Alpha Minerals Inc ESOFD

RE:RE:RE:The 'silly' spread between AMW and FCU

[jandd]

Bull man

You are incorrect in assuming that Fissions other properties justify a higher cap. Alpha has other properties as well and IMHO, thier other properties are more valualbe than those owned by Fission. It's just that the guys at Alpha are not the rah rah chest beaters that you see with the crew at Fission. McElroy is the only one at Fission that I respect.

Today I sold about 40,000 Fission to buy even more Alpha. I sitll have a lot of Fission but if the arb continues I will sell all of my Fissio as the Arb is now starting to become to large to resist. Any day now a fund manager will take care of the difference, as in sell Fission and buy Alpha until the ratio of the share prices is about 5.5 to 1. On a fully diluted basis Apha also has about $10 mil more in cash than Fission and if the share prices remain at these levels we will see a forced early warrant conversion on Alpha. It's Fission that might have to go to the markets, especially if they decide to waste some of their money on thier other projects. Both of these groups should remain 100% focused on PLS as they desperately need to proove up as much as possible in the event that some entity takes a run at PLS.

Anybody who gives more than a few million valuation to any of the other propertoies held by either Alpha or Fission is clueless. As you should note, most of the juniors with decent land positions in the area have very small market caps.

Jandd