It's not that muddy, nor difficult to understand. And actually, it's quite easy to follow.
Auryn has previously announced its intent to go public to access the US capital markets. In order to do so in the quickest and most cost effective way, they can reverse merge into an existing publicly traded shell. Both CDCH (5%) and MDMN (27.5%) are owners in Auryn, so they make logical candidates for Auryn to reverse into relatively cleanly. However, MDMN's books and share structure are a mess thanks to Les Price's fraudulent share sales. Cerro Dorado is a comparatively cleaner shell. In order to effectuate a clean and trouble-free reverse merger, Auryn would require voting control of the target entity, and certainly they are going to have the BOD staffed with their people to ensure the transaction occurs smoothly and as planned. It would not make sense to do otherwise.
This is the best possible outcome for CDCH given that they were on life support thanks to JJ who played 52-card pickup with their claims in Chile and Les Price who lied to shareholders and then-CEO Bill Hoffmann about debts owed, the agreement on how the debts would be paid via any of the many failed JV attempts by JJ, and ultimately the claims' statuses and ownership. If you want to see something truly muddy, look no further than the crap that JJ and Price pulled on Hoffmann and the CDCH shareholders.
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