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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: Ken Sammut who wrote (10119)3/12/1999 3:22:00 PM
From: Mike Gold  Read Replies (3) of 25548
 
Exactly. However, most of managements money is locked up in preferred shares for several years-a buyout would get the money to them much quicker-perhaps they want to retire now instead of later?

In any case, it will take several years of drilling at a minimum to prove up Lipangue completely. Not exactly sure when will Medinah throw in the towel. Probably a couple of months-completion of the current phase of the drill program.
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