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

To: refugee investor who wrote (1022)	3/20/2012 8:51:07 AM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

You are right they are hedged for this year around 5, but next year they are not hedged I believe only 5% off memory is hedged. They have to use the cash flow and the potential asset sale wisely this year and even if they do this it is very likely they will need to raise capital. They are late developing there oil assets, but that is what they will be focusing on until NG is more reasonably priced. SD is a company that is very well hedged they have hedges for oil going out 4 years @ 100 dollars and you know they were primary a NG company not too long ago. So, they can ramp up @ any time if the price is right.