Here is why the price sucks. Your partner is a one year old company. They are not a public company. They obviously have no money. Medinah is getting potentially worthless stock in return. Amarant renigged on a joint venture once already. Bad track record. They could not come up with the money. JJ gets $5.4 million, not Medinah. The deal has been changed from 3 years to 7 years. Amarant is such a bad credit risk they will have to pay 8% in the bond market. Medinah. The deal has been changed from 3 years to 7 years. Remember at the shareholder meeting we were promised a major mining company that was public. Heck we were promised Barrick Gold. What happened to them? This is a deal held together with popsicle stock and scotch tape. That is why it could not break 17.5. Now it will tail back down under a dime because it it could not break 17.5. Now it will tail back down under a dime because it will be a cold day in hell before medinah usa sees any of that money. Read my post after the announcement. I exactly predicted what would happen to the share price.
I always hoped this would work out because I have some close friends that invested big, even if I lose out.
But $48.6 million collaterized with what? A new penny stock?
It's a bit laughable after being told we are getting a public major miner, some clearly said for sure it is Barrick Gold. Now it's this silly little company with no money.
Are assay results did NOT average over 5/grams/ton, they ranged from 2.8 to 12.5. Medinah never saw fit to list an average. Why? Maybe because they did not average over 5/grams/ton and that is why the dirt is still sitting at LDM because Enima won't take the ore under that average.
It ads up and it probably speaks to why we have Amarant and not Barrick.
Hey if the stock hits a $1 than I am an idiot and missed a big money maker. Right now it is still at the level I sold after the SHM.
I if wanted to buy your house would you want me to give you cash or stock in a company I just opened for $400 on legal zoom.com? That kind of says it all doesn't it?
