Thank you RD759 for your well expressed, practical and professional input.
Would that those who were succored into long positions in MDMN by the BOD and friends who claimed to have the inside track on "next week's" announcements had the benefit of the type explanation you have put forth as to what constitutes a mining property as a potential investment, rather than pure wild speculation, as MDMN was and continues to be.
No amount of positive broad brush pronouncements on the WCD can be a substitute for the type of work required to bring this mountain to the point of interest by a respectable size mining/exploration company to be engaged as a JV partner. You have made this clear.
So, with this long period of silence since JJ's shares were consolidated into MDMN, the question is; what is really going on?
Either there is nothing to report after discussions with two, three or more potential suitors, or all these fluff events that are announced are merely more of the continued attempt on the part of the BOD to attract more and new buyers to this worthless stock, while the insiders use it as an ATM.
If there was anything of substance to report, I have to believe that the BOD, Tenney would have already made such. If they have the gonads to make the repeated fluff announcements, why would they withhold announcing any event that would be the most real and most practical in terms of advancing the studies, then the exploration and all related events.
Instead, we get the BS that the deal is done. There are two or more other JV partners we are talking with. There is ore being shipped to Til Til, and all the pictures that amount to nothing but more of the same BS.
Yes, RD759 you rightfully state that Medinah should have done its level best to complete the economic studies at a fraction of what it would cost today, and present the data to the prospective JV partner, affliate. Apparently a NI-43-101 report is the furthest thing from this and previous BOD's wish list.
Prove me wrong BOD. Make a true announcement of what is going on. I implore you to act in an expeditious manner to make a public announcement of what the hell you are up to.
You have nothing to lose by making an honest announcement. But you have a lot to lose by keeping this charade going. Come clean, either way. Either we have a JV or we don't. Stop sending out trickles of favorable misinformation through the "annointed" share holders.
And finally, perhaps the BOD should hire RD759 or his equivalent to do a formal study and put out an honest, professionally prepared, third party NI-43-101 report. Wishful thinking on my part.
Happy New Year to all!
I would be willing to wait another 12 months for such a report. But, I assure you, I will not wait another 12 months of the same from the BOD.
