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: What's next wrt UMJ

Given this initial statement in the Forbes NR, are they still wanting to follow through with becoming a large shareholder?

http://agoracom.com/ir/Inspiration/forums/discussion/topics/487114-ism-forbes-and-manhattan-ursa-here-s-the-latest/messages/1560846#message

"On the other hand, Inspiration Mining is currently the largest URSA Major shareholder, and Forbes & Manhattan seeks to be one of URSA Major's largest shareholders, and together they are united in a clear focus on creating shareholder wealth."

Let's suppose, in following through with the above statement, had they gone out and picked up 5 or 10 million shares in the market just before the AGM, would that have helped the vote for the "dissidents"? How would that move be viewed/received by UMJ and or Wes Hall?

We know from a past NR, that UMJ's special committee had voiced concerns over previous Forbes/ISM activity.

http://www.ursamajorminerals.com/s/NewsReleases.asp?ReportID=462442&_Type=News-Releases&_Title=URSA-Major-Minerals-Special-Committee-Calls-on-Dissident-Group-for-More-Dis

IMHO it appears that neither party was shy about leveling accusations in either direction when it comes to share purchases by themselves or third parties.

"The Special Committee is concerned that the Dissidents, who beneficially own or control over 20% of the Company's shares, may have continued to purchase shares of the Company while acting jointly and in concert with one another in respect of the Meeting. In an effort to resolve this matter, the Special Committee requested further information from the Dissidents. The Dissidents have refused to cooperate with the Special Committee and are refusing to account for their actions."

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Jun 29, 2011 03:34PM
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