Medinah Minerals (MDMN)

[Goldstrike]

I was so impressed by the caliber of management of Amarant Mining that I had to find out more. Time for due diligence. Per this Washington Post article, I found that 83 out of 100 of the largest U.S. corporations are registered in offshore tax havens, of which the British Virgin Islands are one of the oldest and most respected. The article, http://www.washingtonpost.com/wp-dyn/content/article/2009/01/16/AR2009011602602.html states that “Several of the companies are household names, including Pepsi, Exxon, Dell and Dow Chemical. In the list of 100 companies that GAO studied, 63 had major federal contracts, including Caterpillar, BearingPoint, Boeing, Merck & Co. and Kraft Foods.” Guess what? Turns out Amarant Mining is included in this distinguished group. While some might argue that it is unpatriotic for a company like Boeing or Bain Capital to enjoy tax-free status, for an international mining company with operations in the US, Canada, Chile and Surinam, it seems smart. With the coming IPO, http://www.privateequity.dk/uploads/9/5/4/2/9542828/amarant_onepage.pdf looks like more money for shareholders!