Gabo Mining Ltd V.MDL

ACDC metals pty. info

[gnote1]

Found this important information on MDL

partner in Australia on this google search. 

ipo out and hoping to Dec 22, hope it helps answers some of our questions! 

https://www.onmarket.com.au/offers/acdc-metals/

[daw2]

Gnote, I'm afraid if you are relying on a 16 month old  'non-binding letter of intent (LOI)' to rescue this total ship-wreck of a joke company, you are sipping the kool-aid. medallion-resources-poised-to-partner-with-australian-company-acdc-to-bring-its-rare-earth-separation-technology-to-the-murray-basin

[gnote1]

Non binding LOI can be important for both parties. Always a good safeguard.  Medallion received founders’ stock and participated in a private placement in December 2021. It is currently holding approximately 14% of currently issued capital, and has the right to contribute up to 20% of IPO funding. MDL will have some equity in ACDC yes/no?   

[daw2]

"MDL will have some equity in ACDC yes/no? " Only if the deal is consummate; which, given MDL`s track record, has a snowball's chance in hell. Unless of course ACDC  is another MDL-like smoke and mirrors company, if so 14% of nothing is still nothing.

[daw2]

Apologies, I have somehow being tricked into posting a promo link, the one below should work: https://www.paidpromotionalmessages.com/companies/news/955846/

[daw2]

Clever little bugger got me again; copy and paste URL below should work: https://www.paidpromotionalmessages.com/companies/news/955846

[daw2]

I refuse to be beaten: If you care to see article substitute ' paidpromotionalmessages' with 'paidpromotionalmessages' in the link above.

[ausheds]

Initial drilling program completed at Goshen Central and ASX listing expected January   Initial drilling program at Goshen Central Project has completed and samples preparing for assay

[ausheds]

ACDC Metals receives ASX listing confirmation   ACDC Metals Limited (“ACDC” or the “Company”) is pleased to announce the date to commence trading on the ASX will be Tuesday 17 January 2023 at 1pm AEDT under the ticker ADC.

[moorage]

  Medallion currently owns 4.8 million shares of ACDC, or approximately 15% of ACDC’s issued capital before the IPO. Upon successful completion of the pilot plant utilizing MMP, Medallion will receive an additional 2.5 million shares of ACDC by converting performance shares issued to Medallion at the time of the IPO. Upon commercial production, Medallion will be entitled to convert other

[nek]

Thanks for the heads-up (excuse the pun) What does it mean for MDL? I thought we had a 20% interest in the acdc deal? Still nothing from medillon? roll back? oh well.  Happy New Year