Medinah Minerals (MDMN)

[Goldstrike]

Well, I don’t know much, but I’d say that this Alto funding is a one time event in history. It either happens or it doesn’t happen. The fact that it hasn’t happened yet simply means that it hasn’t happened. It can only happen once. When it happens, then it will have happened. Then we can’t say that it didn’t happen…
The published terms of this current contract are extremely favorable to the company and its shareholders. Getting this to the table is unprecedented and bold. Bold moves are usually met with resistance, but resistance is overcome when gold is in at a high price and in short supply. To state the obvious, with the dwindling assay values at existing production sites and limited new sites, those with valuable mining leases might just be at the right time and place to take advantage of what may well be a “sea-change” In the way the junior miner and explorer do business with the “big boys.”
Despite its many false alarms, I can’t help but be optimistic about this little company,
The decade long consolidation of claims on the Alto is but one indication of the slow and careful style of management.
If the BOD had wanted to do a “hit and run” job on the more gullible denizens of pennyland, they could have done so at any point in the past, collected a fortune, and then sold the Alto properties off for next to nothing, the big money being already made. I don’t see this being the MO of MDMN.
I see instead an aim of full development and exploitation of the Alto properties and, yes, aided by acquisitions, an objective of evolvement into a real company.