Replies to post #68030 on Medinah Minerals (MDMN)

[Toxic Avenger]

I think the answers may be more simple. Volcan and other miners didn't feel the potential reward was worth the risk. Auryn has spent relatively little and seems to have some nice side deals going (150 million share ownership, 350 million share offer). Volcan would have had to disclose many details that Auryn does not.

Also, Volcan and other major mining companies have assets that shareholders could after if they felt taken advantage of. Auryn doesn't.

There are many situations where PIPE investors do very well, while the company they invest in and its retail shareholders do not. I suspect in the end, this will be the case with MDMN.