Medinah Minerals (MDMN)

[Minichiello]

"Hmmmm... none of that sounds correct... MDMN gained an extra 10%... to total 25% interest in Auryn... which may very well end up being in on a world class mine...

We'll have to wait a bit though... to find out..."

So you're saying that an extra 10% is worth $100 million out of Medinah's bank account. And this 10% isn't even a direct interest in the property but an interest in another company which may or may not get diluted? What happened to "A Bird in the hand is worth two in the bush." So now, where's the cash to pay the current bills? Did the Board think of this in their rush to sell?

Shouldn't the shareholders have had the chance to ask questions of the Board and decide if they want to approve this deal? If it's such a great deal, why did the Directors rush to close it so fast? And why didn't they just call an open meeting, and ask the shareholders at this open meeting if they approved selling, trading, or giving away their main asset? This "world class asset".

This would have quelled a lot of the questions we now have and if their answers showed that it was a good deal, would have had the shareholders support instead of questions about the motives of the Board.

Do you know of any way a shareholders can contact a Board member? Are both of them still not returning calls? When are they going to face their shareholders? October? Cowards.