Our NCIB and some thoughts as we approach another yr end?
posted on
Dec 15, 2010 12:14PM
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.
It's been a little while since we have seen any NCIB activity filed on the Insider site.(see below where it shows our last purchases on Oct 15)
I wonder if the NCIB has taken a back seat to the buying of UMJ stock instead (with ISM's possible play money)
I wonder how the extra drilling and exploration is going at Langmuir in the 11 months since we saw the Micon recommendations released with the reports last January which ISM "mobilized a drill rig" for in July.
http://www.inspirationmining.com/news.html?id=121
http://www.inspirationmining.com/news.html?id=169
http://www.inspirationmining.com/news.html?id=168
http://www.inspirationmining.com/news.html?id=177
I wonder now that Randy has basically freed himself up of the duties centered around the main focus of ISM, which we know as the Langmuir property, what he does with his days? I wonder what Ian Stewart has been doing since his new appt. back in early Oct as President and COO of the Langmuir property. When will we hear from the new president on the activities to date?
http://www.inspirationmining.com/news.html?id=174
I wonder if the company attends PDAC this year? If so, who gets to go and what is to talk about?
I wonder what defines a "short term loan" when it comes to where that 6 million dollars that was lent out.
I wonder if the money spent on our NCIB would have been better spent on exploration or acquisition?
I wonder if the NCIB achieved it's desired effect in that it was thought that ISM was not properly valued. I wonder where the SP would be without our NCIB having supported the stock somewhat in past trading.
http://www.inspirationmining.com/news.html?id=127
http://www.inspirationmining.com/news.html?id=164
I wonder what may be the situation/s where a company may have to halt activity in an NCIB. From the original NR: "The Bid will begin on March 15, 2010 and will terminate on the earlier of March 14, 2011 or such date as the Corporation may complete its permitted purchases under the normal course issuer bid."
I wonder if I was a new investor looking at ISM, what the current "story" is today on the company and how it would be described as an investment prospect.
Here's comes another Christmas sitting in this stock waiting for it to show some return as an investment........
Merry Christmas to all fellow shareholders who may still be in the stock :)
http://www.canadianinsider.com/coReport/allTransactions.php?ticker=ism
Inspiration Mining Corporation (ISM) |
As of December 14th, 2010 | ||||||
Filing Date | Transaction Date | Insider Name | Ownership Type | Securities | Nature of transaction | # or value acquired or disposed of | Unit Price |
Nov 10/10 | Oct 15/10 | Inspiration Mining Corporation | Direct Ownership | Common Shares | 38 - Redemption, retraction, cancellation, repurchase | -143,000 | |
Nov 10/10 | Oct 15/10 | Inspiration Mining Corporation | Direct Ownership | Common Shares | 38 - Redemption, retraction, cancellation, repurchase | 143,000 | $0.270 |
Nov 09/10 | Nov 09/10 | Stewart, Ian | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 30,000 | $0.270 |
Nov 02/10 | Oct 21/10 | Cantore, Victor | Direct Ownership | Options | 50 - Grant of options | 250,000 | $0.240 |
Nov 02/10 | Aug 23/10 | Cantore, Victor | Direct Ownership | Options | 00 - Opening Balance-Initial SEDI Report | ||
Oct 22/10 | Oct 21/10 | Davis, James Edward | Direct Ownership | Options | 50 - Grant of options | 250,000 | $0.240 |
Oct 22/10 | Oct 21/10 | Brugh, Herbert M. | Direct Ownership | Options | 50 - Grant of options | 250,000 | $0.240 |
Oct 22/10 | Oct 21/10 | Miller, David Randall | Direct Ownership | Options | 50 - Grant of options | 250,000 | $0.240 |
Oct 12/10 | Sep 30/10 | Inspiration Mining Corporation | Direct Ownership | Common Shares | 38 - Redemption, retraction, cancellation, repurchase | -453,000 | $0.250 |
Oct 12/10 | Sep 30/10 | Inspiration Mining Corporation | Direct Ownership | Common Shares | 10 - Acquisition in the public market | 453,000 | $0.250 |