Okay Mr Those Are The Facts! Lets take a look at your statements-shall we?
"Those are the facts. CDCH came out of a reverse-split shell purchased by Les Price. In no time at all they purchased, mostly with shares, a bunch of stuff from Medinah Gold, who themselves purchased, mostly with shares, a bunch of stuff from Medinah Mining."
Cerro Dorado was formed strickly to develop the Lobo/Fortuna de Lampa claims.
CDCH paid 5.5 million shares of R-144 stock for the Lobo/Fortuna de Lampa claims which is, by far, the company's main asset. These claims were owned by Juan Jose Quiano-never owned by Medinah Gold or Medinah Mining
CDCH paid .5 million shares to purchase 60% of Ipun Island from Medinah Gold. CDCH paid .1 million shares to reimburse Medinah Mining for expenses at Ipun Island. .5 million shares remain from the original shell. 4 million shares issued to fianance exploration activities. So of the total 10.7 million shares-only about 5.5% of the shares went towards Medinah Mining/Gold-hardly what I would consider "a bunch"!
Already-CDCH actually owns outright the LOBO claims-something that took quite a long time for Medinah to accomplish for their Lipangue claims. The location of their claims adjacent to Lipangue makes it an incredible play as any Major that eventually takes out Lipangue will surely want all the highly minerlized adjacent claims. Since CDCH already owns the claims, they are already in an immediate position to deal with the Majors. I suspect that after their initial exploration phase is completed, a JV or buyout will happen soon after.
" So yes, they're recycling a bunch of properties and paying for it by printing more shares."
Recycling a bunch of properties? Hardily. Another mistatement by you.
"But at least it gives the illusion of motion.
Anyone who thinks they'll stop printing shares any time soon has only to look at what the same crew did with Medinah Mining; what was the float less than 2 years ago? 600k share? How many tens of millions is is now? And that's after cancelling the 30M common to FIRE..."
For the shares issued-Medinah has purchased and explored possibly one of the best gold properties in the world despite a huge short position and the lowest POG prices in twenty years! Quite a baragin I think!
"CDCH is going under a dime. Might be worth a shot then...but not for me. :-)"
The dime prediction is probably wishful thinking on your part.
"As for your allegations, you and your buddies are the ones spreading this fantasy of a "massive short position". You - you! - are the one who made the statement right here in public that Medinah had "proof" that Dayton was involved in this massive short position. If anybody is doing a diservice to anyone it is you. If anyone is posting half-truths or outright lies it is you."
I am capable of posting mistatements like any else based on improper DD or miscommunication. But I never intentially give out half-truths or outright lies to anyone. I suspect you can't claim the same! Your agenda or mission here would tend to get in the way if you were factual and objective!
The short position will be revealed in all its glory soon and surely Dayton's role in all of this will come out about the time of their demise!
"You seem like a nice guy, Mike, but you are in no position to be riding any kind of moral high-horse. Them's the facts, jack."
I am a nice guy but-like everyone else here-I'm in it for the money. Still-I am not going to deceive or lie to my fellow investors simply to line my own pocket!
Cheers! |
