Replies to post #69103 on Medinah Minerals (MDMN)

[Beth0515]

pocho..Auyrn will be buying shares...however IMO, they will not come out and say it - why would they ? When and how many is the milion dollar question.

You probably won't be surprised to hear I fundamentally disagree. Auryn won't waste good money chasing the stock on the OTC unless they've cleared the deck of JJ/Claro ownership. The most compelling theory to date is JJ declined an "all or nothing" offer for his shares as he would prefer to continue selling as he has been for months to keep his lifestyle going and Claro out of the workforce, while holding on to share that he thinks will be worth much more in the future. Sadly, that is not harmonious with Auryn's objectives.

Recall, Auryn (to be more specific, the Letts family) despises JJ/Les and considers them unsavory partners. There is no chance at all of Auryn executing the option if JJ et al owns 100MMs of shares.

Until the taint of JJ is removed, Auryn will sit fast. They control the game for the next 26 months in any case. Our only hope is that JJ will eventually fold.

In the interim I expect to see sprinklings of exploration-related news, just enough to keep the flaming spears at bay, but nothing material. Outside money has no interest in the current MDMN story and without outside money, we're stuck in a holding pattern. That is exactly what decades of ineptitude and self-dealing gets you. Thank you, incompetent board members, for the ~=1.4 Billion of shares outstanding!