Medinah Minerals (MDMN)

[Medinaminer]

Medinah's nearness or farness in finalizing the ADL joint venture has been the primary fundamental determinant of where the share price has traded really for over a decade.

Good post Rick. My comment on the above quote is that Medinah now has entered into a new normal. If all shareholders and those watching Medinah are able to take the cloak of a scam operation off of the table on Medinah, this becomes a new beginning for Medinah.

The new beginning has many factors to consider, i.e. Kirkland, Letts and this new jv. Chief among them will be the favorable or unfavorable news that in particular deal with the planned exploration to prove up the mountain. So, if the planned exploration of the mountain, in this jv is light weight in nature, i.e. the same old methods, no adherence to industry accepted standards of sampling, assay gathering, no NI 403-101 or the U.S. equivalent reporting, not much capital committed in relation to the size and potential that Medinah has been screaming about for almost two decades now, no new serious investor will be attracted to this stock, and the share price may pop for a bit to whatever new level, but that pop will not be sustained, and it will be business as usual, where all good traders take their profits and wait for another new bottom to get back in, where Medinah comes up with another yet brilliant fluff meaningless news that might be the next run on the stock by new and old traders.

The new normal I believe has a new base in the trading range of $0.07-$0.08 where we just saw the reversal take place from the drop in price from the recent high of $0.109 area.

I'm in total agreement with you with respect to the sp punching through the all time highs. Without a fundamentally compelling not just news, but serious exploration based on sound principles, the sp is again doomed. To repeat, we are at a new norm with Medinah, and it will either reward or punish the longs, if longs are not nimble.