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: DR. MEADE who wrote (6241)	9/21/1998 5:35:00 PM
From: Mike Gold	Read Replies (3) \| Respond to of 25548

Well guys, it looks pretty bleak. From a technical standpoint, there is now no bottom-no resistance between 8 cents and zero. It is obvious that MDIN has no money-all the money they derive from selling shares is going toward debt on the properties, to Noble House for promotion, to drilling and other exploration costs so we can only expect ever increasing dilution at this point until the company stops becoming an active idenity. I'm guessing with tax selling season coming on soon-looking at a 1 or 2 cent stock in a couple of months. The only possiblity that this won't happen, of course, is what the drill results show at Liapangue. If they are anything short of specutacular-we are history. I suggest nobody average down at this point. Wait until the drill results come out. If they are good you will still have time to make a lot of money before it runs up. too much. Myself, I'm planning on going down with the sinking ship. Probably abandon all hope if the drill results are crap or they don't appear for some reason. I will not buy any more shares for any reason whatsoever. Whoever is planning on attending the meeting in October-please bring tomatoes!