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

To: Jane4IceCream who wrote (12624)	5/2/1999 1:59:00 PM
From: Moonglow	Read Replies (5) \| Respond to of 25548

Jane, How's this for a try at explaining it? ok....here's my understanding of what is going on....and if I'm right in my understanding, then this has to be one of the most brilliant moves I have ever seen orchestrated. Ok...here goes my interpretation.....Medinah is spinning off a good portion of it's Chile assets into a company they are naming Medinah Gold. It is a private company. The present common stock holders of Medinah Energy will receive one share of Medinah Gold for every 10 shares of Medinah Energy they own.....in other words, a dividend. BUT....In order to receive that dividend, they first must register their shares of Medinah Energy. Jane....that is POSITIVELY BRILLIANT!!! That FORCES the shorts to cover and since the new company, Medinah Gold is private....the shorts are not able to come into it! Am I right on my take so far? People would have to be CRAZY to sell any of their Medinah shares until that brilliant move is played out. And I don't even own any of Medinah....but I am still stoked! Why? Because NPEC is due to get approximately TWO MILLION shares of Medinah Gold since NPEC is a preferred shareholder of Medinah Energy. AND...to make matters even better....for all those little Moms and Pops out there who don't take the time to register their Medinah Shares, then that means that NP ENERGY stands to receive even a BIGGER percentage of Medinah Gold. AND THAT, my friend, puts NP ENERGY right back into the bigtime in Chile again. How's that for an explanation? Juanita

To: Jane4IceCream who wrote (12624)	5/2/1999 2:19:00 PM
From: Richard S. Gates	Respond to of 25548

It's time to revisit the FACTS when evaluating MDIN and not be swayed by chatter from SHORTY! A business associate of mine correctly told me on Friday, April 30, 1999 that the machinations of how MDIN trades and why may be interesting but the focus of any investor should be on the established FACTS! Let's take another look at the FACTS: 1- MDIN has moved from approx .08/sh to approx .50/sh since January. This is a six-fold increase in four months. All this mind you in conjunction with increasing good news. 2- MDIN has found significant gold values, even though some are lower than we would like them to be, in eight of nine holes drilled. 3- MDIN has found significant copper values in the majority of the holes drilled. 4- MDIN has had major mining companies all over the properties showing serious interest. The properties are namely LDM & LIPANGUE. 5- MDIN has recently cut out these two mine areas from the remainder of the corporate assets in the following manner: MDIN now owns only LDM & LIPANGUE. MDIN created a new corporation MEDINAH GOLD for the balance of the assets, and announced a stock dividend to shareholders of record as of May 7, 1999 on a one for ten basis(One share of MEDINAH GOLD for each ten shares of MDIN owned). 6- MDIN & CDCH have embarked on improving the existing road from LDM to Lobo Solitario which is on the property adjacent to the LIPANGUE area, as I understand it. The cost is expected to be $60,000.00 and is to be split 50-50 by MDIN & CDCH. This may be under way now and the purpose is to enable large equipment to access the mine areas. 7- I believe this could also be considered a fact, that the principles of MDIN have purchased at least a controlling interest in CDCH (Cerro Dorado) if not the entire shell. In any event this costs money as does #6 above. In view of these FACTS, why do you suppose any insider in his right mind would be motivated to sell shares of MDIN as some have suggested on SI, or for that matter, why would anyone want to sell shares in MDIN at this point, especially selling short? A legitimate profit taking move is understandable but to this writer it seems premature at these price levels. The FACTS seem to say that the company is moving along in a very satisfactory manner, covering all the bases, and should be quite attractive to a potential investor at this point in time. If anyone is short this stock, they should abruptly buy out and go long for their own best interests.At this point it is poor judgement at best to remain short and it is especially poor judgement to continue to short this company. In my humble opinion, the risk has been largely removed from this investment, and a prudent investor should jump on board quickly. I am very long and intend to remain so until something comes out of the blue which materially changes the FACTS! The Gipper