The Benevolent leaders of this company who just keep on giving brings a lump to my throat. I am overwhelmed at their spirit of sharing the wealth. Why, it wasn't too long ago that some of the leaders each returned 2,000,000 shares to the company. And now, again, they have outdone themselves. Giving Medinah 30% ownership of another property that will be on the string just as the other non performing mines just makes me want to walk up to those charitable guys and give them all a big miner's bear hug.
What is there more to say but to be amazed at the "altruism" of these capable operators of "world class" mines.
The way they toss around millions of shares between themselves and the poor wayfaring shareholders is a total act of sacrifice, acts not seen with the likes of Barrick, Newmont, and all the rest of the greedy mining companies who keep it all to themselves.
I wonder if the shares were actually worth real money, how freely they would have thrown those bones to the shareholders.
You know, I wouldn't mind trading all of my shares of MDMN with the worthless shares of Ulander's stock that Medinah is still presumably holding on to for security and breach of contract, etc.
I have a better suggestion. JJ, take back the 30%, and give each and every Medinah shareholder cash. I mean, real cash. Like Yankee dollars. No diluted pink sheet junk stock. Real money. Make everyone whole, and send them on their way with your blessings. Now that would be an act of true sacrifice.
I am aware of a mining company, that will go nameless, at the time when the share price was trading at $0.10, decided to take the company private. So as they announced the company would tender $1.60 per share to redeem all outstanding shares, the share price predictably went up making each shareholder lots of Yankee Dollars. All the publicly traded shares were purchased by the original investors and now it is a privately held gold mining company with properties in Colombia and Africa.
Perhaps JJ et. al can step up and make such a bold offer to the shareholders and take the company private. After all, Medinah is a "world class" property. Work on that our fearless, benevolent leaders instead of chasing deals that never close.
Question for Dennis and JJ et. al...When do you think you will conclude the negotiations, discussions with this yet again unnamed JV partner? Just asking to see if I have time to watch "Gone With The Wind" again, before you make the next practically useless announcement.
And before you make the next public announcement, please give us a heads up. Some of us fail to understand and digest your sense of fairness. This is too good to be true guys. It just is.
Amazing!
