Replies to post #78649 on Medinah Minerals (MDMN)

[BigBaboon]

I would think the determining factor... would be what... Auryn is valued at...???
That would be good point to know.

If Kevin Tupper... could have performed his job with any proficiency or intelligence... he would have found out the answer to that question and informed the MDMN shareholders...

But we wait... to see how it all plays out...

[Surwin]

Yes, the option agreement probably could have been better than the actual purchase agreement. But before you can reach that conclusion you need to understand that the best thing that happen was that Auryn did not give any cash to MDMN, otherwise the scam artist Les and his cronies would have embezzled those funds as well. Next you need to be able to answer the question of whether giving up $100M for and extra 10% of Auryn and an option for another 5% at $50M was worth the trade off. The answer to that question is only Auryn's performance and time will tell whether it was a good trade off or not.

[Mining Investor]

Do you realize what an option agreement is?

Do you understand who had the option?

There was no reason for AURYN to exercise the option, that is why Chapin negotiated a deal and forced Price and Quijano to move forward.