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

To: Handshake™ who wrote (1711)	3/28/1998 9:05:00 AM
From: WHL	Read Replies (2) \| Respond to of 25548

Perhaps an announcement that management has authorized a share buy-back program would help. If the company authorized $20,000 a week to repurchasing stock out of the market, they could retire 60,000 shares a week at current prices to use for future property acquisitions and for employee benefit programs (eg. satisfying option programs). After a month they would have accumulated 1/4 of a million shares as treasury stock. After a year they would have cut the public float by almost 20% (2.5 million shares). Such a program would indicate that the company feels that the stock price is undervalued and worthy of its attention. PS. This would still leave $50,000 a week of net proceeds out of the Santiago property for further equipment purchases/upgrades and for general corporate business overhead.