WOW these results are staggering, especially for a .50 stock. Buy it while its cheap folks. It would be interesting to compare the reserves of others in Chile (ie DAY and BGO) to MDIN. Also, if memory serves me correctly, Bre-X went from around .50 to over $100/sh based on estimated reserves of 70 million ou. Now we all know what happened with Bre-X, and thankfully we have INDEPENDENT THIRD PARTIES who have verified the results.
Lets say we are at 30 to 35 million ou, based on Bre-X run, we could go to half, or approx $50/sh?? Seems far fetched and I know things may have been different with Bre-X, ie number of shares, higher price of gold etc, but the thought is intriguing, and with MDIN buying shares back, we will have low shares in comparison with a lot of other mining companies. Lets say we do half of that, $25/sh, or even a quarter of that, $12.50/sh. Any way you cut it, its a heck of alot higher than .50.
I think it is very important for the company to get off the bulletin board ASAP. Getting onto NASDAQ small cap, big board, or AMEX would open up MDIN to funds and many new investors who cant or wont invest in BB stocks. I hope they do this soon. This would also alleviate the many fears related with BB stocks of being delisted this summer via NASDAQ new rules.
Its my understanding that MDIN has met ALL requirements for remaining on the BB, but nonetheless, it would be much much more beneficial for them to be on a major exchange. Heres to the rest of the day and next week.
I think we should also change the name of the company for several reasons, one among them is that we are not an energy company. The other is to get the shorters out.
BTW, does market close early for Good Friday tomorrow? GG |
