Replies to post #56129 on Medinah Minerals (MDMN)

[Hurricane_Rick]

Medinahiner,

I see the point you're making with regard to consideration, and without seeing the contract, ultimately we're all only guessing. However, the Alluvia shares are part of a separate agreement than the ADL Purchase Agreement. More telling though is that if the Alluvia shares were somehow to be used as a deposit or payment for ADL in lieu of any of the contractually stipulated $180 million payments, then logic would dictate that Amarant et al would've begun drilling the property several months ago when the Alluvia shares were first transferred to Medinah. If the Alluvia shares were deemed sufficient by all parties to begin drilling and exploration, then there would be no need to delay the greater part of the Chilean drilling season waiting for who knows what when it behooves all parties to commence exploration ASAP. There has been no indication by any party (though arguably all are in need of communicating such to their prospective investors) that drilling and exploration has begun in earnest. Medinah has stipulated at various times that no exploration would begin until payment has been received...whether that still applies is obviously debatable to all.