Medinah Minerals (MDMN)

[Hurricane_Rick]

At any rate, since Auryn is a privately held company, they have no obligation to make public announcements to the common shareholder regarding any matter, least of all their exploration activities.

Auryn Mining Company SpA, Auryn Holdings Corporation S.A. and their representative BOD and associates would be considered insiders of MDMN based on their possession of material non-public information. In addition, Auryn has previously stated to Medinah its intent to purchase MDMN shares and subsequently they disclosed to MDMN the acquisition of 150 million shares of MDMN. Therefore, it is logical to assume that at the very least, Auryn is making regular public announcements to protect themselves from accusations of insider trading. If they weren't disclosing the developments and keeping it "private", while accumulating public shares of MDMN, then certainly that would be in violation of insider trading laws in the US markets.

Now some might speculate that Auryn is under contract to BOD of Medinah to disclose all material facts regarding this phase of their due diligence, including but not limited to all their findings during exploration.

Not speculation, it is addressed (minimally) in the original option agreement, section twelve:

"TWELVE: Exploration Expenses Report. twelve.one. Throughout the term of the Option, the Beneficiary shall submit a semiannual report to the Offerors providing a detailed description of the work carried out, the meters of borings drilled, the results obtained and the Exploration Expenses defrayed. The semiannual report shall be submitted within one hundred and twenty calendar days following the end of each calendar year."

Again I ask, what's in it for Auryn to be transparent and fully disclose to the public, as Auryn has been in its news releases of their exploration findings, unless it has so agreed in the option agreement?

Why does there have to be a catch? I know MDMN shareholders have a deep-seeded persecution complex based on past disappointments, so it is probably difficult to trust anything from anyone. However, to date, Auryn has delivered on every intended public goal, and then some. This is what it is like to have a company actually execute in a professional and upfront manner.

As always, the mysterious BOD refuses to treat the common shareholder with any modicum of respect, nor with any sense of fiduciary obligation by not releasing the option agreement with Auryn

They have publicly released the option agreement.
http://www.medinah-minerals.com/images/mdmnpdfs/AURYNAgreementeng451pgs.pdf