Medinah Mining Inc. (MDHM) Message Board

STOCKTALK

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 Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: RMF who wrote (8032)	12/22/1998 7:40:00 AM
From: Mike Gold	Read Replies (1) of 25548

MICAP, I think I must not have been clear. IMO, MDIN will issue shares to pay for the drilling. These shares will be registered in the name of the drilling contractor. The shares will be held in trust for a certain time period. At the end of the time period, MDIN has the option to hand over the shares to the drill contractor to do whatever they want with them or pay the contractor in cash instead.(The drill contractor will have to pay workers, equipment overhead out of on their own pocket until they receive cash or shares from MDIN.) I don't know when MDIN will be issuing these shares-I assume it would be prior to drilling at Lipangue then again prior to the Las Dos Marias drill program. This seems reasonable approach to me but no sure. It would be nice if MDIN could pay with cash at the end of the time period-of course where would they get the cash all off a sudden?--hmmm-I can think of a few sources! Anyways, the above scenero is based on bits of information-I filled in the blanks.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next