BB, if one has never gone through the Canadian circuit, I am see where one may think that Les and Vittal, might be capable of representing a junior mining company.
A few points:
1. Mining investment dollars are scarce and MDMN, in the Candian institutional market, is competing for those few dollars against all the juniors, many of which further along in exploration than MDMN.
2. The company's geologist is always present, particularly with meeting with mining analyst, mining are geo's themselves.
3. All the juniors have audited financial statements
4. No T/A's are gagged
5. There is no "hide the salami" NDA's, with ancillary agreements that may or not exist.
6. For a TSX-V company, every share, yes even 1 share, if issued needs to pr'd and approved by the exchange. That includes property swaps between all parties.
7. share structures rarely exceed a few hundred million
8. And TSX-V companies have a price floor on share price they can raise money. No offering of shares, i.e. private placement, which is the typical means of raising capital, can be done at a price of less than $.05. So if a company is trading at $.03, they still have raise money at $.05. Now warrants are typical, but you get the point.
So consider these points when determining how MDMN fairs vs other juniors fighting for investment dollars.
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