Replies to post #3439 on Medinah Minerals (MDMN)

[jerryrth]

Didja hear the one about the mining man
who fell by accident into the upholstery machine
last week?
Well . . . he's fully recovered now.

[Miningman]

Of course you're right to laugh, Rich, if it is ever right to laugh at another's loss. Ten years ago I did buy some shares of this stock, you are right again, and sold them at a loss. But to say I'm frustrated falls short of the mark. I'm angry.

I bought when the first, and only, drill results showed Lipangue to be a promising property, one that needed further drilling to proof it up. Back then I didn't know that Les Price had no intention of proofing up the property.

Back when I bought the price was $.50 or so, and the shares outstanding, if that number can ever be trusted, was 200 million or so. Back then the properties still belonged to Medinah. That was before they were shuttled off into Medinah Chile, and held "in trust" by Les Price, a convicted felon.

A decade later there are 850 million shares issued, the share price is 2 cents and there's been not a meter of new drilling.

You probably bought in when the share price was $.017, and have ridden it up to where it is today, $.022, for a $.005 profit per share, which means, had you bought a million shares, you're now sitting on a $5000 dollar profit. Who wouldn't be laughing?

Even the others who've been in for ten years are in the black, because unlike me, they were astute enough to continue to buy as the share price plunged more than 90%. And none of them ever sold a share. If they did, they'd have announced it to the thread, wouldn't they have?

So my question is, Rich, when you learn, if you ever do, which I doubt, what happened to the proceeds form the sale of 600 million shares of stock, will you still be laughing?

And when you learn, if you ever do, which I also doubt, what exactly comprises the property, and who in fact owns title to it, will you still be laughing?

And when this latest rumor, the jv with the "Chinese", fails to materialize, as have all the other rumored jv's, and all the other rumors -- short squeezes, audited financials, Hochschild, the "Gazette", to name just a few -- which, face it, were not rumors but out and out lies, will you still be laughing then?

Or will it be another opportunity to pick up cheap shares?