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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?


To: Michael Bidder who wrote (22168)10/11/2003 11:54:18 PM
From: loantech  Read Replies (1) | Respond to of 39344
 
Michael,
I am going to answer your PM in public if you don't mind.

I am not sure what your expression <are you a blue chip means>.

I have no axe to grind with IMA. I do feel as though it deserves even handedness to the current statements made on the SH thread. Lot's of anger on the board. Up until recent weeks I owned 40K of IMA. Others here said it was at a very high price considering. I pared my shares to 20K. I am very interested and heavily invested in another silver play which I have posted on, SVL. Thought a couple of weeks ago we were getting imminent big news on SVL so I got fancy and sold my IMA and bought more SVL. No news on SVL yet. I fully intended to rebuy my 20k of IMA upon SVL news. Hoping to sell SVL make a nice gain and buy IMA. Was not concerned about the price of IMA as I thought any change would be outweighed by my SVL gains. Hasn't happened yet.

In addition I am heavily invested in AQI and have publicly stated such. I have posted on the SH IMR board as a lot of IMR people have been posting on the AQI board and making outlandish and bashing statements so I threw out a few myself. Basically as I have stated there is a lot of smoke and the answers are up in the air.

But it does not seem to hurt to own a stock that has drill proven reserves over one that does not in my opinion.

BTW in answer to your other question on PM I don't bash stocks to come in and buy. It is not my style and never has been. So please find another tree to bark up on that matter. If I state I like a stock I own it or buy it. If I state I don't like a stock which I have not done with IMA BTW, I don't buy it.

I hope this satisfies your or any other person's inquiries.
Tom