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

To: Geoff Coates-Wynn who wrote (10886)	4/5/1999 11:19:00 AM
From: Joe Bilich	Read Replies (1) \| Respond to of 25548

If in fact MDIN bought the WAMC shell (who knows), then there is another possible tactic here. MDIN does not have to take on the WAMC mantle, they could vend certain assets into it, and issue those shares to current MDIN shareholders as a dividend. We have already noted that MDIN has more properties than it can handle (ir finance) right now. This could effectively separate Lipange from the Andacollo assets, which would allow MDIN to sell off the Andacollo assets (which it really can't finance anyway!) cleanly upon some kind of settlement with DAY (or the DAY bond-holders) while retaining Lipangue. Issuing the WAMC shares to shareholders as a dividend would also obligate shorts to come up wih those shares (in WAMC)--not sure whether an illegal short would care but it sound like a good tactic. Would be even better if the assets vended into WAMC were attractive to a major (like someone wanting to buy and consolidate all the Andacollo operations?) which would create demand for those shares and close the obvious door of allowing shorts to just wait until the WAMC shell cratered again. Plausible--yes. A stretch and some wishful thinking--sure is.