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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: Handshake™ who wrote (10459)3/25/1999 9:33:00 AM
From: Ken Sammut  Read Replies (1) of 25548
 
Vinny (the stud muffin),

Just my opinion but if the company was offered a low bid (by a major)in some type of joint venture, they would and should jump on it. As you have pointed out, no one likes the dilution the company has had to go through to fund the drilling project. The money for the next 5, 10, and 100 holes will have to come from somewhere.

To me it does not matter what the average price present shareholders bought in at. What matters is the continued viability of our investment. If there is a major willing to offer $1.00 or $1.50 (per share)or somewhere in between, let's take it.

Having a joint venture partner will give the company an opportunity and cash needed to begin testing some of the other properties we own.

I rather get a few singles and doubles and still have the bat in my hand than hoping for a homerun that may or may not be coming.

Ken
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