Patrick, another factor to keep in mind is good old supply and demand. Whether it is the price of nickel or the share price in ISM. Supply and demand ultimately determine the outcome at the end of the day.
Technically the company is off the lows of .30 we saw intraday in the last month and trending upwards which tells me the market likes it's prospects and direction as of late. Buyers are outweighing the sellers lately.
Fundamentally we are possibly looking at a "spin out" of the Langmuir property to become a publically traded entity named Metal Mines. A "pure play" so to speak for those looking to invest in a somewhat speculative Nickel explorer who is, by the way, a late stage or advanced explorer as well. They have one Micon produced 43-101 on the books and there is a good chance that with further drilling, as laid out in Micon's recommendations, the report will see a nice resource update over the time it takes to complete such drilling. Langmuir represents most if not all of the company's assets.
It won't be long and these record dates will be upon us.
"Further to its press releases of March 22 and 29, 2010, Inspiration Mining Corporation (the "Company") (TSX:ISM)(FRANKFURT:OI8) would like to announce that it has revised the record date from April 6 to April 16, 2010. Due to the Easter weekend holidays, the Company felt it was in the interest of its shareholders to change the record date to April 16, 2010."
Good luck with your investments. Sounds like you have a handle on things.
