Medinah Minerals (MDMN)

[rayfer22]

Jack, I don't agree that there were never any JV partners and that this is a ruse. But there I do have some concerns about what could potentially take place with Medinah.
"Here is what is posted on their website:
The continuing caveat to shareholders is, and continues, that the Agreement, though signed, would “not” be deemed fully completed until the receipt of funding. Medinah Minerals, Inc. (USA) is anxiously waiting for the credible and verifiable funding to be released into the consortium accounts. ALL matters concerning Medinah Minerals (Chile) and Medinah Minerals, Inc. (USA) actions were completed to the satisfaction of the Joint Venture partners months ago. The JVA partners are queried daily with regard to anything that Medinah management can accomplish to try and expedite the funding process. The JVA partners have steadfastly stated that it is their issue(s), not Medinah’s. The JVA partners continue to reassure Medinah management that all the terms and conditions of the Joint Venture Agreement are fine, and the delay in funding is their internal matters."

The agreement though signed, would "not" be deemed fully completed until the receipt of funding.

What is stated here does seem to indicate this whole thing could still go sour if the JV partners can't resolve their issues or internal matters. From what I see posted most seem to take it for granted that the JV partners can resolve their issues. No one can guarantee that they CAN resolve their issues. And this is the part that has me concerned.
Sure they would forfeit their deposit if they walk away, but with companies of that size, sometimes those decisions are necessary.

If they walked it wouldn't be the first time, because according to some, it happened when potential JV partners had their name revealed before the announcement.

I'm sure open to what assurance or insight can be given, because I have a lot invested in this stock and I do hope and pray it happens. And yes I understand the risk in investing in "pinkee" and that there is never any guarantee and I am not looking for one but I haven't seen anyone address these concerns.