But if Miller and company think that ISM shareholders money is best invested in UMJ, then maybe the ISM shareholders should look at switching out of their ISM shares and placing those proceeds into UMJ directly.
Its not like Miller and crew have lots at stake investing in ISM anyway. So why should its shareholders carry the bag for management.
What little I have looked at UMJ I do see them in the same boat as Crowflight and Liberty. That is that they also require great amounts of capital to get the company up to the next level of production. Yes UMJ is producing a small profit so far, but as we see at Liberty Mines it requires much greater resources than the small amount of cash flow that can be produced at best.
In fact since all Timmins nickel plays have been such a disaster with poor management, the above idea may be applicable to not just ISM shareholders but to Liberty and Rogue Resources as well. That is if you still want to remain in the small junior nickel plays.
Otherwise there are many more better company's out there to participate in the commodity growth demands of Asia.
Do your own dd on UMJ. For the record I am not a shareholder of any of the above listed companies including UMJ, nor will I be.