Trader J's Inner Circle Message Board

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Strategies & Market Trends : Trader J's Inner Circle

NVDA 175.02

-3.3%

Dec 12 9:30 AM EST

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To: Coz who wrote (10656)	3/9/1999 1:52:00 AM
From: Coz	Read Replies (1) of 56535

MDIN -- this issue is coming to critical mass. The company has completed over 800 meters of the 2000 meter diamond drilling program. Diamond drilling is used to retrieve clean core samples to reveal the underlying geology. This will be followed by 8000 meters of RC (Reverse Circulation) drilling which will help indicate the consistency and range of the the geology revealed by the diamond drilling. Investors are now awaiting assay results that will be released as soon as they have been determined for the first three diamond drill holes. The proof will be in these numbers so this is both possibly the most rewarding time to invest, but also the most dangerous. The whispers and rumors fall on the side of positive returns, but no one can say exactly what is in the ground until the official figures are released by the company. In the past few weeks MDIN has been in a 30 to 40 cent trading range, and both times when the stock hit 40 cents it came down hard retracing to the 30 area. But we are so close to drill results now that it may not be possible to play this game. IR tells me they expect a PR with results on the week of the 15th. It could come sooner though. Argentina Gold just received a buyout offer from HM for $5+ in a stock swap deal. This comes this comes after their rejection of Barrick's offers which propelled the stock from the mid 30 cent area to the $5+ area. I understand that MDIN's IP/resistivy surveys returned much higher numbers than ARP's. MDIN's Alto de Lipangue property is in the middle of Chile's "gold/copper belt". The drilling assay results will tell us what metals the IP/resistivity surveys indicated. The property is located within 25 miles of Santiago at 2000 meters elevation, and contains the water resources necessary for mining. If the numbers are great, this will be a very desirable property. For further information please refer to the MDIN threads and MDIN home page and especially their IR people Russell Godwin and Earl Hope: Theads: Research: #Subject-22738 Discussion: #Subject-16900 MDIN web site: medinahenergy.com MDIN IR: 604-687-1414 and 800-547-9375 Be careful. Resource exploration stocks are never a sure thing. Make sure to investigate first and then make an educated decision.

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