Medinah Minerals (MDMN)

[Hurricane_Rick]

I really need to repeat my disappointment in the way that the company handled this.

I think everyone's disappointment in the JV Partner's "unexpected payment delay" and how it was handled by the company has been beaten to death...and the recent downturn in the share price obviously reflects that.

JJ's release was stone cold and did nothing to reassure stockholders that we are on track.

You interpret his brevity as being stone cold. I interpret it as brief, perhaps rushed, damage control. Something had to be communicated to shareholders as we all demanded it. Given the last minute unexpected issue, clearly there wasn't a lot of time to write a lengthy update, have it reviewed by the JV partners and send it to the webmaster to have uploaded onto the website by midnight on a Saturday night. I do believe there should've been another line indicating that the unexpected transactional delay is not considered major and should be resolved "soon" or "by such-and-such date" so that the transfer of funds can be completed as soon as possible.

Made me feel like we are in adversarial relationship with the jv partners. we don't trust them.

How you hypothecated that JJ's brief Q&A update last Saturday night indicates some kind of adversarial non-trusting relationship between the JV Partners and JJ is quite a surreal leap that has no basis in fact or anecdotal evidence, especially since JJ had personally described the following in the 5/4/2010 Q&A.

"At present, I can report that all interested parties are working through the issues, in total harmony, to conclude the best possible Joint Venture Agreement."

we set deadlines and then we set deadline extensions.

It has been reported numerous times by GC, LP, et al that the JV Partner set the deadlines, not MDMN/CDCH/JJ. It was their misstep, not ours.

update should have been multi paragraphs and upbeat, telling us that great things were ahead, etc etc , explaining that the deal was signed and binding, that our partners are excited about the property, explainign in detail what the banking glitch was etc etc

I personally think if they had described all the great things ahead, someone else would've complained that the company was trying to gloss over the financial transaction issue. They kept the update to the issue at hand. Damned if they did, damned if they didn't.

just a wild guess but its going to be another down day.

Probably, at least until the company provides an update that the financial transaction of the initial tranche has been completed successfully with more news regarding the joint venture to follow...if such a release is in the works to be released today.