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

To: Mike Gold who wrote (12016)	4/29/1999 10:06:00 PM
From: Syncrude	Read Replies (1) \| Respond to of 25548

Mike, I also want to thank you for your response. We are looking at a speculation for which no one has the full answer. I think that as long as the questions are not company bashing or insulting to individual posters, they should be allowed. The purpose of forums is to exchange viewpoints, not to convert everyone to a single point of view. I only came to this thread as a result of a post on the Argentina Gold forum to consider this company. Good luck to all and be careful out there!

To: Mike Gold who wrote (12016)	4/30/1999 1:39:00 AM
From: chip	Respond to of 25548

I'm just trying to figure out this transfer of properties, and I'm not sure it's going to happen like I thought. I was under the impression that conjecture was that the properties where the drilling has most recently been going on - Alto de Lipangue and Las Dos Marias - were going to be transferred to a new entity, perhaps for consolidation with some adjacent properties which might then be sold as a whole to a major. I guess this would logically become Medinah Gold. But, actually, it sounds like the reverse is the case: 3. By action of the Board of directors on April 28, 1999, all assets of Medinah Energy, Inc. -- except the Alto de Lipangue and Las Dos Marias properties -- are to be sold to the wholly owned subsidiary, Medinah Gold, Inc. The new entity is actually everything but Alto de Lipangue and Las Dos Marias. And to extrapolate from there, most of the individual shareholder's value stays in Medinah Mining (10 shares of the old company vs. 1 share in the new from the dividend), which is only these two properties? So does that mean the company places ten times the value on Alto de Lipangue and Las Dos Marias as they do on the rest of their properties? And perhaps this transfer of assets of the old entity into the new is at the core of the attempted short squeeze? Please tell me if I'm in left field here,,,,, Chip