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Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.00010000.0%Dec 5 9:30 AM EST

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To: Win-Lose-Draw who wrote (17439)7/21/1999 1:01:00 PM
From: Richard S. Gates  Read Replies (3) of 25548
 
WLD:

IN RESPONSE TO YOUR CONCERNS:
1- THE LA FORTUNA MINE IS PART OF THE LOBO SOLITARIO PROPERTY WHICH IS OWNED BY CERRO DORADO. SEE THE NEWS RELEASE OF 7/19/1999 WHERE LA FORTUNA IS REFERRED TO AS CERRO DORADO'S PROPERTY, AND ALSO, IN THE LAST PARAGRAPH, IT IS REFERRED TO AS AN ACQUISITION. THE NEWS RELEASE IS SIGNED BY RICHARD W. CAHOON, PRES.

2- THE 400,000 SHARES OF INSIDER STOCK WAS QUALIFIED AND HAS NOT BEEN SOLD, BUT IS FREE TRADING, AND COULD BE SOLD AT ANY TIME IN A MANNER LIKE ANY OTHER SHAREHOLDER. THIS INFORMATION IS FROM RUSSELL GODWIN, AND THE TWO INSIDERS INVOLVED ARE LES AND LARRY FOR 200,000 SHARES EACH.

3- DO NOT KNOW ABOUT DAYTON HAVING SHORTED MDHM IN ANY WAY, SHAPE OR FORM. HOWEVER, THERE WAS A RUMOR TO THE EFFECT THAT THEY HAD SHORTED A LARGE AMOUNT OF SHARES OF MDHM, THE SOURCE OF WHICH I AM NOT AWARE. I WOULD LIKE TO KNOW WHAT YOU MEAN BY 'MEDINAH HAS SUGGESTED'? DO YOU MEAN MR. OR MRS. MEDINAH? HA HA!! TIME WILL TELL IF THE RUMORS ARE CORRECT.

4- THE JV DID NOT DISAPPEAR BUT IS STILL BEING NEGOTIATED AS WE SPEAK. THE PURSUIT OF THE BEST DEAL IS THE OBJECTIVE. THERE WERE THREE PROPOSALS ON THE TABLE ACCORDING TO RUSSELL GODWIN AND THEN A FOURTH WAS PRESENTED. IN A NEWS RELEASE BY THE COMPANY DATED JULY 7, 1999 IT IS STATED THAT MDHM IS "INTENDING TO CONCLUDE A JV" WHICH MEANS TO ME THAT THEY HAVE BEGUN THE PROCESS. THE WORD IMMINENT WAS USED BY MANY PEOPLE, BUT I NEVER HEARD IT USED BY SOMEONE IN THE COMPANY AND THUS IMHO IT REMAINS A RUMOR.

5- REGARDING V.MXR, I DO NOT HAVE ANY FIRST HAND INFORMATION. HOWEVER, YOU MAY CALL RUSSELL GODWIN AT 800-547-9375 AND HE WILL CLARIFY WHAT HAPPENED. EVERYTHING THAT TRANSPIRED IS ABLE TO BE VERIFIED BY THE BCSC INSIDER REPORTS. WLD, I SUGGEST THAT YOU BE A MAN AND CALL RUSSELL BUT BE PREPARED TO VERIFY YOURSELF BY A HANDLE OTHER THAN WLD!

THE GIPPER

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