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 1.860

-1.1%

Nov 19 3:04 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Roman de Guzman who wrote ()	12/29/1996 10:07:00 PM
From: Dav!d	of 1366

Hello Bobby, This is my take on the matter. People want to be directly involved with the "play" UNTIL the play becomes an actual mineralized ore body with definite reserves (i.e. Bresea and Bre-X). So, people will buy into Colony Pacific because it is directly involved with the JV agreements with Inco on the island of Sumatra. Indeed, the price appreciation of CYX is SOLELY DUE TO NESBITT BUYING AND NO ONE WANTING TO SELL. Thus, people are willing to pay $9.00 for this stock even though there is a lot of ground work to be done. The best bet is to wait until June-August and buy Colony at $4.00 or so. Notice that Nesbitt has not been a major accumulator of Imperial (going from memory). It is based on supply and demand and how good the story is. So far, the story behind CYX sounds really good and GREAT for the long-term (i.e. 2 years). Yes, one day imperial will catch up but that might not occur until SOME REAL results come out of the JV properties of CYX/Inco. This is just my opinion and IMP might go to $3.00 tomorrow. Good luck, david

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next