Would Atlas Mining sell the Dragon Mine? Well....that depends...but what I think might be an even more important question is...What does David Taft(IBS) have on his mind? About 2 months ago he purchased nearly 600,000 shares for his Turnaround funds and recently 2,000,000 more in a private placement which gives him a total of over 12 million shares.
OK, lets suppose Mr. Taft found a buyer who was willing to buy the mine for 25 million dollars and Mr Taft is able to talk the BOD into selling. How much of the 25 million would Mr taft get? Well he might get a finders fee from the buyer but once ALMI releases the PR about the sell of the Dragon Mine, the "Crown Jewel" of Atlas Mining I think you would see a quick exit by many share holders and Mr Taft would not get the needed price appreciation he needs to keep his investors happy. So, no I don't think the mine will be sold....Yet
rseven
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