Medinah Minerals (MDMN)

[Money_For_Nothing]

Here is the analysis:

In the nine months ending September 30, 2011:

The Company sold 13,456,890 shares for $471,641 (average .035048 per share)

Borrrowed $103,245 from shareholders to fund operating costs.

The Company invested $315,154 in capitalized costs in mining assets in Chile.

Prepaid operating expenses of $59,118 and reduced current liabilities by 7,574.

Spent $141,055 in operating costs ($15,673 per month) of which $32,048 was legal fees.

This looks like a Company working to the goal of monitizing the value of it's main asset to me. Operating costs include no significant salaries or cost to suggest anything other than efficient operations to a goal.

IMO, things are moving in the right direction just not at the speed we would all like. As a result, you have disconsent within the ranks and opportunities for those that have a financial interest to see the SP fall or the Company to fail.