Replies to post #64748 on Medinah Minerals (MDMN)

[Pocho69]

Exactly, the news is not good at all because does not disclose anything.
No major like was predicted, no money yet in the bank, so same old story.
Don`t we love MDMN?

[gman14]

Most would see this negative to trading price. 100 million if ever received is less than a dime a share over 3 years. That is before management takes whatever for their time and effort.
When present valued at a rate of return one would expect with risk, only worth a couple of pennies at best. No proven reserves at industry standards.
Not sure what you would expect.

This remains a joke. Without any recognized or credible support no real money will find it's way here.

[Medinaminer]

Interestingly, I did post, I think it was last week, a scenario where this agreement could be led by affiliated persons to the Letts family, who are considered experts, and not a formal, currently operating group. It's just the way they worded the announcement that gave me the heads up.

How prophetic. This is like a pick up band. Let's get everyone in this room who is good at playing the guitar, the keyboard, horns and string instruments, and let's form a band.

If this is the best we can do, then this is the best we can do. If I am not mistaken, does this mean a valuation of $85M, on an undiluted basis, give or take a few hundred thousand Chilean Pesos?

Translation, three years from now, we might see our sp, if not diluted, at approximately $0.085?

Boy, great deal for us stuck holders. I shouldn't jump the gun nor ship yet? Details to be forthcoming soon?

So Medinah's ownership of the other claims has what value? I am thinking of course of the LDM and the other fractions of ownership in other claims.

Anyone who knows, please elucidate.

Thanks in advance.

[Starman365]

It's ok. As I mentioned, if the news did not make this move up, I would dump my position. I made a great profit although I thought it would be better. I may buy back if it trades down around .067. I sold at .0874.