Medinah Minerals (MDMN)

[Hurricane_Rick]

We do not have joint venture partners. We have PROSPECTIVE joint venture partners

Not to mince words, but actually the last time the company used the word "potential" when referring to JV partners was in the November 15, 2010 update and that reference is not made merely by accident. Since that time, actually beginning publicly with the December 28, 2010 update, the company has specifically referred to the partners as "JV Partners" or "JVA Partners".

To wit:

"As reported in previous communications, the Joint Venture Agreement partners have assured Medinah that all terms and conditions, without alterations, remains in full force and effect.

The requested extension was granted to the Joint Venture consortium specifically in regard to the deposit of the initial funding only. The JV partners indicate that compliance with all applicable banking laws, taxation and regulations has taken longer than expected, but anticipated completion steps are moving forward positively."

http://www.medinah-minerals.com/Q_A_012011.html

"Management continues to work “on a daily basis” with the Joint Venture partners to finalize the initial transfer of funds."

http://www.medinah-minerals.com/Q_A_020111.html

"As previously reported, an extension was granted to the requesting Joint Venture partners to complete the initial tranche deposit pursuant to the signed Agreement among the parties. 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 matter. We do not want to violate any of the Non-Disclosure provisions. Medinah’s management thus, is in a precarious position of “hurry up and wait” which is “catch-22” difficult for our shareholders to endure. We have asked our JVA partners to allow us to broadcast added information to Medinah shareholders, which was denied. But, management will continue to stay the course with the JVA partners as the tenants of this deal, short and long term, is the best case scenario transaction ever formulated for the benefit of Medinah shareholders. Should Medinah management receive any adverse or negative information, relative to the funding, it will be immediately reported to shareholders. "

http://www.medinah-minerals.com/Q_A_022511.html

Obviously, and as has been stated by the company, the JVA will not be considered finally consummated until the funds are released.

We have PROSPECTIVE joint venture partners (if JJ is telling the truth) who have mutually agreed to an NDA.

It isn't only the NDA that has been signed (that's been signed by multiple parties for years), there've been several agreements, MOUs, etc. along the way, including the JVA that have been signed. However, the NDA is not lifted, and obviously the joint venture can't proceed, until the first tranche hits Medinah's account which will equate to the final consummation of the JVA.

The difference between the two is analogous to "something" versus "nothing".

Nah...we're well into the "something stage", just a brief annoying pause making everyone's lives a bit more interesting until the tranche hits.