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: on parole who wrote (10448)	3/24/1999 10:21:00 PM
From: Madeleine Harrison	Respond to of 25548

FS, I agree with you. M

To: on parole who wrote (10448)	3/24/1999 11:22:00 PM
From: russn	Read Replies (1) \| Respond to of 25548

How do we know we have a mine??

To: on parole who wrote (10448)	3/25/1999 8:58:00 AM
From: Jim Gold	Read Replies (3) \| Respond to of 25548

It would appear to me that the question of whether the hill becomes a mine is only relevant when answered by geologists with a stake ie. those working for potential buyers. It is my opinion that Medinah would discontinue the drilling program if they weren't just trying to enhance share value by firming up estimates of what is there before a buyer finally decides that enough is known to risk a buy. I think that buyer interest must already be evident based on the continuation. The earlier the buy offer the lower it would be to justify the "risk." It would seem to me that the success of a low bid would be influenced only by what the majority of the shareholders would be willing to sell at because any early bid would, in reality, be much lower than the company is worth to the buyer. This all brings me to my question. Does anyone have a feel for the cost basis of the majority of the share holders? I have been led to believe that there may be a fair amount of shares that were bought for as much as 2.00 early on.