Welcome To The Inspiration Mining HUB On AGORACOM

The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.

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Message: Some thoughts...

Some thoughts...

posted on Apr 17, 2010 12:03PM

I do understand that this may have been discussed(minimally) or has been referenced to before but I just want to make sure of what the possibilities are.

If I am incorrect then please correct me.

Instead of assuming everything will go our way with the NZZ dividend, the Metal Mines spinoff and what's left of ISM, I am gonna describe my fears or what I am afraid can/may happen.

First of all there is NZZ.

-Unless I am wrong we will receive 1share of NZZ for every 5 of ISM and on top of that, it will be distributed in 5ths(give or take) with holding periods on top of that. NZZ is trading at $.35. You do the math.

-It may have been a "free" dividend but "time is money" and we have been here a while. Patience may be a virtue but come on!

Second of all there is ISM( after Metal Mines spinoff).

-To unlock the true value of Langmuir we have to spinoff a new company, where does that leave ISM. Referencing other posts, a value of well under a dollar was given.

- Let's remember this was OUR initial investment. So here we sit with our shares and a value of $.32. You do the math.

Third of all we have Metal Mines.

-Let's say the spinoff takes place. What will be the value per share? And more importantly how many shares do we receive?

- My fear/anger will come when and if the value truly isn't unlocked and even worse we do not get a 1:1 distribution.

Something tells me we are in for a distribution that is anywhere from 1:2 or even worse.

This is only my opinion and thoughts on this matter.

I fear the worst so that I may be pleasantly surprised if it goes any differently. LOL

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