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

To: refugee investor who wrote (589)	8/14/2010 12:22:53 PM
From: refugee investor	Read Replies (1) \| Respond to of 1366

seekingalpha.com Think I begin to see it. There is a hell of a lot of room between AIG's current cap of 4 billion and assets minus liabilities--huge margin of error.

To: refugee investor who wrote (589)	8/17/2010 9:29:43 AM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

I have done absolutely no research on AIG or any of the financials. It is a bet on Berkowitz, if he is laying down roughly 10% on AIG you are assured he did his HW. Hopefully it works out the same as when I copied them and LUK into ACF and JEF. Some nice posts on Imperial from you and other board members. It is very hard to put a price on any commodity business the price of commodities fluctuate too much and any valuation can look awesome when prices are near all time highs and looking to go higher then completely the opposite if there is a significant correction . If copper sinks to 1.50 in price and the other medals have the same 50% or so correction what happens to Imperials valuation? That is kind of the case with Natural gas today we went from like 12 to 4. Assets that were once valued @ a 12 dollars our now valued @ 4. Take a look @ SD and GMXR, GMXR valuation when Natural gas was @ 12 it seemed reasonable @ the time and one could get a much higher price with increased production and now with natural gas @ 4 and there hedges coming off in a few years (around 6) they will not survive if natural gas is still 4 dollars looking out 3 or 4 years. GMXR is not profitable on most of there assets @ a 4 dollar price. They are a buyout candidates for a company that can sit on there assets until prices recover. It is a hell of a deal right now if a company thinks natural gas will average 8 dollars plus looking out. SD pretty much stopped producing gas and is strictly oil until they can get a reasonable return on their Natural gas assets. GMXR cannot swing to oil like SD so there is much greater risk to go under or be bought out if Natural gas prices do not recover in a few years that is why GMXR share price is in the toilet. Back a year or so ago the same thing happened with Imperial but Imperial was different in that it was rock solid financially and had big financial backers that is far from the case with GMXR. So, it is definitely more of a spec play but the upside could be huge if Natural Gas prices get to a more reasonable price in a year or 2, my biggest fear right now is a larger player buying them out cheaply. POT got an offer today that should pull up the whole sector hopefully I get a bounce in a few of the names I hold.