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

To: Mike Gold who wrote (21103)	12/10/1999 12:31:00 PM
From: superdow	Read Replies (2) \| Respond to of 25548

market doesn't seem to like it- sounds like they plan on mining marias themselves, not exactly what I had thought the corporate plan was

To: Mike Gold who wrote (21103)	12/10/1999 9:18:00 PM
From: Handshake™	Read Replies (1) \| Respond to of 25548

You are right Mike did the fund approve it??? One thing you and I are much better at these days is sifting thru the data and culling the BS and keeping credible info, even though it seems at times that pile is very very small. Also reading between the lines .... "The mining plan forms part of a major funding proposal that has now been approved by the directors and authorization has been granted to management to complete contracts" You and I and Hugh might have approved along with the board to sign the contracts and we may like the hell out of the deal, but ultimately did the "fund" go along with it.....Hmmmmmmm just a proposal!!!!, but Les has permission to sign a contract Is there anyone else on the other end of that contract? Why couldn't you just say that Medinah Mining has agreed in principal contingent on certain conditions with XYZ Corporation. That would certainly do more to squeeze what remains of the outside shorts, and give the company just a smigeon of credibility. INSTEAD, we get a release that says we have permission to enter into anyone that buys OUR proposal.....LOL!!!! Are there any takers, or who is this phantom suitor?????? "The first phase of the proposal includes the construction of a new vertical shaft to a depth of 80 meters at the Las Dos Marias property to develop and prepare for production, the high-grade ore zones intercepted by earlier drill holes. The sinking of the shaft is estimated to take 6 months, during which time additional drilling from the surface will further define the dimensions of the ore zones and guide the underground development from the new shaft. Paul emphasizes that the shaft is necessary for conclusive data concerning the continuity of gold values along the zones, the proper methods of ground support during production, and to obtain representative bulk samples for design of a mill. Financing, budgeted at US $250,000 has been arranged. Gold recovery during mine development is expected to repay most of the pre-production costs" The only reason that 99.9% (imo) are still in this thing is the creditibilty of Paul JOnes. Without meeting him and speaking with him this coonass would have been long gone a year ago. Hey CHIEF does this shaft and time frame seem realistic????? Thanks in advance! Drilling on the Lipangue property has commenced under the direction of Gordon House, P. Geo. Some initial results from the first drill hole are anticipated before year's end. Howe Chile Ltda., a Division of ACA Howe International, will be monitoring the program on a continual basis from inception. Well Hugh if they didn't start drilling and at least have a carrot of results over the next 30 days what do you think the price would do? IMO Don't look for anything until 10th and my guess is that House/drilling resumes somewhere around the 17th with results coming near the end of January. All these assay carrots with a little decent reception could hold us should the "E" hit Medinah. With the audited financials and promises thereof and watching IPVC go thru their SEC/OTC-BB stuff Carrots are going to be needed.... Lets see that should just about cover it...Oh...doesn't the Supreme Court in Chile take the month of January off, man this is deju vu!.....