This post by Colorado5 back is May is very intersting.
Posted by: Colorado5 Date: Tuesday, May 18, 2010 1:24:36 PM
In reply to: Colorado5 who wrote msg# 121136 Post # of 133289
A blast from the past, 6 months ago. Does any of this mean anything? jmo.eom.
Posted by: gertrudegold Member Level Date: Thursday, November 12, 2009 12:17:38 AM
In reply to: AKFish who wrote msg# 80186 Post # of 121198 Send a link via email Share on Facebook Tweet this post
HURASU - I HOPE THAT YOU ARE WRONG! We looked into that deal filed by Fortress. That Hurasu Shell is DEAD. There is no value in that, I think? Ron Lowenthal was President of Hurasu. He is now President and IS THE Head Honcho of Lumb's New Gold Fund. He is, by the way, a very serious guy. Lumb's Mentor for years, only voice of reason in Lumb deals, when we acted for Lumb. I hope that I am right and that he is going to run all Lumb Mining
operations through this new Fund.If I am right, then Hurasu is dead, is is very strange that Fortress has not denied (on filings) that the Hurasu deal is dead. That is why one must remain very careful here until actual facts emerge. I do not see any value in a deal with this Hurasu, I may be wrong but that is the way that I see things. I am out of the loop (on Lum deals) for a while but Leopards do not change their spots. Lumb trusts Lowenthal like nobody else, it makes sense to consolidate his Mining interests under Lowenthal in that Fund. Why would Lowenthal head up the Fund & this Hurasu? No sense in that. Seriously, I hope that you are wrong here. Lumb may have moved on from Fortress & this Hurasu deal could be alive without Lowenthal & Lumb, God forbid.
Posted by: gertrudegold Member Level Date: Thursday, November 12, 2009 1:08:59 AM
In reply to: Colorado5 who wrote msg# 80189 Post # of 121200 Send a link via email Share on Facebook Tweet this post
I really do not have any insight of these old Dividends, to be honest I am looking at this as Value Play because of Stephen Lumb involvement. The price of Gold has changed the dynamics, a lot of "dead" stocks may suddenly be next plays. Knowing the scale of Lumb deals, this is small change but he may be interested in Bouse, it is valuable, not so sure about this Copperstone project. FACT : He is consolidating Mining interests in a new Fund. FACT : He has stated that he is only pursuing Private Equity & Leveraged Deals from now on and delegating Mining interests. FACT : He has an historical interest (maybe control) of Fortress. The Gold Fund is going to be worth billions, of that I am very sure (I cannot elaborate of that, sorry). No merger here, LOL. However, why would his Gold Fund not buy Bouse if he has an interest here? BE CAREFUL, he is shrewd, his Advisors are sharp, he will not overpay unless he sees value, I do see value here (and I worked for his principal Advisors), they MUST have told him that Bouse needs to be addressed, by now. He is ruthless but actually not unfair and very dispassionate, that may be a huge shock to you guys, he seems to be your pet hate from what I have read. In all seriousness, these comments (if he even knew!) would not affect his business logic, he is realistic (BUT I am VERY bemused by this Company's history, not Lumb logic at all, seems very weird to me having worked on the guy's deals but then my Firm never worked on Fortress for him, far too very small, it is almost as though he wanted to use this Company as some sort of financial services vehicle). Anyway, lets focus on toda! Is this stock a value play? Looks like it is. My opinion is (a) Find out outstanding stock number b) What stake does Fortress hold in Bouse (c) What is that stake worth d) Does Lumb plan to get his hands on it. Get the answers to those questions, we may have a Value Play here. No filings by this Company are very unhelpful and bloody irritating but remember that it may be deliberate, definitely not ethical, if that is the case. Do not let him steal this asset, force some sort of disclosure by this Company (Bezzano is an Attorney, he will not like lawsuits with his name attached). Lumb will hate that (He will scream & threaten) but he will be advised to up his bid, he will follow that advice; if there is a bid on the table.
Posted by: gertrudegold Member Level Date: Friday, November 20, 2009 12:59:54 PM
In reply to: muaythai who wrote msg# 81407 Post # of 121201 Send a link via email Share on Facebook Tweet this post
MUAYTHAI - It seems that Lumb is doing exactly what you claim that he is not. He appears to be consolidating
all of his Mining Interests in this new Gold Fund, North American Gold & Minerals Fund (NMGL). And no, I am not PR, never was. I am in Corporate Finance Advisory work in London
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