Replies to post #69988 on Medinah Minerals (MDMN)

[Veblen]

"Why would I want to then enter into a separate agreement to expend any other funds. I already am entitled to make this acquisition. What gain would I have in this strategy? Spend more to make more? Control the entity? Isn't 85% controlling interest?"

One interpretation (that I don't find really credible but I am GUESSING)is that the remaining 15% MDMN JV interest is very valuable and AURYN does not have a option to purchase that.

[Hurricane_Rick]

Medinaminer,

I'm sorry, but I'm not going to spin my wheels regurgitating that which has already been discussed ad nauseum regarding Auryn's desire to gain control of MDMN and thereby maintaining control of the post-option 15% ownership of Auryn Mining Chile.

You've already stated that you believe MDMN/Auryn is a well-crafted scheme and I'm guessing that there is nothing I can say that will disabuse you of that opinion, so I'm not sure why you're even soliciting my opinion at this point. However, I will address your following comments:

I don't see how one member of the Letts family can ruin the entire family's reputation by being involved in a stock manipulation scheme in a pink sheet company. I am not suggesting that this is the case.

You are correct in that you're not "suggesting" it...you outright called it "a well-crafted scheme". But, I don't see how you can call it a scheme in one sentence and then say you're not suggesting that it is (or that the Letts are involved) in another, so there's really no need for you to couch the accusations you're making at the Letts family.

All I am saying is that if that is the case, then how would it damage the Letts name? The answer is none. There will always be a black sheep in a family. But the dynastic reputation does not hinge on one insignificant member's actions.

This is a rather odd straw man argument you're putting forth and as such the logical fallacy is not something I'm going to engage in debating. I'll let it stand on its own (lack of) merit.

However, I will point out that Auryn is more than "just" Roberto de Romana Letts. He's President of AHC as well as a board member of MDMN. The Letts family are owners of 50% of AHC. In addition you have Irene Letts de Romana, Roberto's mother, as chairwoman of AHC. She is a Volcan board member as well as 10% owner of Volcan. Are you now going to put forth that the mega-rich Volcan board member mother and her son are both corrupt in order to fit this scam fantasy of yours? Let's just say there is a bit more Letts influence and reputation at stake than perhaps you're giving them credit for in your argument. I'm sorry, but I simply don't buy that the richest mining family in Peru is going to put their hard-earned money at stake participating in a US penny stock manipulation scheme when they've proven perfectly capable of making money via legitimate mining and ADL (with JJ's and Medinah's warts and all) allows them to continue to do so.

Bottom line, either someone believes that ADL property holds value, and is therefore desired by Auryn, or it does not, and is therefore just a convenient piece to long-running scam. Auryn has done nothing that any legitimately run mining company wouldn't do (including keeping their cards close to their vest), and it is bolstered by the credibility of the Letts family and their ties to Volcan, as well as the recent appointment of copper porphyry specialist, Luciano Bocanegra (Hochschild, Rio Tinto, etc.), as an adviser to the project. If you want to throw them and their reputations in on the "scheme" theory of yours, that is your prerogative, but I'm certainly not going to. The simpler and truer explanation is that Auryn is going through the diligence of proving up a potentially economic gold/copper deposit in a CAPEX-favorable location for infrastructure and resources, and making sure they have as much control of the deposit as possible should it prove to be worthy of exercising the option.