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Bullboard - Stock Discussion Forum Ursa Major Minerals Incorporated T.UMJ

TSX:UMJ - Post Discussion

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Post by investmentitos on Jan 31, 2011 12:27pm

Big dump

I don't know jack about ISM.
 
I do know that in light of the cash flow from their mine, this PP is a huge betrayal of shareholders, and should tell everyone what they need to know about UMJ management.

 It is likely a sweetheart deal for friends of UMJ management. Anyone try to get allocation to the PP?

I am totally disgusted.
Comment by throughmud on Jan 31, 2011 1:18pm
investmentito, this is a wonderful opportunity to increase your investment in a viable, producing mining company that is greatly undervalued at current metal prices and throughput. I'm increasing my ownership as we speak.mud
Comment by investmentitos on Jan 31, 2011 2:23pm
Ask yourself this:Why doesn't UMJ management wait till a week after they release Q4 numbers to announce their PP? This way they can do the PP at potentially a much higher price? I think the reason is clear - they are opening the candy jar and F- other shareholders who have either stuck with them over the years or done their DD and discovered UMJ on their own. ...more  
Comment by throughmud on Jan 31, 2011 2:36pm
investmentitos, I have asked myself the same questions, evaluated the situation, and agree with management's decision to do the PP now. The decline in price makes for one heck of an investment opportunity in a solid mining company.mud
Comment by tickle1st on Jan 31, 2011 5:39pm
InvestmentsThis is nothing new...There is a history here...the anointed five Patricia shareholders, the share buy backs ..it goes on and on.He has a style that seems to put him at the front of the line all the time.And, who can blame him when he has a bunch of sheep following him that thinks every time the poor sheep gets one in the you know where, they think it is for their good.Heck, listen to ...more  
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