Medinah Mining Inc. (MDHM) Message Board

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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)

MDMN 0.00

Jan 15 4:00 PM EST

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To: Coz who wrote (17029)	7/12/1999 9:14:00 AM
From: Mike Gold	Read Replies (2) of 25548

Good Morning All! A few notes on what I believe awaits us this week in Medinah land. a) Gordon House and a newly hired geologist should be leaving for Chile this week. b) They will be meeting up with GEODATOS for more IP work and for startup of the second phase of the drill program. (Exact date of startup of drilling will depend on JV partner.) c) Likely annoucement of JV between Medinah and a very large mining company-the terms of which are rumored to require that the JV partner buy a large equity position in Medinah! The 15 mining companies that won't be JV'ing with Medinah will have their non-disclosure agreements cancelled allowing them to attempt to build their own equities positions in Medinah for tender offer purposes! Fund buying should follow the JV offer. d)Getting closer on the short squeeze...DD has shown that short squeezes of this type typically take 90 days to complete. (per securities attorney.) Count down began around May 7-this gives us about 3 weeks to go. It is my understanding that the DTC now has completed their audit of their books-the focus now shifts to the hundred plus brokerage houses that hold Medinah Shares in street name. These brokerages will be going through their books...once this process is completed-the shorts will be forced to the baragining table in regards to settlement of Medinah Gold shares.(I have seen one worksheet that estimated the book value of Medinah Gold currently at $32 a share!) In addition, they will be forced to cover their Medinah Mining short position-still estimated to be in the vicinity of 60 MILLION SHARES! Make no mistake-Medinah is a powder keg-the fuse has been lite... Yours Truly, Mike Gold ...The future is so bright got to wear shades! PS. July 10 has come and gone-surely Les & Larry want to get ahold of some common shares as soon as possible....$1 a share-here we come!

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