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


To: Handshake™ who wrote (7232)11/19/1998 9:10:00 AM
From: superdow  Read Replies (1) | Respond to of 25548
 
At $60 per meter thats only $162,000. They would only need
to issue 2M additional shares and still have plenty of cash
left over....So do we really need to obtain outside
financing for this? For that matter why bother with the
bidding process, just get the first driller available!!! The
longer we wait for these results the more dilutation that
is going occur--especially if the Day suit turns sour.

How common is it for the geo to recommend drilling after
an IP? Is the fact that drilling has been recommended
a significant victory?

P.S> make that 3M shares ):