"I spoke with Greg Bose, the CEO of Northern earlier this month. He confirmed to me that the 9.75 Million shares of Northern Graphite that IDSM owns (approx 42% of the current O/S), would probably be "dividended out to IDSM shareholders" (Post Norther Graphite IPO)."
Getting a dividend of Northern Graphite Corporation (NGC) shares in the future for being an IDSM shareholder would be icing on the cake.
Also, per a post by Deet49 about two and a half months ago:
He summarizes the main points of an article published in Reuters:
* Says talking to prospective partners in Japan, Korea
* Says IPO may occur by end of February
* Sees mine construction by year-end, production in 2012
The company is following through with its plan relative to the IPO. I can't wait to see the developments concerning possible mine construction starting this year and an operating mine by late 2012. Alignment with prospective partners would be a very big development - something that is being actively pursued right now. Big things are in store for the company (and stockholders of course) IMHO. :)
After the IPO is completed and a market valuation established for Northern, the Company will review alternatives for distributing most or all of its shares of Northern to IDSM's shareholders. The Company also intends to change its name, consolidate its shares, add at least one more independent director and seek to identify and acquire a new business activity, most likely in the natural resource industry. As part of this process the Company will evaluate options for upgrading its listing. The Company intends to hold a shareholders meeting within three months and to the extent that sufficient progress has been made, will present these initiatives for approval by shareholders at that time.
Very exciting times coming in the near future, and also within a year or two!
News 
Market Data 
Discover 
