RE: market price MDNYou can bet that JS does not have any MDN stock. He has made it clear on more than one occasion that he does not like their hedge position or anyone else that has a hedge. he is talking about TNX when he mentions $23 million. I hope that everything works out for him and TNX because he has been the only manager/CEO that I have ever known who supports his company the way he does. sure would be nice if MDN had management and resources with as much commitment. it would be nice to see MDN take 1/2 the revenue from our next quater and by our stock back.
Regarding hedges, with gold over $1000 we could start to see the impact of the ABX hedge mess. they have been pretty smart about down playing it so far and making the general investor think it has all been taken care of but I am not so sure thats true. do not like the way CIBC have been dumping in the past week. its likely someone there has inside info that may not be good. When you see what happened to Bear S last week only a day after they said things were great you know the whole system and the people running it cannot be trusted. just watch the financial news on any channel, where do they find these stupid people that try to spin it positive. i can understand their fear and need minimize the disaster but they are doing it at the expense of a lot of innocent and unqualified investors.
My guess is we are going to see a melt down in the DOW and TSX this month that will take the juniors lower.
No debt, 1/3 in gold, 1/3 in cash and some jr's that have performed. This wouldn't qualify MDN!