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

To: KMT who wrote (1917)4/9/1998 10:19:00 AM
From: WHL  Read Replies (1) | Respond to of 25548
 
Kevin: I'm glad you mentioned that "the company will set aside a percentage of revenues from the production of gold on the placer properties with the intent of purchasing back Medinah shares."
All by itself, the buyback alone is huge IMO.

PS. You used $5.00 per ounce as the value in situ. I'm sure you meant $50.00 for $400 MM in situ (that's $10.00 per MDIN share!) just from Carin and Puange (the placer properties).

BTW: I just noticed that MDIN went over $.50. That means that the bid automatically drops to 25(00) shares from 50(00). That is automatic and the result of the Nasdaq BB system. Please don't anyone think that it is because interest in buying the stock is waning...



To: KMT who wrote (1917)4/9/1998 10:22:00 AM
From: Handshake™  Read Replies (1) | Respond to of 25548
 
If I were a big fish such as American Barrick, Homestake, Freeport I wouldn't want another big fish next to me. Since Medinah now owns the country of Chile, it would seem prudent that the big boys gobble up MDIN before its too late. IMO :-)


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