SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Medinah Mining Inc. (MDHM)
MDMN 0.000001000-99.0%Jun 3 1:07 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rhr who wrote (22383)6/8/2000 1:34:00 PM
From: Mike Gold  Read Replies (2) of 25548
 
Regarding delays:

Delays with getting the financials out are very clearly the fault of the auditor in this case and beyond Medinah's control. Medinah, IMO, made a poor choice in their selection of the auditor-but once you make the decision-it's hard to switch course in mid-stream without making the situation worse. It does appear that little if any work still needs to be done to get the financials to the SEC.

Delays with Funding are very clearly the result of the preferred funding source that Medinah has been working with.
They have strung things out a lot longer than anyone could have reasonably guessed. Medinah wisely has 3 backup funding proposals if the primary falls through at the last moment. IMO, that will NOT happen and Medinah will be the best funded junior mining company that I know of without a doubt.

Hang in there and be careful not to stumble at the end of the road. I hope for everyone's sake that they have a long-term perspective investing in Medinah. Those that jumped in recently to make a quick buck were certainly dissappointed when certain deadlines came and went. Oh well.
Patience is a virtue. Good luck!
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext