What could have been I came across a comment in a 50 page report that listed a number of companies favoured in the author's review of a mining sector. The author is a mining strategist, principal in a New York corporate advisory firm that specializes in the mining and energy industries. There is one comment in his report that would be of interest to those that went through the fiasco engineered by Inspiration Mining's Randy Miller and his cohorts at "Forbes & Manhattan".
The mining strategist had this comment on one company in the sector: "The main negative here is that the company is part of the Forbes & Manhattan group, otherwise it would have made the cut for inclusion in the list of our favoured projects."
That's a pretty damning assessment of the clowns that suggested they were so well equipped to run UMJ. An independent mining strategist has such a low opinion of Forbes & Manhattan that a company, that otherwise met his criteria for his favoured projects list, is excluded because Forbes & Manhattan are involved in management.
Add Randy Miller's track record to Forbes & Manhattan's reputation, and URSA would have had quite a mix! I hadn't heard of Forbes & Manhattan when they first joined up with Randy Miller to interfere in UMJ's affairs. But my first assessment of Forbes & Manhattan seems to be confirmed by the mining strategist - I would judge any outfit that would associate with Randy Miller & Company by the company they keep - stay away from them!
Things aren't great with the junior nickel miners right now - but UMJ shareholders can still be thankful that Miller and his cohorts were sent packing after last year's show down. As Inspiration shareholders are finding out, a company may survive the economic and industry ups and downs, but it won't survive the damage done by entrenched bad management.