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: EtTuBrute who wrote (8391)	1/17/1999 9:50:00 PM
From: Handshake™	Respond to of 25548

To: Mike Perras (1971 ) From: robert azana Sunday, Jan 17 1999 9:02PM ET Reply # of 1973 Since ABX is a JV partner, wouldnt they have the drill results prior to the General public. Its interesting to see an unofficial offer at $5.50, when at that time there was only 2 Million proven. We know that Newmont is still on the property. What I am getting at, ABX has to make some serious decisions, they are committed to spending upwards of a Billion dollars to develop, ten million ounces, on the other side of the mountain, whereas, with a little bit of luck ARP, could have 20 Million ounces plus! Even DONALD TRUMP, had to pay a PREMIUM, for some MANHATEN REAL ESTATE, that he didnt get CHEAPLY! Such is Life! Gary lets pull our money together and stake some of the property on the Chile side...a little insurance so to speak...

To: EtTuBrute who wrote (8391)	1/17/1999 9:53:00 PM
From: StaggerLee	Read Replies (2) \| Respond to of 25548

Gary, most public companies only get audited once a year -- typically at year end. It would be rare for any public company to request an audit as of an interim date unless there were a significant transaction or other event going on. Quarterly reports are almost always unaudited, though they are often reviewed by the company's CPA firm. From what I can tell, and I may be wrong, but it looks like MDIN never gets audited. As a shareholder, I don't know how you can live with that. Why doesn't the board of directors demand it? It's among the most basic foundations of a sound internal control environment. Even the statements published by management on their web site are unconsolidated and otherwise incomplete. It's beyond me why they would stick their necks out like that. What's with that "Advances to subidiaries" asset, anyway? Wouldn't that eliminate in consolidation?