Mining Play of 2007

Click on http://miningplayof2007.com/forum/index.php?action=register to register.

Feel free to play around and figure a valuation for MDMN & CDCH. You can change the values in yellow and see what it does to the potential long-term share price.

Remember, this has no basis in reality unless such a JV is consummated.

If you click on the spreadsheet name “MDMN & CDCH Valuation” below, you’ll leave this page and go to a slightly better editing page that allows you to see the full sheet.

POST UPDATE:

It has come to our attention that Medinah Minerals, Inc. has disassociated itself from this spreadsheet.  We believe this is clear to most people, but for the record, the companies, Medinah Minerals and Cerro Dorado, have never been associated with the spreadsheet or with the MP2007 Web site.  This site is run solely by Golden Tsunami, LLC for the benefit of sharing information as a community of shareholders of the two companies.

We have zeroed the values in yellow to allow you, the user, to put in values you feel are warranted.

A big thanks to Dr. Kleen for sharing these with us!

I’ll post the AGM in the next week or so.

Here is a recording of the AGM by one of the shareholders.   A big thanks to DR for passing it on.

Medinah Minerals AGM Recording

Here is a slide show of various photos related to Medinah Minerals:

Medinah Minerals Slide show

Medinah Minerals (MDMN) has posted the announcement for the upcoming Annual General Meeting on their Web site. According to people who have called management, the exact location and issues to be voted on will appear in an upcoming announcement. The meeting for Cerro Dorado (CDCH) will likely be at the same place later on in the day as it was for the previous AGM.

Join us for discussion on this and other topics concerning MDMN and CDCH.

Continue Reading »

In 2006, Medinah Minerals (MDMN) and Cerro Dorado (CDCH) ranked in the top 50 of gold mining companies with respect to share price appreciation according to Gold Drivers. Medinah opened 2006 at $0.0036 a share and closed 2006 at $0.021. Cerro opened 2006 at $0.012 and closed 2006 at $0.07. Oddly enough, both companies posted the same amount of appreciation, a 483% gain.  After an exciting AGM near the end of 2006, many of us thought 2007 would be our year and we named this shareholder site, “Mining Play of 2007″.

Unfortunately, for eleven and a half months our hopes were deferred. The desire to see Medinah Minerals and Cerro Dorado become the envy of the junior mining community seemed thwarted on every side. The companies released very little information other than, “we are continuing to negotiate….” There were rumors of a forthcoming signing every week or month, but none of them ever panned out. The Scriptures say that, “hope deferred makes a heart sick.” Many of us can attest to the truth of that as our hope was drawn out and almost died.

On Friday, November 23, 2007, Medinah Minerals closed at $0.0195 and Cerro Dorado closed at $0.069. They were slightly down for the year and languishing in the bottom quarter of the rankings. After the close of business on the 23rd, Medinah Minerals issued a shareholder Q&A that simply stated:

“There will be no Q&A postings for the next 2 weeks as Les Price, CEO will be in Chile on business.”

Hope was restored! Many figured there was only one reason for the CEO to head to Chile and that was to close a deal. It is just about two weeks since the Q&A was posted. Rumors are abounding at this point. Has a binding deal been offered? Has it been accepted? Is it with a major? Are our renewed hopes going to be confirmed or is this another stepping stone to “Mining Play of 2008″?

We won’t have to wait much longer to find out to the answers. One thing is clear, the market has started to change and the assault up the rankings to becoming the Mining Play of 2007 has begun. A look at the aggregate volume for the last two weeks tells the tale.

 CDCH        open      high     low     close    change       volume
 12/06/07   0.0735   0.0850   0.0730   0.0800  +0.0075     5,952,625
 11/30/07   0.0690   0.0750   0.0650   0.0725  +0.0035     3,446,450

 MDMN        open      high     low     close    change       volume
 12/06/07   0.0250   0.0365   0.0250   0.0345  +0.0095    26,001,951
 11/30/07   0.0200   0.0250   0.0180   0.0250  +0.0055    16,986,347

As it currently stands, Medinah Minerals is now ranked 89th with a ytd gain of 64.3%. Cerro Dorado is ranked 207th with a ytd gain of 14.3% A JV with the right partner will send us catapulting up the charts. Is it our time?

As reported on Medinah’s and Cerro’s websites, CEO Les Price has left for Chile for two weeks.  Long time Medinah watchers believe that Les along with Company President Juan Quijano will sign a JV agreement with a consortium of major mining companies sometime during Les’s stay in Chile.  The much anticipated JV annoucement is expected to be the catalyst to make Medinah/Cerro the best mining plays of the year. Please join us in the Discussion Forum section of Mining Play to follow the latest developments.

The MP 2007 Discussion forum is now open for viewing by guests. (MP still is not accepting new members at this time.)  Please stop by and read up on the pending JV which will be the catalyst for the biggest mining play of 2007.  Below is a sulfurious adit inside the mountain laden with mineralization

MP2007 is no longer accepting new members at this time. (Note: Existing members should contact MP Admin if they have a friend who they would like to access MP.) However, the forum will be open to all guests for viewing after the anticipated JV is announced with a major mining group. Continue Reading »

SHAREHOLDER UPDATE
September 28, 2007

Dear Shareholders:

Weekly, from July 10, 2007 to date, we have posted answers to the most commonly asked questions posed by shareholders. We have also provided a “link” to the American Registrar & Transfer Co. website to assist our shareholders in answering questions relating to topics such as lost certificates, registration, etc.

We trust that the Question and Answer Forum on the Company website has assisted you in following the activities of Medinah Minerals, Inc. We will continue this process on an every 2-week basis unless it is deemed that an immediate answer is essential to clarify a specific matter for our shareholders.

As previously disclosed, Company Management has been negotiating a Joint Venture (JV)/Sale/Production Holding deal specific to the Alto de Lipangue property with a long list of major mining companies. It should be noted that several of the entities have initiated terms and conditions sheets as a precedent to final offers of purchase or Joint Venture.

The final list of interested parties has been narrowed down to those that Management feels have demonstrated “real” intentions towards the project that best reflects the common goals and interests of Medinah Minerals, Inc., and its’ shareholders.

Management has mandated that the final preferred list of companies’ present formal offers that involves the final level towards closing. A formal offer is one that if agreed to and signed by Medinah Management, is binding upon the other party.

Management has researched the best strategy regarding the tax treatment of each of the proposed final transactions. This action by Company Management is an integral aspect in constructing an advantageous Business Agreement.  Poor tax planning will inherently create negative costs for the project. Company Management is actively conferring with tax experts to base the most plausible strategy going forward.  Taxes for production, production JV or outright sales are complex and treated differently. This is the final step forward toward the completion of a Business Agreement for the Alto de Lipangue project. 

Les Price
CEO