Carl, I somehow sense that you are also an avid supporter and shareholder of MDMN. We are in some great company. One of the first things that impressed me well over a year ago when I made my initial Google search of Medinah minerals and found the top message boards, was the quality of the shareholder base. There were stockbrokers, authors, screenwriters, business professionals of all kinds, accountants, legal pros, traders and technicians, miners, and well, a generous assortment of some very bright and accomplished people. The quality of the shareholder base and the commitment of those shareholders, many multi-year long term investors, was one of the things that made me take a second look at this company. That second look proved to be worthwhile.
About twenty-five years ago, I got roped into a Vancouver based mining stock. I bought in at around a dollar per share, held for years, and bailed at half that buy in price. I recall an aggressive mail and phone campaign at the beginning, a real “boiler-room” operation completely unlike the MO of Medinah Minerals in every way. After the stock purchase, there was nary a peep from the promoters. I never checked back to see if they “had the goods.” Suffice it to say that this “hit and run” was a learning experience. I never returned to pennyland until Medinah came to my attention.
Far from being a “pump and dump” operation, Medinahs management seems to have had an almost lack of concern about the share price. They know what is in the ground and expect an informed shareholder base to know likewise. But when Medinah and partners get to their PR releases shortly, they are going to have a wealth of newsworthy items to share. I have a feeling that developments at the LDM are going to be a shocker. The LDM copper skarn lies very close to surface but the extent and depth are still unkown to some degree. What the geologists have been able to determine so far “radically changes the potential tonnages and valuations of the Altos de Lipangue discovery zone. It is possible that this LDM Chile skarn discovery is related to several observed structures that occur across the entire Altos de Lipangue plateau.” Translate that to mean that valuable skarnification may exist at depth throughout the Alto.
There is rumor of future open pit development of this resource. Stay tuned for details from the company website. How many additional billions will be blocked out at the ADL after drilling resumes next month? What really is the extent of skarnification of the ADL? I have a feeling you’re going to want a seat when the news hits. Furthermore, with company uplisting, full reporting of financials and insider transactions will occur. This should drive a stake into the arguments of the most ardent naysayers.
Management has worked long and hard to bring us to this moment. Loyal shareholders will be well rewarded in my humble opinion.
