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Gold/Mining/Energy : Imperial Metals (IPM.T) -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (579)	8/11/2010 9:43:44 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

That is 2 sizable holders reducing in the past year Fairhome (14% now) and now Schaller. Schaller really seems to have trimmed his holdings in a lot of names I did not see Fortescue. The market hates uncertainty and there is going to be so many different stages and fund raises along with an uncertain economy most holders will not stay on board for the time it takes for the mine to be up and running to reap the rewards of today’s medal prices or higher years from now. I believe the price of medals will be higher looking out but I am a commodity bull and believe we are approaching peak everything. I do not believe many people have the stomach to hold a commodity business that a year ago was .93 cents and is now 16, if things get tough. A lot of people new they had great assets @ .93 cents yet it was .93 cents with the share price in cash, people do stupid things when they lose money. That is why I am not adding to my position we are near 52 week highs in all medals and there is a lot of funny money in Imperial along with a few of the larger holders taken money off the table. Imperial is only down roughly 30% from all time highs 18-.93-21-16. If medal prices reverse course I expect imperial to get hit I do not expect many of the new shareholders to have the patience to ride a commodity business like Imperial for years, and know not many can see how great the value of Imperial is like Teevee, and Edwards. I remember just a few years ago Imperial went from what 18-.93 that is a 95% correction. The volume was scarce now the volume is up significantly from that point so I know we have a lot of new holders and I have no idea what type of investor they are just know there has to be more lemmings than a year ago when there was no volume. It is all good when everyone is making money most are happy to keep adding and watching there wealth increase but what happens when we get a significant correction and there gains start to disappear. I think when it is all said and done holders will be very happy with the return looking out years from now but most can’t see past a day. Nobody knows what medal prices will be tomorrow or a year from now but I would much prefer to buy a commodity business in distress and near it lows than its highs even with Imperials potential and great Mgt. I am a holder because I am afraid of missing out but not a large % of my portfolio because I am scared of the ST downside.