Medinah Minerals (MDMN)

[Medinaminer]

for 17+ years management and JJ have willfully and consistently avoided the simplest steps necessary to prove up a bankable resource. Until that is done, we got nothing, and claiming the contrary "as a matter of opinion" is devoid of substance.

I have stated that in so many words in a previous post. Beth, one more piece of speculation, as long as JJ et. al have been masters of that, why should I deprive myself of such.

Here is a possible answer. Is it possible that the BOD or a prospective buyer in fact obtained such a report , during this 17 year charade, and the report came back negative, or the assumptions that JJ and the group had been making were debunked by such a report.

I would have to believe that during the time period when money was abundantly available in this sector, an interested party would have conducted such a report as part of its due diligence during the investigation period as the potential purchase of these claims was in process.

We may never know the truth of such, if it does exist, as in Medinahland, we are always under a NDA with any prospective JV deal or potential buyer. Mum's the word except for "imminent", "next week", "funding is completed", "done, done, done", etc., etc., etc., as another king was known to say, in a fictional setting of course.

Lest anyone thinks I am making false accusations, let me clearly state that I am simply asking the question. Does such a report exist, and if so, does the expert who is given the assignment to provide a NI 43-101 or equivalent report have the obligation to make such a report public or is the report owned by the the claim holder and remains in tight control by the claim holder with no requirement to be published or provided to any agency or jurisdiction as an official record would be as in a real estate title report? Just asking if anyone knows the answer.

In a real estate transaction, disclosure is paramount. In business, integrity would dictate full and proper disclosure to the prospective buyer of any material facts that might impact the decision of the buying entity, if a third party report is available.

In fairness to the BOD, it is entirely possible that they may not have such a report. I have a friend who invested in a gold mining operation based on the claim holder's reports, without performing extensive due diligence, and is now in the hole in the high seven figures. And guess what, so far there is nothing to show for all that money, not even an ounce of gold. He just stopped funding the operation, and consequently, there is no more processing going on. The owner now has to find other succors to step up and fall for his dubious information on the feasibility of extracting gold from this property. Sad.

Just asking.