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Sunday, August 02, 2015 11:04:19 AM
Please. Since entering the picture, Auryn is driving the process, not Medinah. The Lettses saved this deal from JJ pissing off Volcan, otherwise we'd be dealing with a Partner D. Medinah's management (not including Letts) just do what they need to do according to what Auryn tells them to. That is why management hasn't "missed a step since May 11, 2013."
I'm not invested in this stock because of MDMN's management...that would be fool-hearty. I'm invested in it because of the potential monetization of the mountain. Ideally, having a capable management team helps the investment move along. If MDMN's management were so good as you contend, then why has it taken 17 years and more than a billion OS to get to the point they are now?...or do you just count from May 11, 2013 forward and erase the painful history that got us to this point? Larry Regis admitted at the 2012 AGM that they weren't perfect and were learning as they were going and had made mistakes...ironically ushering in the Ulander/Amarant debacle. I will give them somewhat of a pass in that JJ has been the cause of much of issues with this company and where we are today...despite him being the one responsible for consolidating the claims into a sellable package.
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