mineral feilds isnt the saviour u ppl think it is! A buddy of mine and his wife invested heavily in the mutual fund administered by Mineral Feilds and it tanked. Let me explain to you novices what Mineral Fields really is. Flow through financing is offered to induce investors to invest in Canadian mining and exploration companies and receive favorable tax treatment on these investments. In theory its a great strategy. People invest in promising new companies and help to kick start financing since no bank will finance junior exploration companies. This has also made Canadian banks the envy of the world because by and large speculative capital isn't channeled into high risk ventures and it has promoted the culture of conservatism in our banks. Mineral Fields "packages" these companies , which are usually cash strapped operations at their last breath . if you don't believe me why wasn't Mineral Fields in on this when the stock was 30 cents 2 years ago ? Both Slam and Mineral Fields have been around since 2000. Incidentally Mineral Fields came about after people lost their shirts in the tech bust and there was a niche to get people back into the bread and butter resource companies which comprised the bulk of Venture listed companies. They are marketed to high worth or stupid individuals ( usually they look for both qualities). My friend and his wife are large owners of commercial properties in Toronto and they make great income off of their rents. Because they whined about paying high taxes, the flow through funds Mineral Fields offered have a tempting allure. They were told they were getting in ground floor on great companies on the verge of going from exploration to world class producer. After all you don't feel bad paying taxes on your flow through shares if your gonna make a jackpot . This is the premise behind Mineral Fields. Look at what Slam has really done before you celebrate. Slam has let a complete outsider now control 32 % of the company with the latest issuances. How do you feel if you owned this stock at 50 cents or 80 cents in years prior? Why weren't significant shareholders offered the chance to invest in the private placement before Mineral Fields vultures swooped in to get one third of the company at the pawn shop price. If you got the stock at 3 cents then sure, you view Mineral Fields as a hero. But the majority of you have not ,save for the recent pumpers , and over a 5 year holding period most " investors" have lost their shirt and "speculative vultures" that had some surplus capital only have profited. The stock was bought at 5 cents a share and Mineral Fields can sell at this price or even less , it really doesn't matter. They do not OWN the stock . It is merely HELD then marketed and buried in a fund where very few people have the expertise or the knowledge to do proper due diligence . If you are in the money now kudos to you because over the life of the stock most of you are in the red and bleeding alot. . The esteemed John Hansuld Chairman of the Board only owns 100 000 shares of the Company and 400 000 options (never purchased by the way) but only issued to him for services rendered. I ask each of you to ask the basic question . When this world class prospect was trading at 2 cents why didn't Mike Taylor or Mr Hansuld invest in the company? Pause and think about that before you answer. And please someone compared CMM to Slam in an earlier post. Margarent Kent has balls I could only dream of having. She put her own money down in droves to keep CMM from going under in the meltdown and with her partner they own 20 % of a company producing gold with over 300 employees in Peru. Look at their website too. They are advertising for positions in the Quebec mine which will re -open now . There is significant participation and ownership and production. That is mangement and this company has none of that. I do not own either company but my friends lost 7 million dollars on Mineral Fields. Look at their website and you can see where there fund has performed over the last 10 years. Remember this salient point!!!!! They buy cheap and package the holding in a fund where it is buried. They personally do not own shares of their own money, the same as Taylor and Hansuld ,who together own as much shares as what a garage costs in Toronto. They make their chicken if the stock goes to 1 cent because its all in the mgmt fees of the fund. When Mineral Fields steps in people should run for the hills.