Replies to post #71925 on Medinah Minerals (MDMN)

[Hurricane_Rick]

The 1.5 Billion shares floating out there is going to be tough to overcome. Not to mention, .04 is a double from here. Most penny flippers I know are long gone from a stock at around 100% ROI and never look back. Keeping people invested in this turd (aside from the current shareholders), is going to me a herculean task. Bottom line: MDMN needs to behave like a legitimate business and throw out the BOD bums.

It won't be penny flippers that take MDMN higher IMO, though there will surely come a time where they'll be back when news and momo dictate. Bottom line for current MDMN shareholders is whether Auryn will exercise the $100 million option...in one form or another. There have been plenty of posts since the announcement of the terms of the $100 million option that detail the minimum value of MDMN's shares.

MDMN has a cap issuance of 1.5 billion shares of which they have 1.35 billion currently outstanding.

$100 million * 1.35 billion shares = .074. That's the floor for MDMN's share price if Auryn exercises the option. This does not include MDMN's post-option 15% stake in Auryn. Nor does it take into account MDMN's ownership interest in NUOCO or LDM which presumably will be desired/acquired properties should Auryn exercise the ADL option.

As I've maintained for quite some time now, MDMN is a binary play. Either Auryn likes what they see in the drilling and exploration results and subsequently exercises the ADL option. Or they don't, and they walk...after spending $4.6 million thus far on the drilling & exploration.

.04 will be no problem if Auyrn exercises the option. It won't matter whether penny flippers hear about MDMN or not.