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Gold/Mining/Energy : Medinah Mining Inc. (MDHM) -- Ignore unavailable to you. Want to Upgrade?


To: Mike Gold who wrote (15827)6/21/1999 10:25:00 AM
From: Handshake™  Respond to of 25548
 
Hey coug isn't he amazing...someone you would want to bring home to meet yur moma!!!

Thanks Mike...again, & again, & again, & again....



To: Mike Gold who wrote (15827)6/21/1999 10:30:00 AM
From: K. Kornelson  Respond to of 25548
 
Hey Mike,

Have you had time to look at this?

Medinah Energy, Inc. - News Release

Trading: OTC-BB
Symbol-MDHM
CUSIP# 584894 10 9
Tel: (909) 245-9498
Fax (909) 245-9438

Medinah Mining announces the
discovery of a new high-grade gold vein at
the Alto de Lipangue, Chile.

Lake Elsinore, CA, June 18, 1999 … The recent diamond-drilling program at Medinah’s Las Dos Marias mining
project intersected a shear/vein structure containing high-grade gold. The vein is 7 meters wide and averaged 37.3 grams (1.2 ounces) of
gold per tonne over 5 meters. A 1-meter section assayed 122.2 grams (3.9 ounces) per tonne of gold and 52.2 grams (1.6 ounces) per tonne
of silver. Company Geologist, Mr. Gordon House, P.Geo., in his report of June 7, 1999, has recommended 13 drill holes over a strike length
of 600 meters to extend the discovery zone. Should the vein be consistent in width and grade over the 600 meters strike length, $200
million in gold reserves would be inferred.

Mr. House indicates that there should exist a series of these shear vein structures in the DDH DM99-02 area, as well as at the discovery
hole DDH L99-03, at Alto de Lipangue. During a recent reconnaissance of the Millalelfún and Gordon claim areas, Sr. Juan Jose Quijano
and an independent geologist discovered a large new shear-type vein less than 1 km from the Alto de Lipangue DDH L99-03. The vein was
observed to be at least a kilometer in length and returned assays of 77.5 grams (2.5 ounces) of gold per tonne.

This new discovery confirms Mr. House’s theory of the existence of a series of these spectacular high-grade veins and also
indicates that the high-grade gold zones encountered at Las Dos Marias also occur in the copper-gold rich Alto de Lipangue Breccia area.



To: Mike Gold who wrote (15827)6/21/1999 10:59:00 AM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
In addition, Asarco purchased 500,000 common shares and 500,000 warrants for a total of Cdn.$625,000. Each warrant entitles Asarco to purchase an additional common share at a price of Cdn$1.30 per share until June 21, 2004.

Thge part that I liked was the word PURCHASED

KaBOMB!




To: Mike Gold who wrote (15827)6/21/1999 12:05:00 PM
From: Richard S. Gates  Read Replies (1) | Respond to of 25548
 
Mike:

I would like to know your opinion as to why people continue to sell the stock at these low levels. I can see why someone would sell at a higher price and trade the stock, but to sell at these levels doesn't seem like a good plan. This is not new and I'm sure that it is not all short selling, it just seems like people getting out at low levels. The news has been good, even the optimistic forecast like the one on Friday which needs to be substantiated with drilling, but still the selling goes on at cheap prices.

I've been told that there are a number of reasons why people sell, like raising money for other needs, etc., and don't try to figure it out, but the thought still haunts me why do they sell at these levels?

Maybe you could shed a little light on this!

The Gipper