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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST
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To: Mr.D who wrote (15319)6/11/1999 3:27:00 PM
From: Coz  Read Replies (3) of 25548
 
I had a chat with IR today. Here are some interesting points:

There is no question any longer that there is a short position. It does exist. The question now is how large and who is it. If it is as large as has been speculated, there will be some liability issues with these people since their misdeeds have added significantly to the dilution of the stock. But first, the company must continue with what it is doing to find out how much and whom. Management is meeting with their lawyers on this issue today.

The G.House reports for the Altos de Lipangue and Las Dos Marias are both completed and in the hands of the majors. Gordon is writing a summary suitable for posting on the MDHM website right now. Russell will need to get approval from management when they return on Monday, and once granted, he will post Gordon's summary of the larger reports that have gone to the majors.

3 majors have been on the property in Chile this week. Activity is still ongoing even though MDHM does not have any news to report at this time. You have to remember that these 16 signed NDA's are all with brand name majors, and IR tells me that all of these majors came to MDHM. They were not solicited by MDHM.
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