MSB Global Capital Corp. (MSBM)

[fazoolius]

An interesting PR from TRSI today:

CLEVELAND, OH--(MARKET WIRE)--Sep 18, 2007 -- Trophy Resources (Other OTC:TRSI.PK - News) is announcing the end to their Joint Venture agreement with Russell Industries based on the desire to return to their base business plan.

Trophy Resources' original business plan, focusing on oil and natural gas well reentry and rework projects, was established in mid-2006, allowing for greater flexibility in capital expenditures while offering the ability to return the investment in a more expedient manner.

The end of this joint venture will also end the tenure of Mr. Rick Berman as a member of the Board of Directors of Trophy Resources. Mr. Berman, President and CEO of Russell Industries and American Uranium Mining Company, has tendered his resignation effective immediately.

Mr. Eric Leonetti, President and CEO of Trophy Resources, said, "We are saddened at the resignation of Mr. Berman, he added much to our management team and will be missed. We have begun an immediate search of his replacement and hope to have the seat filled on an interim basis in short order. A shareholders meeting will be held prior to the end of this year where we may elect new members to the board for a full term."



I have a feeling that TRSI saw the high level of incompetence with Rick Berman and his Uranium exploration. I have now seen two completely junk PR's regarding the exploration program for RSDS. I still have a tough time believing that Berman signed off on the two field reports by the two bozos Tony Brant and his Layne Berman. I have fully had it up to here with Berman. What is he thinking? My favorite quotes from the news releases and web updates below:


"The result of the laboratory confirmation of the samples taken from Russell’s Cache claims validated that there is, in fact, uranium present."


No kidding, a Geiger counter should have been able to confirm that immediately. They seem to be proficient enough with one anyway. See below:


"While working in this area, a tailings pile in close proximity to an abandoned uranium mine, last believed to be operational in the mid 1960s, was found. Using a hand-held Geiger counter on various areas of the pile revealed the presence of high-grade uranium. Certain areas registered as high as 4 percent while others registered between 1 and 3 percent."


Now I have used Geiger counters before and I am pretty sure they can't give you a grading of uranium. Someone correct me if I am wrong, but this seems laughable to me. Also, I love the wording. You know just working in the area and we stumbled across a giant pile of high grade uranium tailings. Are you kidding me? This is what they think EXPLORATION is?


"This tailings pile is so “hot” that even the air 5 feet above its surface registered 30 one hundredths on the Geiger counter. The pile itself is of impressive size. Although it was not actually measured, it is reasonable to believe that this tailings pile, if removed, would take at least twenty full truck loads."


30 one hundredths of a what? What they hell units are they in? How "HOT" is that? I bet if they held the Geiger counter 10 feet above the pile they would get a very similar numbers. It is radiation. How the heck did they get a geiger counter 5 feet above a pile that would take "twenty full truck loads" What size of truck? I just had a look in my unit conversion program and couldn't find the conversion for twenty truck loads to cubic meters. What the hell is that statement doing in the PR. Heck, what is any of it doing there? If this is their big uranium discovery, this POS is in trouble. Why the hell did we buy a drilling rig!!!!


"The above is consistent with the findings in Figure 2 of the Utah Geological Survey (Miscellaneous Publications 93-3) published in 2005. Figure 2 shows a heavy concentration of uranium ore throughout the Elk Ridge area where Russell owns 100 claims."


So are the heavy concentrations of Uranium in the ground or in tailing piles on the claims? Maybe we need to send "Eagle Eyes" Layne Berman out to the claims to verify we don't 100 piles of high grade uranium tailings on the claims. This is such a stupid statement.


"Although the percentage of ore from that particular sample is not considered sufficiently mineable, the result is such that drilling should continue on that permitted area in Utah’s Lisbon Valley, and the target depth should increase to an average of 350 feet."


Maybe we should not drill deeper and drill somewhere else. How deep were they drilling in the first place? Why don't they drill to 500 feet and see what they get. Why don't they get a wireline logging company in there that has a little more sophisticated equipment to evaluate the formations?


Sorry for all the off color commentary here, I am just shocked that Berman would actually think that these statements are worth even mentioning. Doesn't everyone have the same feelings?

All berman continues to do is parade around the incompetency that TRSI has finally had enough of. I have been in drilling for the last 6 years and the bulk majority of the statements lead me to believe that Berman has absolutely no clue how to mine uranium let alone the first thing about it. I commend TRSI for dumping him and I assume that they scrapped the acquisition of the mining claims.

I will continue to watch this stock, contribute as much DD as I can, and pray that it returns to higher levels, but I must say, I really don't think it will. I have no doubt that Berman is using this company to learn the ropes of uranium ming and then will turn his sites on AUMN. Look for him to start unloading some of his tens of millions of shares for millions in profits.

-faz