Imperial Metals (IPM.T) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

IPM 1.980

+2.1%

Nov 10 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: refugee investor who wrote (876)	6/2/2011 8:04:54 PM
From: Italian Investor	Read Replies (2) of 1366

Ok bargain hunter, what do you say to Chaoda at a (yahoo) pe of .56? I have not been keeping up with the news about it, or the reasons for the sell off, so I can't add much There are a lot of questions in the bookkeeping of this company if they are telling the truth it is a steal. I guess the market believes they are cooking the books or are a shell company like CSKI which is also priced as if they are going under. They both trade @ a very low P/Es and have more cash than the market cap looking @ the Keystatistics which might not be up to date. I looked @ the main syb 0682.HK and the P/E was close to 3 markets.ft.com There are so many companies that have been accused of accounting fraud in China. I know they changed there auditors in 2007 and in 2010 that is usually a big red flag and they overstated there farmland on a recent headline just looking briefly. Did the insiders really just buy shares or was that made up who really knows with companies like this. They might have more bad stuff if I look deeper. The market is valuing this company right now as if it is a fraud. One good thing Jimmy Rogers mentioned it is his book and had good things to say about them so it might be getting sold off like a lot of names in China because it is not the only Chinese company getting pounded Buffets Byd is getting hit everyday and there are clouds over that name. Oriental paper my bigest Chinese gainer I owned years ago is well off its highs. So, if they are not cooking the books you are going to make some nice change if they are you are going to lose. I have no idea on this name but staying away from China right now. Not Thinking about rolling the dice and buying like 10 Chinese names that are crazily priced like I did before @ the moment. Only one name has to not be lying and it will make up for the 9 busts but I do not have that many ideas right now plus Japan has me so exited why play with China.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next