Medinah Mining Inc. (MDHM) Message Board

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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: RMF who wrote (10753)	3/31/1999 8:26:00 PM
From: Trader J	Read Replies (2) of 25548

MICAP: When you have no cash to pay for goods and services, and no history of profits to secure financing for operations, you are left with only one avenue...further dilution. The problem is that these shares will almost always be immediately taken to market and sold which is where most of these liquid shares are coming from. They are most likely even enough to satisfy the recent interest that MDIN has generated through their PRs. Further dilution can be expected as long as they keep drilling, pure and simple. Not just drilling, but any further operation. This will also be a significant factor should they decide to become a mining company and decide to stockpile ore. No cash causes major, major problems. Every share issued is more that a major would need to buy. I myself like to use nice round figures for a buyout...and I was using $500M which roughly would have equated to $5/shr. With this scenario, every 10 Million shares equals roughly $0.50 of share price. And that assumes we have enough ore for a $500M takeout...which is subtantial. TJ

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