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Message: ISM Dividend

ISM Dividend

posted on Apr 07, 2010 01:46PM

To follow up on today's wonderful news for shareholders heres the problem besides the obvious. From the MD&A the Company NZZ has a few million in the bank. Part of that plan is to follow through on the exploration of the Jasper Property on Vancouver Island.

Thats the plan but we don't know if it actually started. Maybe by next quarters MD&A (mid-May) we'll know better. What I'm concerned about is that Nitinat complete its exploration and nothing is found or the cash has run out.

Assuming that we have liquid shares by April 2011, (could be later) the value of this Company could be next to or at zero. These shares as most exploration companys shares are, could be worse than a lottery ticket. At least with a lottery ticket you do have a mathimatical chance of getting something.

And this bone that management throws at us that further shares may be distributed. Well to each his own on that.

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