Replies to post #56154 on Medinah Minerals (MDMN)

[Toxic Avenger]

LOL, JJ has been announcing deals for a decade. He DESPERATELY needed one after the SH meeting.

Yeah, the $180 million, the payout time frame, the $5.4 million buyback, the $54 million in stock, they're not major terms. ROFLMAO.

Amarant has said multiple times they have an 85% interest. MDMN has said multiple times Amarant is in full compliance with the deal terms.
Now who is it with the long history of invalid claims? ;-)

Too funny.

[Veblen]

Hopefully the notes to the anticipated Financial Statements will clear up the details of the "Deal".

[Chilean spy]

You guys get so wrapped up on this deal

Number of shares ready to be sold 3,000,000,000.00
at an average of 10 cents per share

let me see if my math is correct.....

3,000,000,000 X 0.10 = 300,000,000.00 US dollars

then Why JJ and the BOD would get into a contract with all the headaches of mining (environmental, labor laws, liability, claims, chilean Gov etc etc )when you do not have to do anything other than keep sharehoders interested on this play by not ever closing a deal and cash 300 MILLION DOLLARS?

Its in black and white to me

sorry for the oversimplistic example but I think it fits MDMN.

[neutral1]

1) JJ needed a deal? Says you. We have the LDM and could have used the profits from that operation to fund drilling at ADL

What profits from the LDM?