Replies to post #5077 on Applied Minerals Inc (fka AMNLQ)

[wald]

Mr. Taft would want to sell off the Dragon Mine, but what could he get for it "as is"? Maybe Warren Buffett would take it at a bargain price and give it to USG (USG) for their wallboard produce line. That is if NanoDynamics has perfected their nano product.

I would be surprised if Mr. Taft can keep Atlas Fausett going as a part of Atlas even for the short term. What does he have to offer to Ron Short and Frank Fausett?

By the way, I made a typo error in that the option given to
Mr. Lyon's firm would involve a $32,500 investment, not
$3,500.

[rseven]

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