Medinah Minerals (MDMN)

[Money_For_Nothing]

Reasons To Hold

Some facts to sleep by:

Gold stocks trade on average at 2.8 times equity.
MDMN equity per web site at 6/30 is 6.1m putting enterprise value at 17.08m. We have 672.9m shares issued which put the share value at approx .03 cents per share.

Stock traded .6m shares down today on less than $20,000 in activity. That is the nature of penny stocks. The S (not ns) drive this volume. They are betting against themselves.

The web site has been updated, or it at least appears to me to have changed considerably.

Managment issued 10M new shares in the first quarter and only 3m new shares in the second to cover operating costs. This is a good sign with an increasing SP that something is on the horizon.

If your in your IN, if you get out, do it because you don't believe, not because someone set a artifical time table that management did not hit.