To: teevee who wrote (386 ) 5/13/2010 4:09:09 PM From: Italian Investor Read Replies (2) | Respond to Valuation wise VFF.TO and MAL.to were too cheap and that is why they are up nicely since I bought. TI-UN.to is another name that is too cheap that has not moved for me yet but I am betting it will some day. The 2 names that LUK bought are up nicley and are getting the LUK bounce today which usually fades once the lemmings leave, plan on doing research on those names this weekend. I should of bought @ the open was positive they were going to get the LUK bounce but did not act. I hope Imperial is as successful as CNQ another name I made a lot of money with in the past. Imperial still has a lot of potential, you most likely know more than me on mining companies, but what I see is we had a massive run in the price we are actually going on our 5th doubling in the share price in about a year’s time. 40 dollars a share is only a 100% return from here and if you told me back @ .93 we would be thinking Imperial had a chance to reach 40 @ this point in time I would not think it would have been possible, but here we are around 20 and thinking 40, 80 who knows. It is not that exciting to lay down big sums especially when very easily we can go the other way if the world economy catches a cold. Fairholme reduced there position recently they had a 20% stake for the longest time and they reduced, if they were 100% sure on this investment going much higher from this point they would not have reduced. Then again it might not of been there choice maybe they sold for one of there clients or maybe they found something that they thought was cheaper. Not worth having large %s of your net worth in @ this point seems a little risky IMO, but it still looks like a solid investment maybe even a great investment depending on how irrational people get pushing up the price of gold/silver. I just read they just came out with a gold ATM just imagine if that gets popular also the European countries are starting to buy up the medals @ a rapid pace because they are losing faith in the Euro if every country starts doing the same the price of Gold might reach 1 to 1 with the DOW and then most any gold investment you made would do very well. I am always early selling so I miss a good chunk of gain, but most of the time it goes back lower than I sold and I have the opportunity to buy back cheaper. There are lots of investments that have potential and I had a few big gainers this you beside Imperial so no need IMO to risk a big amount of my net worth in something that has already made me some nice change. I still remember watching this name fall to .93 and there were studies on what Red Chris and Sterling were worth and it still fell nobody can predict the madness of people in the ST, but in the LT I think we will be much higher in price like you believe. We have big pockets on board, great mgt and what looks like some very good assets so LT it looks like a winner, but I am hoping Imperial falls rather than goes up from here even though I am a shareholder.
