Thursday, June 5, 2008

History of Independence Lead ILDM.PK ILDS.PK

I got my first true 10-bagger with ILDM.PK. HL has a pending buy-out of 1.2 HL Shares for eash ILDM.PK share. I bought most of my ILDM.PK under a buck and 1.2 HL shares is worth ~$12 as or today. Some personal history notes:

http://wallace-id.com/independence/index.html

HL was sued by ILDS.PK for high-grading the leased property. A buyout was the only logical conclusion, but it took a long time and HL's deep pockets finally are paying off. While they were in dispute, they silver kept coming out of the ground and the joint development debts were being paid off. ILDS.PK was getting ready to start paying a dividend in about a year

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MERG.PK and MEMLA.PK maps

http://www.hoytstation.com/merger/images/MERG800.jpg

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Argentum Bug was a huge fan of ILDS.PK and one of the only regular posters on the internet, including the HL Forum on Yahoo. He cashed-out and now likes Baja Mining

http://www.argentum-bug.com/

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