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Posted On: 08/28/2012 12:28:39 AM
Post# of 99221
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Posted By: Big Tuna
Re: HIstocks #10279

I would agree with both of those statements on a technical basis. But should MDMN receive the funding from the Purchase Agreement, you'll see CDCH immediately be dragged upwards with MDMN. The Lipangue project is approx 44 sq miles MDMN and 6.5 sq miles for CDCH. Since the complicated partnership structure involved with the 4 or 5 partners within MDMN's agreement is for a much larger and difficult deal, closing the much more simplistic CDCH PA with only one partner and just 6.5 sq miles will go much quicker than what MDMN had to work through. So common sense would dictate that since the CDCH will move much quicker, the stock will follow MDMN up once the news for MDMN is released. Additionally, CDCH has a share structure almost 1/5 of MDMN's. With approx 239 mil shares being held by only 27 shareholders, CDCH is very tight. The OS is 197 mil but there are over 500 shareholders. And yes, you are reading an OS of 197 with 27 shareholders owning 239 mil. CDCH and MDMN are believed to be sitting on one of the largest discoveries in 30 years per four independent geologist reports.


So I personally am looking at CDCH as a materially driven event rather than as a chart play at the moment, and the stock will be driven very quickly over $1.00. I expect that before the year is up with CDCH. We'll see soon.


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