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

TSX:UMJ - Post Discussion

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Post by cupricity on Jan 31, 2011 9:08pm

That was fast!

OK OK no one likes dilution.  But I don't like the ISM share price graph either so I guess we have plenty of cash now eh RS?  Time to get the price up so we can build a mill to stop shipping 99% rock to xstratas mill.   This thing should be worth a dollar given nickel at 12.50.
Comment by victor2009 on Feb 01, 2011 1:09pm
cupricity,That was fast, I had doubts that it would be done in that short a time. I assume the holders of the new issue qualify as voters in the upcoming Directors election, as the record date was February 1. If, as most suspect, one of the purposes for the issue was to thwart the ISM plans, the timing was exquisite, and UMJ management and advisors seemed to know what they were doing.  Things ...more  
Comment by throughmud on Feb 01, 2011 10:08pm
victor2009, thanks for this careful, balanced and cogent analysis. It has helped me to further justify my positive position regarding UMJ.cheers,mud
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