Medinah Minerals (MDMN)

[Medinaminer]

Whilst we await the news of ...to be or not to be partners with a capable group and finally prove up this mountain or fold up the tent and go home...the stock chart is behaving in text book form. From the lows of the inverse head and shoulders pattern, to the highs of May 9, and now it has retraced from the recent high of May 9 highs to the $0.07 level, where if it again continues to trade as it should, we should proceed upward to new highs.

So this is the path of least resistance, according to the chart. This upward continuation from this level
may be giving us a good smoke signal that the Pope has been elected, or in Medinah speak, the BOD has elected to partner up with the big boys, or some positive news i.e. confirmation of assay results that will be the catalyst to prop up the stock.

We shall wait and see if the offer is accepted, and if not, if the BOD has made a decision, based on really reliable assay results, to go it alone, or if another offer is being considered which may be the sweetest offer ever to move the needle in a dramatic way for Medinah.