Replies to post #69997 on Medinah Minerals (MDMN)

[Toxic Avenger]

Price declining.
Auryn "held" 150 million shares.
No news from Auryn or MDMN for long period.

Logical assumption, Auryn is selling off some, or all of their 150 million shares.

You raise another interesting point, since Auryn has an option to purchase 85% of MDMN for between $.074 and $.033 per share (unless the A/S is raised or there's a reverse split), would they really want to buy 11% on the open market?
And if they had at substantially higher prices than the current, would they not be doing so now, as MDMN hits new lows?

I believe once they sell off the 150 million shares, there will be news. And it won't be good.