INL.V - Inlet Resources Ltd

[cdnxtracker]

This one caught my eye from the volume on it today.
It appears that all of the volume or most of it happened
in the last 30 minutes. This might be one for us to keep
an eye on as they could make a similar deal. This has a
very tight share structure with only 8 million shares outstanding
and management does hold most of them. So time will tell what
was the cause of all this volume. I may try bidding for some
tomorrow myself

[cdnxtracker]

Nice pull today on this one. This might now be our opportunity
to buy some on the cheap. If .33cts holds here then we could
be back over .40 in no time at all. Not very many on the ask right
now. Only one large seller so once she is doen I think this gets
nutso. News must be on the way for this kind of volume and
accumulation

[Naamplao]

I would be very wary of this company...yes there is a lot of volume currently but this is an insider selling

Canadian Insider

Now who she is selling to is a question and why would an insider sell all of these shares if there was something big coming down the pike??

This is just a shell of a company who has not had a sale of anything in the last five years.

Income Statement-INLET RESOURCES LTD - V.INL:TSX-V

This is probably not the whole story. Perhaps the shell is being sold to someone...who knows.

I would not touch this stock it is so speculative. My guess is that it is something internal and once it is completed the share volume will dry up and you'd be stuck with those shares.

I could be wrong but I thought I would give some FACTS to spur those contemplating purchase of this stock to do some DD.

[cdnxtracker]

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Timer shareholder 0702232 B.C. increases holdings
TES.v is now PON.v and look at the date of acquisition
and the date on the closure of the PON deal.
INL.v is next as they are the same group and loading up
just the same. IMO

2008-04-30 20:18 ET - News Release

Mr. David Baker reports

0702232 B.C. Ltd. has acquired, by way of private agreement, ownership and control over 1.27 million common shares of Timer Explorations Inc. Prior to the transaction, 0702232 B.C. had ownership and control over 1,272,500 common shares of the company, and no principals of 0702232 B.C. had ownership or control over any securities of the company. As such, 0702232 B.C. has 2,542,500 common shares, representing 19.08 per cent of the issued and outstanding shares of the company. 0702232 B.C. has its business office located at 4567 Holly Park Ct., Delta, B.C., V4K 4S7.

The company understands that 0702232 B.C. acquired the securities for short-term investment purposes. The company understands that 0702232 B.C. has no present intention to acquire further securities of the company, although it may in the future acquire or dispose of securities of the company through the market, privately or otherwise, as circumstances or market conditions warrant.

A copy of the early warning report filed with the applicable securities regulators regarding the transaction is available on SEDAR. A copy of the early warning report and further information may also be obtained by contacting Marilyn Wong, administration officer of the company, at 604-685-3317.

[cdnxtracker]

Inlet investor 0702232 B.C. acquires 169,500 shares


2008-05-30 19:59 ET - News Release

Mr. David Baker reports

Inlet Resources Ltd. has been advised by 0702232 B.C. Ltd. (BC Co.) that BC Co. acquired, by way of acquisition in the public market, ownership and control over 169,500 common shares of the company. Prior to the transaction, BC Co. had ownership and control over 978,500 common shares of the company, and no principals of BC Co. had ownership or control over any securities of the company. As such, BC Co. has 1,148,000 common shares, representing 13.15 per cent of the issued and outstanding shares of the company. BC Co. has its business office located at 4567 Holly Park Ct., Delta, B.C., V4K 4S7.

The company understands that BC Co. acquired the securities for investment purposes. The company understands that BC Co. may in the future acquire or dispose of securities of the company through the market, privately or otherwise, as circumstances or market conditions warrant.

A copy of the early warning report filed with the applicable securities regulators regarding the transaction is available on SEDAR. A copy of the early warning report and further information may also be obtained by contacting Marilyn Wong, administration officer of the company.

[cdnxtracker]

A lot of accumulation here the last few days.
This one looks very good for a major breakout.
This .37-.38cts seems to be where solid support
now is so this might be the buying point we were
waiting for on the pullback. If these guys do go
potash as most expect they will then this could
very well be a 10 bagger from current levels.

[cdnxtracker]

Inlet has a 50% interest in the Broken Hill - Leo property, located approximately 150 kilometres north - north east of Kamloops, British Columbia.

The property comprises of 133 claims (3,325 hectares) located near the village of Avola, and covers a 9 km strike extent of carbonate stratigraphy with numerous Zinc - Lead - Silver showings and occurrences. Previous drilling resulted in narrow intercepts of zinc mineralization, including 5.88% zinc over a drill width of 0.83m.

These claims are located approximately 15 km west of the Ruddock Creek Property where Selkirk Metals (TSX-V:SLK) had a drill hole intercept of 16.28% zinc, and 3.31% lead over 17.4 metres.

A $125,000 exploration program is planned for 2008 which encompasses line cutting, prospecting, rock and soil sampling, trenching in the area of the Navan and Mike Showings and 2,000 metres of diamond drilling and core sampling in order to better establish the extent of the mineral showings and to define the economic potential of the property.

[marty92108]

This company may look good but it might be a trap. There is no evidence of any real income from their holdings. Anyone can own a few acres of land and call it a mine. "Thars gold in them thar hills." Or not. From the early warning posted by the company it looks like the volume is from insider trading. I would watch this at arm's length. If it moves consider a small position. Just my opinion.

[Naamplao]

You are absolutely correct about this property Marty. It has lost about 50% of its value since first touted by cdnxtracker. in June. INL.V - SharpCharts from StockCharts.com

Here is the P&F chart



It may find support at $0.20 but somehow I doubt it.

Him saying the merit of this property was a 15KM drive from a Selkirk Metal Corp property is laughable....this stock is hardly a success story at this time either...Here is the shaprChart for Selkirk Metal Corp

SLK.V - SharpCharts from StockCharts.com

[cdnxtracker]

This is now starting to look very attractive again trading near the
lows with all of those options and warrants excercised on the last
run. These guys now have well over $900K in the bank and an up
coming drilling program set for later this year.
I still believe that these guys have more to this play then we know
and that is why I am here and buying. Time will tell, but right now at
.21cts this is looking very cheap based on the cash position alone.