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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: DELT1970 who wrote (155425)8/14/2011 3:13:56 PM
From: Ed Ajootian1 Recommendation  Read Replies (1) of 206093
 
Delt, NiMin Energy (NNN.TO) -- I was thinking they could go to the Casimir offices and maybe also the Laidlaw offices (since there is a relationship between the 2 firms). Casimir does a lot of work with Canadian-listed junior PM exploration companies so their clients would seemingly be very comfortable buying a stock such as NiMin.

I agree with the thought of putting something out after Labor Day. It would take a lot of guts not to extend the warrants, since this would mean they are gambling that they will be able to either make it through without any more money from warrant exercises or, if they end up needing to raise money, they would be able to either raise equity at higher than $1.55 or get an increase to their loan on reasonable terms.

Not sure if they would present at IPAA until they are on Amex, as much sense as that makes to you and I. The explanation given to me on why they aren't presenting at Enercom (a similar venue as IPAA which is this week, which would have been perfect timing IMO) was that Clancy thought it would be a waste of time and money given that they are not on Amex. Apparently that's what happened when he went there with Petrofalcon (which was traded only in Canada) in the past. Its most unfortunate that he is oversimplifying the situation by equating NiMin to Petrofalcon. Granted they are/were both Canadian-traded companies but NiMin has only a US, make that western US, presence, which is a lot different from a company that operated only in Venezuela. Maybe Enercom would have ended up to be a waste of time also, but IMO it was worth the risk to go there anyway, given the stakes at hand.
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