Replies to post #70092 on Medinah Minerals (MDMN)

[Beth0515]

My layman interpetation, is that AMC/H is going to go public on the TSX-V with the MDMN properties. They will not be making a tender offer, but will buy the properties at whatever rate is negotiable.

Wow. You know how to ruin someone's day! That is one gloomy scenario.

[Hurricane_Rick]

Notice HR has not weighed in, guess he is still evaluatiing IR messages

I'm still contemplating the point you made the other day about why Auryn did not handle JJ's shares earlier in the process...LOL.

In all seriousness, assuming that ADL proves to be an economic deposit worthy to move forward with, I don't know if they'll do a tender or go public on TSX-V. Obviously they'll do whatever makes sense to maximize their investment. I don't think we have the visibility yet to know which strategy they are angling, though I've maintained they would go for a listing on TSX-V. Other shareholders though have made compelling arguments for a tender before then.

JMO, it will be a fair deal, based on todays economics, and none of the MDMN shareholders will be happy. Just a prediction.

I believe a fairness opinion would be required given Roberto de Romano Letts being on both boards...and especially if MDMN gets another Auryn member on its board and if they are in a control position of the outstanding shares. I do not believe MDMN will be the moon shot many (myself included) once thought it might be. The outstanding shares have bloated too much and the stock has unfortunately fallen victim to the company's and management's history of failure so that puts a cap on MDMN's upside IMO. Other shareholders obviously disagree and I won't mind being wrong in that regard. Regardless, if a 3rd party fairness opinion is obtained, as a shareholder who am I to question it? I'll take my money and dive into the many bargains in this sector from more established fully-reporting companies with reliable/verifiable information.