Medinah Minerals (MDMN)

[paddydaddy]

And now for a reality check....


The $5 million is the exploration budget for the first 18K meters of drilling at the ADL. This is monies controlled by Amarant and their geological team. Codex, escrow or Ulanders pocket...where it is held is inconsequential.


The payment of $5.4 million for the Alluvia collateral is forthcoming prior to turning over the mountain to Amarant. No money, No Drills...it's that simple. If you are paying attention to what is happening with the AuVert systems and Alluvia you will quickly and easily realize that Amarant is NEVER going to bankrupt Alluvia to screw over Medinah. Not going to happen and any intimation that is will is simply a scare tactic. I repeat, NEVER GOING TO HAPPEN!!!

As for the sale of the property after the first 18K meters of drilling...well if you know anything about mining you would understand that 18K meters of drilling is no where near enough to prove up a property the size of the ADL to flip it to a major.

Let's see what the results of the first 18K meters of drilling produce. The NI43-101 report is due by 6/30/2013.

As for making money on this stock, I guess it depends on what your entry price was. Mine is in the 2 cent range and I am up nicely.

Pay attention folks, it's about to get really loud in here.