Bebe,Congratulations on your winning stock picks, but why don’t you tell us a little more about your investment in ISM and what happened with it? No person that is honest has all winners! You can’t seriously still believe ISM has a future with the Langmuir L-2 Property can you? You and many of your friends were all heavily involved in ISM, or at least you sure promoted it that way right up to the release of the long awaited ISM/Micon Ni 43-101 Report. We have all witnessed first hand the devastating drop in share price since the 5 Year Micon Drilling Langmuir Property Program was Released. The question many on these boards would like to know now is where did all the die hard pumpers run away to? You and many others constantly promoted that the Micon Report would prove out once and for all, those that doubted what ISM really had would all be proven oh so wrong once the Independent Micon Report was released. It certainly didn’t happen that way, and what many of us said about ISM Resources was proven true and the market agreed 100%.
Even the few promoters that did stay around in ISM were so embarrassed by the results of the Micon Report they couldn’t show their faces again under their old aliases. So bizarre as it is, but so common from what we have seen over the past years, they are now disguised as other very recognizable aliases.
In my opinion, the big difference in LBE to ISM is that LBE actually has the goods and over the next 4-5 months as development in McWatters Mine is completed, McWatters and the Redstone Mine will ramp up production to feed LBE's Mill to capacity. It is very easy to see which company is actually committed and serious in building a real company that will be around for a very long time, rewarding shareholders for their patience and understanding of what it takes to bring it altogether. No doubt LBE has gone through some very difficult times the past year and a half, but in my opinion that will only make them a much stronger company as time goes on. The stated goals are to build up production levels and start paying off debt. Once the market sees the numbers coming off the quarterlies at full production levels, LBE’s stock price will move accordingly and that is why most LBE shareholders are still here and believe in its future. That cannot be said of ISM, as clearly witnessed from the results of the MICON Report and the collapse of the stock price.
As for ISM, in my opinion, they are just going to have to start their promotions all over again on a different property. I can see absolutely no interest from LBE in the L-1 property for many years, if ever. LBE just has too many years of its own proven Resources ahead of it to Mill, than to look seriously at anything ISM has.
If you are still unfortunately stuck with your ISM shares, maybe you should sell them now and put the cash into one of your other stock picks and in six months come back and give us an update of how you made out.
Best
Nickel77