************** MDIN ************ | ------ | Respond |
To: gianelda (12124 )
From: Lee N Friday, Jun 5 1998 11:17AM ET
Reply # of 12126
For those who have not seen message from Stockwiz:
We are very pleased with the recent gains of ALDM. News was released
today and we are expecting more good news in the week to come.
We were not going to put out our next pick (MDIN) until next week but
because of recent developments within the company we are putting out a
buy order on MDIN.
We have been in contact with the company today. They stated there will
be a news release about the gold mines in Chile on Tuesday June 9, 1998.
MDIN currently owns property in Chile which they have begun to mine.
"These mining efforts have been better then expected and the company is
very pleased with their results thus far." They have also stated a
"major campaign has begun to bring back the value of the stock to its 52
week highs. The company is doing everything possible to give value to
their shareholders."
We will not be posting this stock on our page until Monday morning. This
is so any member of our list that would like to purchase MDIN can.
Medinah Energy Inc.
Current Price: .28
52 week High: $2.40
52 week low: $. 25
Book Value $1.50
Outstanding shares: 46 million (33 million of which are restricted)
Float of shares: 13 million
Contact: 1-888-572-0170
Short Term Outlook: $1.00 - $1.25 (1 - 2 weeks)
Long term outlook: $ 2.50 - $3.00 ( 2 - 4 Months)
Gold Production in Chile
LAKE ELSINORE, Calif.--(BUSINESS WIRE)--May 11, 1998--Medinah Energy
Inc.
(MDIN) announces completion of the first stage of private financing with
the receipt of US $500,000 from a London Institutional Investor. Funds
are earmarked for the set up and completion of a mill on Medinah's
Santiago, Chile, gold placer properties. In addition it will finance the
completion of the Catan tunnel, allowing shipment of gold ore from
Medinah's properties for processing at the ENAMI refineries. Both
projects are being completed concurrently with gold production projected
to begin in three weeks. This process has been expedited through the
efforts of Vice President of Mining, Paul Jones, P. Geologist and his
staff. The two projects will initiate substantial cash flow to Medinah
Energy Inc.
Medinah has also completed the renegotiations of all properties in the
Andacollo district, successfully converting them from option contracts
to purchase contracts. The properties contained in these agreements are
as follows: Cobre Morado, one to ten, Mina Verde, Berta one to five,
Ultima one to three, Mac Pato, La Colorada one to five, Alianza, Lanzazo
one to four, Nicolas one to twenty seven, Corazon de Jesus one to two,
Espacio one to four, Capacho one to five, Toro, Mercedes one to three,
Mercedes Siete, Volcan one to sixteen, Maria Luz, Beagle, Gabriella,
Nueva, Eduardo Uno one to twenty, Eduardo Dos one to twenty, Eduardo
Tres one to twenty, Juvenal Uno one to twenty, Juvenal Dos one to
twenty, Juvenal Tres one to fourteen, Turista one to one hundred. In
addition to these properties Medinah has registered
numerous additional claim blocks over these areas to create more
contiguous land groupings.
Corporate officials in Chile report that since completion of our
property acquisitions, requests for information by several major mining
interests have been received and are being honored.
Note: This news release may contain "forward looking statements" within
the meaning of the United States Securities Exchange Act of 1934 as
amended. All statements of historical fact, including in this release,
including without limitation, statements regarding potential
mineralization and reserves, exploration results and future plans and
objectives of Medinah Energy Inc. are forward looking statements that
involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate, and actual results and future
could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ
materially from the Company's expectations are disclosed under the
Heading "risk factors" and elsewhere in documents filed from time to
time with the United States Securities and Exchange Commission and other
regulatory authorities.
For further information, please call investor relations: 1 888 572 0170
On behalf of the Board of Directors Per: Larry Regis, President
| Previous | ------ | Respond |
Quotes - News - Discussion - Gold/MiningView SubjectMarksBookmark this
Subject
NP ENERGY CP NEW (OTC: NPEC)Time: 9:42AMLast Trade
0.039Change
+ 0.001 (+2.63%)Bid
0.038Ask
0.039Volume
02,0000Prev.Close
0.038Open
0.039Day Range
0.039 - 0.039Last Tick
0Up0Avg.Volume
0343,7000
Discussion | People | MetaCrawler |
