Medinah Minerals (MDMN)

[Medinaminer]

MDMN now has $5.4m in US DOLLARS.

Here is a more accurate statement:

The transferring party has exercised this option."

The option is exercised, but Medinah probably still has not received the funds. So it is premature to indicate Medinah has the funds until we have proof of the funds transfer.

Even so, it is such a small number, when the cash hits the Medinah account, that if not properly deployed, that could burn in no time. So let's hope those funds are not used to pay down debt or any other boondoggle deal. Let's use it to prove up LDM. What do you guys think? Agreed?

We have been waiting for the details of the $180M transaction. The devil is in the details. In this case, while it is encouraging for longs to see a commitment of funds to finalize the contract, because the payout is in long term tranches, unless there is prove up and a massive amount of metals and minerals mined, the effect on the bottom line of Medinah may not be felt for some time.

Yes, a deal that takes us forward in exploration, discovery and mining is a giant step in the right direction, but for those longs who were expecting a huge pay day in the short term will be a disappointment.

Keeping LDM as a separate potential profit center for Medinah is a good strategy.

It is possible, in the aggregate the total mining claims could add up to a nice potential number. When Alto proves up, that LDM could ride on its coat tails, or the other way around. So, it is encouraging news. Now the play is even more interesting as there are so many moving parts that need to converge for a big pay day.

Time should heal all wounds.