Inspiration Mining

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.
in response to whaler's message
The way I see this spin-out of Metal Mines is that your original ISM shares will still access the 10pct holding of Metal Mines, only in an indirect way,as it is now. The new Metal Mine shares you may get will hold the other 90pct in a direct way. The only difference is that ISM mgt will vote that 10pct of Metal Mines as they see fit. Still I don't see why anyone would hold this stock until the terms are finalized. Spinning off Metal Mines is like telling a teenage kid to leave home. Do you give the kid some upfront cash? And how much? Does ISM get to keep all the cash? And as Van alluded to before, does Metal Mines go private? I doubt it but if it did I would rather just own ISM. The only thing worse than owing an illiquid penny stock is a penny stock that doesn't trade at all. That's why it would be nice (but unexpected) to see the final terms of this spin-out. Not much time is left to make a wise decision unless that's the plan.
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tantallon
City
Rank
President
Activity Points
2574
Rating
Your Rating
Date Joined
08/23/2008
Social Links
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Inspiration Mining
Symbol
ISM
Exchange
TSX
Shares
est. 70,403,770
Industry
Metals & Minerals
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