IMA Exploration (VSE:IMR) - IMR.V Message Board

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Gold/Mining/Energy : IMA Exploration (VSE:IMR) - IMR.V

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To: russwinter who wrote (456)	8/21/2000 7:14:29 PM
From: C Bunka	Read Replies (1) of 520

I don't think investors value any resource exploration plays at anything but close to zero these days. Right or wrong. In this regard, IMA is more or less fairly valued at current levels. But I agree that they have great exploration potential in Argentina beginning in December, but more substantially around Jan-Mar. In the meantime the company seems to be trying to kick-start stuff with this Peru acquisition. It's an area of interest to many. I don't think the Barrick deal will lift the share price - Barrick is well-known for excercising "out of the money" warrants. But it does give the company some money in the bank. With that money; and with Peru; and with Argentina; we should see a pretty steady flow of news beginning perhaps around October. I went into the market over the last few weeks and paid between $0.42 and $0.62 to grab a position. I'm happy now and will wait 'till January to take what I expect will be some really nice profits on part of my position.

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