RE: Surething1111, LBE vs ISMdoingthejob has just posted a Classic, even by his standards, which are intellectually near the bottom rung of the ladder.
Here is one of his claims in supporting the management expertise that has guided ISM to where it is today.
"ISM's exploration span a wide variety of mined materials:NI,AU,AG,MoS2,Rare Earth Minerals, etc. Surething1111, they call this diversification with is another approach to mitigating risk. "
In over five year's of exploration, it was disclosed earlier this year that Micon was unable to state in their report, that ISM's much heralded Langmuir property contained one ounce of economically viable Ni reserves. Inspiration's most long standing property (Jasper) could not be exploited by ISM management, who chose to spin it out to another company, in a convoluted business transaction that as yet is not complete, with initial signs being it will generate no value for current shareholders. ISM's attempt to spin out it's flagship property in a similar fashion was mercifully halted by the authorities. Nor has any other property acquired by ISM proven up an ounce of mineral reserves.
doingthejob suggests that spending company funds on acquiring and exploring various properties that have not been proven economically viable is called diversification and is an approach to mitigating risk. That's a conclusion that brings into question the mental capacity of the person putting forth the suggestion. doingthejob would be hard pressed to convince those who bought the $6 flow through shares that ISM management has mitigated risk. The poor devils that bought that placement have not only seen their investment decimated by 95%, they had to pay back their tax saving because ISM failed to meet exploration commitments.
Any definite business plan has not been disclosed, if there is any plan it is a mystery. It appears that management is directing available funds in a number of directions, with property exploration not being a priority. Funds have been directed to investment in securities, including penny stock mining companies, loans to an unnamed company and individual, expenditures for an IR service that has been of questionable benefit, purchase of a smelter royalty that was over-priced even if the mine had mineral reserves, which it has not. I suppose doingthejob considers that this use of available cash mitigates the risk.
doingthejob claims that management of the company is worthy of praise. The management has been guided by the same leader for well over five years. If it is worthy of praise, in this length of time there should be achievements that can be listed. I ask that doingthejob list these achievements. If doingthejob is able to come up with his list, I'll contribute a list of shortcomings. We can then debate just how capable management has been.
I expect that if doingthejob does respond, which I doubt, he will not submit his list of management accomplishments. His failure to do so will answer whether or not he has any credibility.