Medinah Minerals (MDMN)

[Toxic Avenger]

The fallacy in the argument that what MDMN needs to do is further explore the claims is that it assumes those claims are worth more than the company paid for them. And 15 years of not being able to get any interest would suggest that's not the case.

If indeed, there is no economically viable ore there, and you're a shareholder then what you want is exactly what the company is doing - hype, speculation, hopes, and one "deal" after another. That's the only way to profit from this investment.

At this point, I would venture to guess that well over 90% oft those invested here recognize this. They have, or hope to profit from the hype, stories and continuing success of the principals to invent new ones.

I believe the notion that there are enough stupid investors who will fall for the most obvious hype and have driven the stock's valuation to over $100 million at times based on their belief in the ultimate value of the claims being higher than that, is as fictional as the stories and deals spun in support of that valuation by the company.