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Gold/Mining/Energy : Imperial Metals (IPM.T)
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To: Italian Investor who wrote (580)8/11/2010 10:16:48 PM
From: teevee  Read Replies (1) of 1366
 
On the way to $.95, fund managers had to sell at any price bid to meet redemptions. III is a thin trader to begin with. The "street" float is only about 14 million shares so all it would take is some redemptions and have most buyers on the sidelines and III could easily fill the gap between $6-$8. I will hold my position (and my nose if need be), with the possibility of financing on the horizon. I will also hold for mine development as there is a real undervalued resource asset here that is not widely known or followed.
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