Medinah Minerals (MDMN)

[Money_For_Nothing]

Fine then Sell

This deal get done, when it gets done. If the November Q&A from management is correct, factual, truthful, THEN it would make sense that in 120 days they could conclude any remaining due diligence, international money and tax issues and complete the deal.

If tax issues are a consideration, it is not unreasonable for the deal to close after the end of the year. The tax on the millions for the purchased rights would be over 35% of the amount received for the US entity. Any cash required by the partners to fund the drilling program in 2011, if not capitalized under a two year program, would be deductable in the year paid. So if it is 12-15-10 or 1-8-11. I take the 1-8-11 date to put deferred tax millions to work during the interium.

Thats just me. So all of you that keep bitching that you are being treated unfair, sell. But I am telling you that deals of any real size take this long, even with more safisticated Companies. Go back and read the story on the Condesco JV in my post in August. 8 - 12 months start to finish is within a reasonable time frame. So beleive it or not it does take this long.

I say YOU Sell, I don't care what the share price is. I don't believe big money show up before the JV on a sub .05 cent stock. Volume does but not big money. YOU ALL UNDERSTAND THAT OUR CURRENT MARKET CAP IS $28 million currently. (I could probably buy the the whole US side of the deal with the help of a few friends) Our average daily $ traded is less than $100,000. Nobody even knows this stock exists outside pinky land. Most sane investors don't play the pinks for this reason.

If your in, your in because you chase the big play, not because the pinks have a great track record for winners. It is a 1 :1000 bet and thus a high risk, big return play that should be entertaining, but you will have times of great frustrations, you've got to survive these times if you want to play. This is my opinion only, I have no insight other than my own experience and this is not a offer to sell of a recommendation to purchase these shares. Everyone is on their own. So enjoy the ride, and understand you might feel sick at times and you wont know whether you scream with excitement of toss your cookies until the end.