. Nothing disparaging intended to our newest independent contractor, merely reflecting on the usual digestion of such news.
Here's an analogy for the announcement, albeit it perhaps in poor taste, no offense intended (presume timing is a few days after the tsunami with three reactors still melting down and most of downtown still under water):
"Fukushima Prefecture would like to announce that normal garbage and recycling pickup will be suspended this week"
Could care less. This is distraction, plain and simple.
IFrom the Option Agreement. "Throughout the term of the Opti:m, the beneficiary shall submit a semiannual report to the Offerors providing a detailed description of the work carried out,the meters of bor ings drilled, the results obtained and the Exploration Expensees defrayed. The semiannual report shall be submitted within one hundred and t wenty calendar days following t he end of each calendar year."
We may not hear anything until 120 days After Dec 31,2015
The news release does not say what this new guy role is: Is he working full time as a geologist for auryn or is he just a part time "advisor" of some sort?
Not sure who is hanging on but I know who's buying. What has opposable thumbs and lives in a zoo?
Great... bring on the 10 year lows... Many are still buying... accumulating and building their MDMN portfolio...More shares for the money.... More the Merrier the Season... This is the time to gather... MDMN shares...
BigBaboon
Tuesday, 04/26/11 03:35:25 PM
Re: BeginnerAtTheEnd post# 35829
Post # 35830 of 72359
These are special times that will not be here forever.
Get a piece of the Mountain while the getting is good. Now is the time to buy!
BigBaboon
Wednesday, 06/01/11 09:43:45 AM
Re: Hurricane_Rick post# 36656
Post # 36657 of 72359
MDMN at prices so low it's unbelievable!!!!!!!!!!!!!!!!
Looks like .102 could be tested soon.
That's OK... many are not done buying all their MDMN shares yet... i
It's a lovely fantasy, however none of it is correct.
Yes... that's right... it closed green... up 6+%... Nice day...
Check the trades. It was down, except for a holiday closing paint. wink
Still hitting new lows daily.
I think it's a great opportunity... love seeing these prices...
when the good news starts flying... the stock will fly too...
That is what JetPilot said he purchased on Friday of MDMN stock... I think that's a lot for one individual to spend on one day is all... but maybe that is chump change to some investors...???
Roughly $32,000.00 invested in MDMN on Friday... that shows great belief of a higher future share price... I would say...
I bought 2 million shares on Friday. See, two can play at that game.
Actually JetPilot, you just completely nailed it. For those anxious to read the Cliff Notes, here's really all you have to know:
When companies or their minions blame their own lack of performance on evil "naked shorting", this is the alarm bell that should alert you to sell and run away as fast as possible.
99 out of 100 times this excuse pops up, the stock is already (or going to) tank(ed).
Of course, investing in a company with a well known, defrocked, publicly-sanctioned, fraudster, thief like Leslie Price priming the pumps is obviously another "Investing 101" No No...
IMHO.
So, nothing's changed then and I can go back to sleep...
Haven't been here in a while. Anything new here? JV progress? Scam exposed? Cliff notes would be nice.
MUST have been BB
I think some people are looking a bit too far into the implications of the (lack of) quality of Auryn's website
A friend just sent me a copy of a relevant post from a related MDMN blog. Bald Eagle nails it again: One can speculate. JJ and Claro have no sources of liquidity and have been close to insolvency for over a decade. There's a reason why JJ borrowed against his shares. If they need money (more specifically if Claro needs money) now, they don't have price sensitivity and the shares were free to begin with.
Keep in mind that these scumbags have remaining ownership in surrounding claims, CDCH, and AMNP (Caren) so, even if they don't have any shares of MDMN left they still stand to profit immensely on the peripheral play.
While some of us may find it unfathomable that insiders could sell at these levels its important to keep in mind that they have treated shares like a personal ATM for close to two decades. It's free money to them.
I realize this sounds like a broken record but it's important to understand the underlying dynamics at work. At least I/we no longer have to listen to the handful of folks who used to jump to the defense of this BOD. The writing has been on the wall for a loooong time.
and the reason they didn't sell then at 8-10 cents is because the insiders are even bigger idiots than we are!
It's amazing how it all adds up... when a consistent... disciplined... buying schedule is followed over time...
Thanks, Veblen. I was vaguely aware of this, including the nebulous "semi annual reports submitted annually" requirement. You have to admit, nothing about this, ummmmm, "investment?", is easy to follow. Are their lawyers that incompetent and negligent, or do they just have a grand sense of humor?
If they are trying to buy up MDMN shares why would they try to promote the share price?
Maybe their September update was to satisfy the requirement for reporting on the first half of 2015.
Which begs the question WHY? If they are professionals, they would act, look, feel and smell professional. There would be no need for speculation or explanation. The elementary nature of AURYN's website is best compared to,(drum roll) MDMN's and that naturally leads everyone to reason same ole, same ole.
I personally find Auryn's updates to be pretty much reliable, professional and detailed though I do wish they occurred more frequently
Dumb and Dumber
Auryn is spending their initial $10 million dollars..
Delivering a NI 49-101 or equivalent...
Auryn also gets closer to exercising their purchase option for 85% of the Mountain...
Jetpilot- post of the year. I may chuckle all day. Between your reply and the absurd comedic notion insiders aren't selling I am reminded this stock does provide great entertainment!