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


To: PvG who wrote (10387)3/23/1999 10:22:00 PM
From: Jack Colton  Read Replies (1) | Respond to of 25548
 
Are we rich yet?



To: PvG who wrote (10387)3/23/1999 11:10:00 PM
From: on parole  Respond to of 25548
 
"If the news is supposed to be so great why isn't there significant buying?"

PvG, this seems to be the million dollar question. As you stated there is not massive dumping of shares either. I went to a broker's office today and watched some of the real time trading of MDIN. He ran off the trades and there is nothing unusual looking, small blocks being passed back and forth. There are many MMs involved with this stock and it is heavily manipulated IMO. Also since this is a non reporting company I believe that none of these releases are going to do much for the price. A buyout is the only way we will get fair value for this stock. I think we could be at much higher prices if this was a reporting company. Since we are not will there ever be enough sustained buying to push the price much higher and potentially cause a short squeeze? I think not. We have mostly a lot of internet participants, some holding, but many trading for doubles and triples and there is not enough outside sustained buying to make it happen.



To: PvG who wrote (10387)3/24/1999 8:00:00 AM
From: Handshake™  Read Replies (2) | Respond to of 25548
 
"I know, over the next couple days they will settle the Dayton lawsuit - causing a huge increase in price, finalize the Russian deal - causing a huge increase in price, secretly conduct a share buy back program - causing a huge increase in price, become a reporting company and get listed on a European exchange -removing resistance to price, and don't forget the massive short drop causing a ____ in price!"

What do you base this knowledge on. We have heard this for over four months. The Dayton decision was due any day any day any day..only to have been given the excuse "the courts have taken the whole month of February off", then once court resumed..any day any day any day only to see a letter from Quijano that said in DECEMBER that it would be sometime in April/Mid year. The Russian deal has supposedly been in the final stages since December, with the proceeds going to assist the share buy back. Just how long would it take them get their monies together. I questioned whether it was the DL 600 keeping the monies away, and was told "if there's a will there's a way", so I'll believe it when I see it. The European exchange is a farst in that they required audited financials and there listing committee must approve any new listings. I would doubt anyone on the inside of that committee could pull any strings with a listing unless it had audited financials. I do have the link if you would like where you can check anticipated new listyings... The short position according to shareholder list numbers is wayyyyyyyyy away from being a squeeze, soooooooooo when you say what you have said you sound like a broken record thats needs to be fixed by the company with creditable assays, audited financials, a Chilean court decision, a deal with someone like Newcrest @ Andacollo, Caten production, and etc. etc.....