Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.850

-6.6%

Nov 13 3:59 PM EST

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To: refugee investor who wrote (644)	9/19/2010 8:09:52 AM
From: Italian Investor	Read Replies (1) of 1366

It was pretty funny in that Munger video when he was talking about Gold and he said who ever was making money in gold were Jerks. Imperial went up most likely because the medals keep going up. Did you see AZC it went from like a 1.30 to well over 3 in a short period of time. FR.TO is doing pretty well also it is more to do with the medals rise than Imperial. I like the names I hold now I have not thought of selling anything for over a week now lol . I usually go up and down my list and I have many stocks that I feel shaky holding, but not now. I might go a few months before selling anything going forward. That also might because of Buffet when he said no chance of a double dip too. What was the name you sold? Love NE think it is irrational priced like the valuation ratios the CEO and the business it is cheap IMO. Whenever I trade up like you are doing now I have a hard time holding. Most of the multinational large caps are historically cheap but they still look expensive looking @ some of the smaller companies, so I usually trade down pretty quickly after trading up. Look @ VFF.TO for example they are trading @ a P/E of 7 and less than 3X EBITDA and that is using just the last 2Qs. That is cheap but they do have risk they have 40M or so coming due in a year and they are in the processing of refinancing. It has been well documented how smaller sized companies are having tough times accessing capital. If this does not happen they have 2 lines they can pull from and some cash they can through @ it but they most likely would still have to go to the market to raise more money (dilution). I am pretty sure they will get it done by next Q. SD, is another company that is way more risky than the big boys but a lot of that risk is now gone as they switched to oil from solely a NG company. They are basically trading for what they gor ARD for now. They have hedges in the 80s for oil until 2013 and now have the option to ramp up NG @ there choice (Good way of waiting for NG prices). I think they are less of a spec now and that is why it is one of my larger holding even with there debt load and GMXR has been sold, way to much risk with NG prices stuck in the mud with that name. They have a chance of going under or being bought out @ an irrational price if NG price do not recover. If fracking ever gets stopped NG price will skyrocket which would be good for SD but this probably would kill GMXR.

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