Medinah Minerals (MDMN)

[momentumtrader]

My post on theminingplay.com
I hear the directors of each company are very pleased with terms. I hope this is correct. I assume so.
I expect this stock to go much higher in the near term. Their is a supposed huge naked short in this stock of a billion plus shares. If this is true this stock is going to go stratospheric if that is true. I don't plan on exiting my position until I feel the shorts are done covering. I am expecting 50 cents to 3 dollars. That might seem high but not if the billion shares is correct. Talking with MDMN management a couple of years ago I know they intended to buy back share up to at least 25 cents. Once they recieve the money some of it will be used to to start the repurchase program. This project has been 10 years in the making. A lot of money has sat on the sidlenes looking for confirmation. We should see a lot of buying and share appreciation between now and the detailed release noteing the money transfer. If its a sizable deal like they proposssed at the last shareholders meeting with a major. We should go much higher after that. I think we will see 20 cents plus by end of January if everything goes as planned.