IBERIAN MINERALS LTD V.IML

just throwing it out there : let me know what you think

[investor63]

As of today the market cap of IML is about $20,000,000 USD. If the Board decided to do a Private Placement of $2,500,000 USD with the existing IML structure then there would be ample money to take X-Leach to market. We would just have a Division within the Company dedicated to bringing it to market.

The benefits would be that we would only be diluted by about 12%

We would save fees ,costs and ongoing expenses of having another listed company.

IML shareholders would still retain 100% ownership of X-Leach Technology and share in its upside potencial.

In the Spin- Off Scenario , current IML shareholders are given less than 50% of the new company. (26,000,000 shares out of 63,900,000)

Its a lot simpler to do. In fact it could have been done last month.

Please let me know what you think.

[helioft]

I understand your point of view and it makes sense. The way that I see it is that IML is a mining company and not a chemical one. This new formula seems to have a lot of potential in the e-waste management. A complete new sector. New ways of making business, new expertise needed. It might also be a very speculative business, and you also want to de-risk IML from this.  Now we have IML with 2

[investor63]

Hi Helioft, Thanks for the thoughtful response. Its good to get another perspective.

[NEWNAME]

Are you dissenting.

[investor63]

Hi newname, No Im in this stock for the long term. Come Hell or Highwater. Most of my shares are South of the Border ( SLDRF) and are not very liquid as yet.  I will vote (yes) with my shares. At this point it would be disruptive to the IML share price if it did not go through. From what I was told the Board is confident they have the votes already anyway. The die has been cast

[NEWNAME]

Sorry it was in joking as a comment on their heavy handed confidence since they don't appear open to discussion

[NEWNAME]

I like envirleach as a kid I worked in gold refining and would have liked something better then potassium cyanide to wash my hands with after working carelessly with gold chloride.It would have been nice to maintain our current position however board thinks it unwise ok get er done.