It would be a travesty to refer to having a position in MDMN an investment. Surely those who have been in this game at prices sub $.02 and $.01 may not feel that way.
But for those of us who jumped in after the deal was done done done and who have made the fatal error of attempting to average down, since Tenney took over, have no one to blame but ourselves for making yet another error in judgment.
My comments regarding the uncanny and what appear to be deliberate attempts on the part of company reps/ceo at making fluff annoucements, when for some time, the rumored and expected annoucements are to have some material substance, i.e. annoucements re the JV, are that they are timed and orchestrated to be manipulative. If today's announcement was part of a long operating history of a company yet unblemished, it would be a no event with me. But the fact that it was again timed to come out when many were given the distinct impression that a material announcement would be made on or about the first of December, makes me wonder at the methodology of the past and present. To that I say, nothing substantial has changed with Medinah, even if Mr. Tenney wants us to believe it has. It's the same old, same old.
Here is my two cents worth.
Mr. Tenney, it's time for you to lay out the bare bone facts and truth as to what is going on with Medinah. The cloak of secrecy only breeds mistrust and conjures up visions of the historically garbage lies that the company has previously put out.
I suggest that you start today, if you already do not have one, start today and prepare a business plan outlining in narrative and projected financial terms for the next five years a picture of where Medinah is and is expected to be. When done, publish it. Now that would be material news that we can all chew on and then make informed decisions. This fluff stuff is only hurting you and the company.
I realize the plan will be full of assumptions, but frankly, what else can you base it on. Shareholders should have a picture of the status of this company now, as a stand alone and one with a JV partner. And if this partner is Volcan, come out and announce it. If Volcan is not, and you do or don't have another prospect, then make that announcement.
The notion that terms, discussions between Medinah and Volcan are conficential don't fly with me. I am over confidential nonesense. If there are those who have the information that Volcan is the partner, then where is the confidentiality. Hog wash.
So, Mr. Tenney, if your mandate was to put a new face on this company, then show it. You are beginning to sound like the previous messengers.
Those in the know have mentioned the 17 year rule for junior miners to get up and run from their baby walking steps. Well, we are going on to the 18th year in 2014 and all there is to show is still a fairly messy diaper. Someone needs to throw out this stinky diaper and put on a suit that is clean, and properly fits, and has all the hallmarks of a resectful entity, and not this fluff, pink sheet rag tag group of huksters who are out to enrich themselves at the cost of shareholders.
Mr. Tenney, you are on stage. How you perform now will set you apart or you will also lose credibility as your cohorts in Medinahland. Time to put up or shut up.
