Medinah Minerals (MDMN)

[Goldstrike]

Whatever you decide to commit to this investment, please go in with an education concerning the geology of the Alto de Lipangue. Mineral holdings are the strong point of this company. The more you learn, the more you will like. Concerning management, it is to their credit that the patchwork of claims (leases in Chile) in this district were consolidated under one name over a period of fifteen years, leading to a very large (140 sq. K) leased area. My only critique of management is that they have been perhaps underpowered as a bargaining force when dealing with potential suitors. Top dollar has always been asked and the power of junior explorers over the last decade or so to achieve a fair price has been weak. This, I believe, is the reason for past failures to deliver a deal for the shareholders. I personally have hope that the current deal will be funded. That hope is fueled by the reported scarcity of new “finds” in Chile, and the dwindling values present in existing actively mined properties. Add to that the fact that the Chilean government is stable and “miner friendly” and you have a combination of positive elements that make this the ideal time and place for a deal to happen.
By all means, consider the viewpoints of the detractors. In the end, they will refine the conclusions you reach following due diligence. Lastly, recall that “There is nothing secure about securities” and invest no more than you are willing to lose. This is true of blue chips as well as non-reporting pink sheet companies.