Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Handshake™ who wrote (1705)	3/27/1998 11:30:00 AM
From: Val Ryjouk	Read Replies (2) \| Respond to of 25548

Let's assume a situation, where MM's are not the evils, but people, that just sell and buy on supply/demand. I wouldn't like to discuss the real situation, 'cause no one will give me 100% guarantee on this. But, what do you think is the second biggest reason (besides MM's), that holds stock with so many developments down. What was the reason the stock price went from $2.5 to $.5? Why don't we have buying interest with all the news? And, please, don't consider me as shorter, or one trying bring the stock down, because I wish this stock to go all the way up. Really. Val.

To: Handshake™ who wrote (1705)	3/27/1998 11:38:00 AM
From: WHL	Respond to of 25548

Assets, assets, assets and Patience, patience, patience- will put an end to the $.35 MDIN. From your post I see that Dayton has "$95 million" in cash. They also have a price of gold that is insufferably high. "Cash cost per ounce (US$/oz) $251 [for 1997]." They stated (as I had guessed in previous posts) that they had an unusually high PoG in 1997. {This was probably partly because they did not want anyone like MDIN hanging around them acquiring properties- oops too late.} But they will benefit from dropping their cost of gold production, even when they return to better grade deposits for further mining in 1998. MDIN's Mercedes property alone would drop their price of producing gold by $10.00 per ounce. Acquiring it will permit Dayton to expand/connect its existing mines, as appropriate. On 100,000 ounces of production in 1998 that would save them $1,000,000. For the 30 year life of the mine it's more like $40,000,000+ [ignoring for the moment the value of the 250,000 ounces that are already proved up on Mercedes]. So the present value of this little treasure to Dayton is about $25,000,000. Well, if they want it they've got to buy El Toro, Churramata, Violetta, Grupa Santiago, etc. I have heard that Dayton's already done some drilling on these other properties of MDIN before they were chased off. Total package $120,000,000+ ($3.00 per share of MDIN). But DAY's only got $95,000,000 that's liquid. Ah, here's where good negotiators show their colors. Maybe a deal can be worked out and Dayton employees can wash MDIN cars on weekends or something.... Perhaps $2.75 per share of cash & securities in the bank would finally get MDIN out of the $.35 range? What's your opinion?