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


To: findstock who wrote (10216)3/16/1999 2:09:00 PM
From: PvG  Read Replies (1) | Respond to of 25548
 
INVESTOR REP CONVERSATION.

Below is based upon my conversation with RGM.

Fourth hole is finished. - This was a 60 degree reverse angle hole. Stopped drilling at about 210 or 220 meters due to the condition of the rock. Kept breaking drill bits and damaging the drill. No word as to results.

Fifth hole is in progress. Have gone about 150 meters and plan on going to depth of drill (about 300 meters). From 103-113 saw visable Chalcopyrite. Mike Gold or another techy can comment on what this means.

Probably going to do 3 or 4 more holes in this program.

RGM is waiting to hear about a press release, could (note that says could not will be) be today or tomorrow.

____

I hear rumors of majors talking with Medinah, anyone have more definative information. 1) who are they, 2) what stage they are in, etc. etc. etc.

Trust this information is useful, again the source was the investment rep.

I frequently invest in small cap stock with low volume (sometime no volume). My experience is that it is not unusual to see fairly good fluctuations on low volume. I note the price may be dropping but there hasn't been significant volume. IMO these stocks tend to trade more in channels (which my unprofessional opinion currently is $.30 to $.40) I may get worried at a drop below $.30 or excited about a breakout over $.40, but movement inbetween is just noise.

Hoping for a great announcement.

By the way, does anyone have a copy of the Geodatos SAIC geophysical report they could post or email me? I'm studying Gordon Houses report and he refers to Geodatos report several times.