MDMN.PK

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Profile: 

Medinah Minerals Inc.
3960 Howard Hughes Parkway
Suite 500
Las Vegas, NV 89169
United States - Map
Phone: 702-990-3770
Website: http://www.medinah-minerals.com

Details   
Index Membership: N/A
Sector: N/A
Industry: N/A
Full Time Employees: N/A


Business Summary   

Medinah Minerals Inc., a junior mining exploration company, engages in the exploration and development of mineral properties primarily in South America. It primarily explores for gold, silver, copper, and molybdenum. The company was incorporated in 1989 and is headquartered in Las Vegas, Nevada.

[setravis]

Medinah Minerals Inc. (PINK:MDMN) Keeps Breaking the Range

By Violeta Slavtchevska
Date: Dec 29, 2010
Yesterday, the share price of Medinah Minerals Inc. (PINK:MDMN, MDMN message board) made another large jump up that led it to another subsequent and much higher yearly high. The surge from the last two days appears to be supported only by rumors and speculations.

The company has not issued any press releases or made any SEC filings, but its stock price suddenly bounced up the normal trading range last week.

The bounce from yesterday was 27.08%, counted from the previous day close, and the stock closed the market at $0.061. Huge trading volume of 14.58 million shares allowed for a new 52-week high at $0.07 during the session.

It looks like the recent share price action is supported solely by some ongoing Joint Venture rumors spread among traders on an online message board. Yesterday afternoon, even a "Shareholder Update" signed up by the company's President was published on ihub. According to the post, MDMN has now entered the final stage of the negotiations for a Joint Venture Agreement for some property in Chile.

That JVA is supposed to be officially announced with all its details by mid-January next year, subject to the receipt of some funding on or before the same date. Further, the "update" claims that MDMN Management is preparing another JV for some other mineral claims of the company.

Medinah Minerals' only available recent financial reports give extremely limited information about the company's current activities and future plans. Its assets consist almost entirely of the $6 million capital costs of some mineral properties in Chile, which some traders seem currently to consider as holding much higher future value. Also, MDMN reports minor revenues for the nine months ended this September, the sources of which remain unknown.

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Medinah Minerals Inc. (PINK:MDMN) Attracts Shorters with a Chart
Medinah Minerals Inc. (PINK:MDMN) is surging decisively up over the last three trading sessions. Without even any trading alerts coming up as a reasonable explanation for the consecutive jumps up, only the good technical indicators and the running JV rumors attract more buyers to the market.
Dec 29, 2010

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MEDINAH MINERALS INC.
JUAN JOSÉ QUIJANO FERNÁNDEZ
ABOGADO
Shareholder Update – December 2010

Dear Shareholders:

Medinah Minerals, Inc. Management has now proceeded to the finalization stage of the Joint Venture Agreement (JVA) on the Alto de Lipangue property in Chile. A recent series of meetings conducted in both Miami, Florida, and Santiago, Chile has resulted in a conclusionary JVA encompassing all issues and legalities necessary, and legally required of each of the respective parties.

The caveat warning of the JVA finalization will be the actual receipt of the initial tranche of funding that is slated to be released on or before January 15, 2011. The Company will then be released from various Non-Disclosure Agreements and full disclosure can then be made as to the complete terms and conditions among the parties to the Agreement. In preparation, the companies have initiated an early set up of the needed exploration and development program under the supervision of an internationally recognized company. Simultaneously, the companies will undertake the reality of allowing/commencing a production program at the Las Dos Marias gold and copper claims.

If all matters proceed as stated and planned, Medinah Minerals, Inc. will call for and host an Annual General Meeting for Shareholders that will be scheduled on or about the end of February, 2011.

Ongoing negotiations by Management have concurrently continued regarding a Joint Venture Agreement as to the POLO claims in which Medinah Minerals, Inc. owns a 15% interest. Completion of Agreements and startup of a viable exploration/drill program is anticipated to begin early in calendar year 2011.

The Pumillahue project, in which Medinah Minerals, Inc. holds a 5% interest, has encountered some difficulties. An internal review resulting in a reorganization/buyout plan is on the negotiation table. Medinah's holding is a minority interest and the Company will monitor the developments and report results to the shareholder body when determined.

May the Holiday Season bring to each of you and your families the happiest of Yuletide Festivities. We wish to extend to all our loyal shareholders our sincere gratitude for all your support throughout the past "difficult" year of trials. The Company is truly looking forward to "at last" being able to report major developments in the ensuing New Year.





Thank You,



Juan José Quijano Fernández
President

[setravis]

Trying to find out as much as i can about this pinkie...
http://www.theminingplay.com/
http://ipennystocking.com/MDMN
http://www.medinah-minerals.com/shareholder_letter_102009.html

[setravis]

Speculative mining issue, Let's watch it...
Could be a big winner


Technicals
Record Price High
Most Actives
Percentage Gainer

Last Price Quote is:
179.58%above 13-day EMA
237.99%above 50-day EMA
RS Rating: N/A 

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Today's closing chart...

[setravis]

The company has done an excellent job of kicking out the "shorts" and possibly "illegal" positions.
They have got a nice chunk of cash to continue to execute their business model, and a great piece of property...looking for 80 cents to 1.00.........someday.
I suggest going long now!

[setravis]

Insiders buying...
Could be a big winner! 

Day's Range: 0.0940 - 0.1399
52wk Range: 0.09 - 0.1399
Volume: 14,406,464
Avg Vol (3m): 2,540,370
Market Cap: 88.03M


Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
26.87%above 13-day EMA
19.39%above 50-day EMA
RS Rating: N/A 

[setravis]

this mornings, updated chart look...

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updated chart look...