Medinah Minerals (MDMN)

[Medinaminer]

"It should be noted that Medinah USA will be getting a 30% cut of each smelter check(minus expenses)that is received"

Mike, should we worry about the nature and extent of the expenses. Will the expenses be equally weighted between all parties that have an interest?

What if Medinah Chile bears a smaller but disproportional share of the expenses and loads most of them on to Medinah Minerals, Inc.

You seem to have a certain air of confidence that JJ et al have either completed the PSA or implying that any outstanding issues that would prevent the fulfillment of an agreement are by their nature non issues and that the funds are either already transferred or proof of funds is not an issue and upon finalization of the agreement, (which you stated a few days ago would be in a few days) the funds are at hand and that has to be done then is the transfer.

The first tranche is $40M? Did I read that somewhere? If so, I wonder why JJ did not negotiate the payments to be in equal thirds or even a 50% payment upon execution of the agreement and the balance to be split in two equal spaced out payments.

It appears that the reversal in sp is over for the time being. Short lived because again no truthful news of any substance came from JJ. Statements such as "hopefully" don't have any meaning in the execution of a contract or a business event. They either occur or they don't based on agreement and the good faith of those making the agreement who once agreed to certain points then execute on the terms of the agreement.