Is there a chance it has anything to do with the Jasper property being divested? We know that the special dividend was to be a certain amount of shares in Nitinat for shareholders of record long long ago. So would this not be based on a certain value? Using that value it's equivalent to so many shares?

Often deals go sour because the price for shares takes a beating while they await the closure of the original deal.

"TORONTO, ONTARIO, Jan 29 (MARKET WIRE) --
Inspiration Mining Corporation ("Inspiration" or the "Corporation")(TSX:
ISM)(FRANKFURT: OI8) would like to provide an update on its proposed
spin-off of its Jasper Property announced previously in a press release
dated July 17, 2007. As previously stated, the Corporation intends to,
subject to regulatory approval, to restructure its holdings whereby the
Corporation intends to divest itself of its Jasper Property located on
Vancouver Island, British Columbia. The proposed restructuring will allow
the Corporation to fully focus on advancing the Langmuir Project in
Ontario.

Pursuant to a purchase agreement dated December 1, 2007 but effective as
at July 30, 2007, the Corporation intends to sell the Jasper Property to
Nitinat Minerals Corporation, an arm's length third party ("Nitinat") in
exchange for 13,367,904 special warrants ("Special Warrants"). Each
Special Warrant entitles the holder to acquire (subject to adjustment),
for no further consideration, one common share in the capital of Nitinat
(the "Nitinat Common Shares") at any time on or before the date (the
"Expiry Date") which is the earlier of:

(i) the sixth business day after the date that a receipt (the "Prospectus
Receipt") is issued by the last of the securities regulatory authorities
of Ontario, Alberta and British Columbia for a (final) prospectus of the
Purchaser qualifying the distribution of the Nitinat Common Shares to be
issued upon exercise of the Special Warrants; and

(ii) November 1, 2008.

Any Special Warrants not exercised prior to 5:00 p.m. (Toronto time) on
the Expiry Date shall be deemed to have been exercised immediately prior
thereto, without any further action on the part of the holder.

The Corporation proposes, subject to the prior approval of the Toronto
Stock Exchange (the "TSX") and the receipt of the Prospectus Receipt, to
distribute up to 100% of the Nitinat Common Shares on a pro rata basis to
all of the Corporation's shareholders as at July 30, 2007.

Management believes that by establishing a new public vehicle to develop
the Jasper Property, existing Inspiration shareholders will be rewarded
as Nitinat unlocks the true value of the Jasper Property.

The Jasper Property claims are located in the Victoria Mining Division,
southwestern Vancouver Island, British Columbia. The property is
approximately 80 kilometres northwest of Victoria. The southern portion
of the claims overlie much of the Caycuse River and its tributaries Four
Mile Creek and Seven Mile Creek, extend northwards over the height of
land to the tributaries of Jasper Creek, and westwards to a no staking
reserve along the eastern shore of the Nitinat River. The Jasper Property
consists of the Jas 3 legacy mineral claim and nine cell mineral claims
that comprise ten contiguous claims which total 6,615 hectares. The
property is currently 100% owned by Inspiration.

The Jasper Property does not constitute all or substantially all of the
assets of the Corporation and as such shareholder approval is not
required for the proposed divesture.