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


To: PvG who wrote (10141)3/12/1999 11:23:00 PM
From: bully  Respond to of 25548
 
Only a reporting Company would be obliged to reveal where the $$$$$$$$ derived from the "massive" dilution of Shares have been administered, the rest is just "Yupidy" "Dup"

"BULLY"



To: PvG who wrote (10141)3/12/1999 11:54:00 PM
From: RMF  Read Replies (2) | Respond to of 25548
 
What's this negotiating with the Russians stuff.

If this deposit is already proven up, as Mike says, why not negotiate with Barrick? They won't buy it, but if the geology is that great they would certainly JV. They'd want 50-60%, but if they're going to piddle around issuing another 40 million shares in drips and drabs, the current shareholders will be diluted that much anyway and it will take forever to prove this up.



To: PvG who wrote (10141)3/13/1999 7:57:00 AM
From: Mike Gold  Read Replies (4) | Respond to of 25548
 
PvG, your 100 million ton estimate given to you by RGM is way on the low side based on the information I have been able to gather-way low!
Sorry about not knowing the names of the companies that have been bought out on just a few holes. I didn't know that it was that important! I have managed to gather a lot more information that I found much more relevant and interesting only some of which is suitable for thread consumption.

As for your red flag for a nonreporting company-that is a non issue. Medinah has had exhaustive review of their company by many talented individuals and come up clean. The non reporting status has given them advantages which they have used to good effect. Also, it helped the share price to drop to 6 cents which many on this thread took full advantage of-thankyou!

Your time frame of 3 to 6 months to prove up the deposit is completey inaccurate. To prove up a deposit of this size will take years. However, hopefully that is a mute point as it won't be Medinah doing the dirty work.

Cheers and have a nice day-I will look forward to your informative posts and your numbers/predications for share price value. I think $2.50/share very well could be the initial buyout offer-I think it will go higher later but lets not get too greedy!