Medinah Minerals (MDMN)

[rayfer22]

IMO this last announcement was a play that management had standing by to use once the "stuckholders" began to get nervous again over the failure of the JV partners failure to get their money transferred into Medinah's hands. It really amazes me how I and others are led down this primrose lane so many times by managment and their "unofficial" pumps and we just continue to buy the koolaid and drink deeply. It must numb the senses. I know it can be attributed to one word "greed". How powerful the prospects of an unbelieveable payday keeps us in and blind to so much that just doesn't add up.
Everyone touts the JV contract, but just as Arp1944 said on another forum, a contract is just a paper with names written on it and until both parties meet the performance demands of the contract, it is not a fully executed contract. Although supposedly the JV partners met the demand of a "deposit" and stand to lose said money, companies of this size walk away all the time when and if necessary.
This last announcement simply states they have signed a "letter of intent." Again, if they don't find the yield up to their standard, they can simply walk away and we have nothing...except another 45 days for us to drink some more "koolaid". Here's the real intent...an announcement that got us away from focusing on the real deal that's why this is over three months into the extension and the JV partner is still resolving "internal" issues.
Where's the koolaid..hope they have a new flavor...because "greed" is taking over again and I'm still believing and holding...and believing...and waiting....and whatever..!!!