Medinah Minerals (MDMN)

[Beth0515]

Yes something has changed... And some of us have certainly noticed and do pay attention to it... even have a good idea of what it is and what it means...

Outside of insiders, most stockholders have a "good idea" that the end times are going to be quite bloody. Just because the stock value has eroded to embarrassingly low price and volume metrics does not give one the right to dismiss same without PRECISE economic rationale to the contrary.

Which brings me to note that I haven't read... not one intelligent discussion on this board today discussing the reasons why...

Ironic for sure. It is disingenuous to ignore the oft-repeated reasons why this stock is where it is-- intelligent, dispassionate investors find it quite reasonable-- while never providing a fundamental analysis of the rosy market caps pipe dreams which are never bolstered by much more than "the mountain is full of riches". But, since you missed it, I'll provide an executive summary as to why MDMN doesn't matter anymore and probably never will again:
+1.5 billion shares o/s
+Lack of integrity, ethics or concept of fiduciary duty with respect to our board and management
+AURYN holds all the cards and like any business, wants to buy in as LOW as possible. Regardless of our dreams of unicorns and rainbows, they don't care about little retail stockholders in a non-reporting stinky pinky.

Still accumulating and building the MDMN portfolio here...

What relevance is this to the stock or to the discussion as a whole?

Don't care what others do...

Well, given how challenging posts disappear and the continued presence here, let's just say it's a tad difficult to take that at face value.

Once again, this treatise should serve as an instructive read:

Failure to acknowledge your own mistakes

One so convinced about one's own opinions about a stock that one is not looking hard enough for any counter-arguments. Or you are simply not thinking objectively. Never be in love with your stock. Stocks come and go, and they are just an instrument to allow you to preserve and grow your wealth. They are not you. They don’t need to be a part of your money. They are just a tool. Do not be so in love with your stock, such that you keep averaging down.

Beginning investors think that if they don’t sell, they don’t incur the loss. WRONG! Always mark your portfolio to the market prices. Do not live in your own virtual reality. A loss that is not booked yet is still a loss. With a trade that has gone bad, you don’t correct that mistake by lowering your cost basis through averaging down. Understand your mistake. Making the same mistake over and over is the cardinal sin of stock trading. Suppose that the mistake is that you bought the wrong stock (or at the wrong time). Now if you keep making the same mistake over and over, do you think it is more likely to get better or get worse? It is better to admit your mistake and move on. When you average down, essentially you have not admitted your mistake. Instead, you bet your money again in attempt to tell Mr.Market “Here is the punch in your face. I’m going to show you that I’m more right than you.” But I got to tell you that Mr.Market is just the market. Market price is what it is. It does not care whether you are right or wrong. There is only one price, and it’s the current price. And either you are losing money or gaining money due to the current price.