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Gold/Mining/Energy : Imperial Metals (IPM.T)
IPM 1.890+0.5%Nov 17 3:59 PM EST
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To: refugee investor who wrote (284)3/30/2010 9:13:36 AM
From: Italian Investor  Read Replies (2) of 1366
 
I would be interested to hear anything about Magellan. Is it a pure Edwards/value play as far as you are concerned, or do you have insights into the co.?

Remember Mal.to fell to a crazy price .25 or lower I forget back during the panic while they were earning money and there back order was strong they were in no immediate danger of going under, but it sure looked that way looking @ there share price. What brought them down to this low price was noise about all the debt they owed mainly to Edwards and also them being thinly traded kind of like Imperial @ the time. So, during that time Edwards took the opportunity to refinance the debt to his advantage. That is why he is the Warren Buffet of Canada he is a smart guy.

For me Mal.to is a bet on Edwards he pretty much owns the company if he ever converts his shares, I think he will do everything in his power to make them successful. I say let Edwards do the worrying on that name.

Will be adding to my petrie account pretty soon. Two possibilities, Chaoda, which had gone down last time I looked, and Fiat, more of a spec play, the idea also from Oldfield. I rented one last year and was pleasantly surprised. Oldfield commentary from Feb.: I have noticed Chaoda coming down of late I am interested in that name I missed it @ 1 dollar about a month ago by a penny. Do not know much about Fiat with have to do some reading on that name whenever I get the energy to do some HW.
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