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Gold/Mining/Energy : Medinah Mining / Cerro Dorado a place to have open discussi
MDMN 0.000001000-99.0%Jun 3 1:07 PM EDT
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From: Handshake™10/5/2007 12:09:36 PM
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from Medinah: "A) Each of the potential Joint Venture participants have timelines to present formal offers; however, as we were dealing with 12 separate groups, in all different stages of due diligence, involving numerous trips to the property to examine the workings and geological sampling, and all with different dates on Non-Disclosure and Non-Compete agreements, there is not a common formalization date. We anticipate “Plan A” completing in October. In the unlikely event “Plan B” is necessary, this should complete in November"

IMO when they mandated to the {preferred list) that they submit a written formal offer, that this now has a deadline of October 31st. If on November 1st they wake up and see that nothing has been delivered to the front door, according to Les Plan B goes to the remaining listees who will have until November 30th. It would have just been simpler to issue shares for drilling about 2 years ago and tell these potential JVers we will drill this on our own and raise the price tag to reflect. It is apparent to me it has been a poker game with no one willing to call. My bet based on HISTORY is Medinah is bluffing, but thats just based on the facts as I see them.
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