IDM Mining Ltd. (fka IDMMF)

[davewashdc]

Lots of risk here: the manipulated price of gold; the dilution of the stock thru multi-million issuances (including tranch arrangements) that take 100M shares to collect another 10M of working capital to take the company thru permitting, set-up and into first pour status. I guestimate the current share outstanding status to be about 450M shares; the more issued the less each share's value no matter what happens: buyout, eureka discovery or simply getting to first pour.

This whole thing seems to be pretty well managed, and personal to the owner. He is very experienced/professional and appears to be aware of the shark infested waters within which he swims.

My calculation is that as he gets further down the road the downside risks should lessen somewhat also. A good portion of all this speculation is simply surviving long enough to more fully explore the site and get to first pour.

Obviously, this is not a retail stock. The company is surrounded by insiders in the gold business and fairly astute institutional resource investors. A good place for a small guy like me to be hiding in the bushes nearby.