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

To: teevee who wrote (653)	9/21/2010 10:44:47 AM
From: Italian Investor	Respond to of 1366

That is pretty bullish news that Imperial started buying shares again. The last time they started buying it was in the mid single digits going off memory. Kind of regretting not adding back some shares on the dip to the 15 range now.

To: teevee who wrote (653)	9/22/2010 4:26:06 AM
From: refugee investor	Read Replies (1) \| Respond to of 1366

Teevee, do you have a back-of-the-envelope formula for calculating the RC value, say using Imp's own estimated value, even if conservative, and a twenty-five year mine life? I used to think that it was bullish when a co repurchased its shares, but in recent years I have noticed that it often goes wrong because managements have the same trouble with bad timing as most other investors. Obviously the latest buyback plan will, at the very least, provide support for the stock price, but you have to wonder why they did not spend a little more money last year to buy back shares, when even a very modest sum could have put a real dent in the number of shares outstanding.