Imperial Metals (IPM.T) Message Board

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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: Italian Investor who wrote (285)	3/30/2010 4:17:12 PM
From: refugee investor	Read Replies (1) of 1366

Magellan has had a wonderful bounce about like Imp. If you bought at those levels then well done. What if Magellan is mainly Edward's insurance against oil getting cheap again, a hedge, and not so great in its own right? Is that possible? I think even the best defence and aerospace cos are reasonable at the moment..Magellan's valuation depends on whether it can regularly earn money or not. No idea why it lost money for a couple of years. Probably too hard to figure that one out. So it is still cheap enough to warrant a spec./value play?

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