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Alias Born | 08/24/2010 |
Friday, May 27, 2011 12:21:54 PM
A deal is done, what that deal is, we still do not know. What you can bank on is that there will be some amount of money that will kick start a drilling program that will either prove or disprove the value of the mountain. If you understand what you own in MDMN stock, then that should be sufficient to continue to hold the shares for whatever length of time it takes.
The information that I have reviewed from many sources and media, suggests that the shareholders will like the deal, but without the details, we will have to wait and see.
However to my thinking the bottom line is that based on the current price of the underlying metals, the desire of the Chilean Govt to open up exploration in the Santiago geo are to Jr miners, the relative minimial amount of funds required to take the next step in developing the mountain and public statements already made by the management of the Company, A deal will be finalized.
Lets face it, anyone could find a couple of million in funds to take the next step without giving away the farm.
(Note to Management - If you want me to find you some funds, let me know. It would take me about a week to structure the JV and raise enough money to do the drilling program.)
The naysayers in this stock wants you to beleive that there is no money out their that would fund a drilling program. In Texas we raise millions everyday to find oil with less DD than we have in this property.
Don't be scared off, a deal will happen. You can count the number of days or weeks on one hand.
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