Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: polarisnh who wrote (57371)	3/7/2008 3:44:55 PM
From: marcos	Respond to of 78421

mlm.v - thanks polar, that's about my sense of it too ... quite a surprise how deep it got this fall/winter, but no surprise at all how long it's taking to get going, imho - the warrants side of share structure is both looming over, and forming a target ... in this post i type in the principal warrants, note the .50s expiring in april-june, i believe they will make an effort to get them exercised, and if they don't accomplish that, there will be very little overhang left - Message 24368599 They've been advancing both projects quite steadily, Tamarack is rolling and the 43-101 for Potter should be out fairly soon [? - when exactly, don't know] ... Millstream has such good insider holdings and support from allies, i have little doubt that once the time comes, the move will be significant One of the highest signal-to-noise threads on stockhouse has been v.mlm, don't know if that's the case lately, but sure was for years, some informed experienced realistic players, and less other stuff than most threads there

To: polarisnh who wrote (57371)	4/3/2008 2:09:25 AM
From: marcos	Read Replies (1) \| Respond to of 78421

mlm.v - interesting deal with Nirek in tuesday news, Ms Market didn't reward them yet but she wasn't noticing much that day ... Nirek listed only on Frankfurt, head office Toronto, that's unusual ... anyway it looks like a bit of cash comes back to Millstream kitty, Tamarack likely gets sped up, and now Potter will be even more the main project - 'Millstream signs LOI with Nirek for Tamarack 2008-04-01 09:26 ET - News Release Mr. Ernest Harrison reports MILLSTREAM SIGNS LETTER OF INTENT TO SELL 49% INTEREST IN THE TAMARACK GOLD PROPERTY TO NIREK RESOURCES INC. Millstream Mines Ltd. has entered into an agreement in principle with Nirek Resources Inc. pursuant to which Nirek is granted an option to purchase a 49-per-cent undivided working interest in the Tamarack gold property. Under the letter of intent (LOI) to exercise its option and purchase the 49 per cent, Nirek must deliver to Millstream a $2.3-million (U.S.) cash payment, issue one million Nirek common shares bearing a 12-month trading restriction and purchase four million Millstream flow-through shares priced at $1 per share with a 12-month trading restriction, or, in lieu of cash, in the absolute sole discretion of Millstream, four million Nirek common shares deemed to be valued at $1 equivalent per share. The LOI contemplates that upon Nirek's completion of its purchase, the parties will form a single-purpose joint venture to develop and exploit the Tamarack gold property. Millstream will remain as the operator/manager of the property. Nirek will have the right to draw upon 100 per cent of the net gold recovered up to an amount of 10,000 gold ounces, with Nirek being indebted to Millstream for 51 per cent of such amount of gold drawn. Additionally, Millstream will assign to Nirek, in trust, a further 26-per-cent interest in the property for a period of either nine months, or when 2,500 gold ounces are recovered. Upon whichever first occurs, such 26-per-cent interest shall revert back to Millstream. The agreement is subject to completion of mutually acceptable binding legal agreements and maybe subject to regulatory approvals or exemptions, and financing by Nirek. Millstream's management perceives this arrangement as allowing the Tamarack gold property to be developed expeditiously moving it to the next level, while giving the stakeholders the opportunity to realize the full potential of the property.'