Medinah Mining Inc. (MDHM) Message Board

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

MDMN 0.000001000

-99.0%

Jun 3 1:07 PM EST

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To: dan oreilly who wrote (954)	2/1/1998 3:18:00 PM
From: KMT	Read Replies (2) of 25548

Dan: Thanks, I was wondering about that too. It used to be 10:1, now 3:1. On a pure mathematical basis, it should be around 5:1. That's assuming all assets in each company follow the 80/20 split and MDIN doesn't increase or decrease its issue. Given that NPEC's shares in MDIN are 144 and can't be converted to cash for another 1.5 years, MDIN has stated it will be a reporting company, MDIN is getting more attention management, and MDIN is easier to move (in either direction), I'd give NPEC a slight discount on the pure ratio and suspect it to be more in the 7:1 area. MO only of course. When I see the ratio out of balance, I begin to move my allocation accordingly. The way I'm playing it is a 4:1 to 10:1 window. When the actual ratio goes outside the window either way, I begin selling one to buy the other. I believe this way I can maximize my ROI. We'll see in the next 6 months how accurate this continues to be, right now, it's helped minimize my LOI. <G> KMT

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