GREY:SLKEF - Post by User
Comment by
millrighton Mar 10, 2008 2:57pm
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Post# 14634160
RE: Millright....a positive.
RE: Millright....a positive.westernkid,
Nice to hear from you again. I don't forget your first message and reference to Gordie Howe.
I won't take any credit for saving you money. I hope some of the things I've said give people reason to look critically at the company, and take the promotion that has occurred with a grain of salt. If I gave you cause to do this, that's good - but it was you that made the decision, and I'm glad it was the right one for you.
ISM has the cash to last some time, and I don't think the lack of funds will be a problem for some time. In my opinion, in spite of the supposed effort at PR, they have built a terrible reputation in the market - both through some of the actions, the uncertainty, and poor communications. It takes far less time to destroy a reputation than it does to rebuild it. That will be a drag on the share price - how long depends on action to correct the mistakes. ISM has been too much promotion/too little exploration since it got off the Venture [I don't have to comment on what it was on the Venture]. The promotion is tired, that solution to the share price is going to be hard to flog. The other solution is to make some drastic changes in policies and management and make them visible. That will take time and eventually more money, but putting it off is just going to mean more of the same "nothingness".
ISM might well have a valuable economic resource on their property that would support a higher share valuation. But the days of promoting a big dollar value on promoter's say so are over, in my opinion. Those with the ability to move the share value higher will want to hear about the potential from independent professionals in the recognized industry standard report. Until ISM has management that accepts this fact, and has the knowledge and desire to advance the exploration and reliable communications, then any value that may be on the property will not be reflected in the share price.
That's my take for you westerkid, and anyone else that is open to an opposing view.