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

To: refugee investor who wrote (1070)	4/23/2012 6:40:41 PM
From: Italian Investor	Read Replies (1) \| Respond to of 1366

Don’t know anything about Canadian Oil Sands. They might outsource like MCF which I believe has 7 employees on the books. I still have not done my HW on that coal stock you mentioned but I plan on looking @ both of these names because you always come up with good ideas. It might be a good idea to swap JRCC for the coal name you recommended to offset some gains with losses if it is comparable in value or better quality like BTU where I have a 2% position now. Both of the names you mentioned look like they belong in the spice section and the main reason why I am holding off doing research plus I have been lazy and scared of doing any research because I strongly believe there is going to be more downside and cheap will get cheaper. I also know I will look @ these companies like I did with ANR, XCO and go crazy. I have roughly 50%cash right now with about 25% spices with 25% quality. I have a lot of spices in these 2 sectors already XCO 5% SD 4%, ANR 5%, JRCC 2% and I plan on getting back into NFX as soon as I am free of getting hit with wash sales, so got my fingers crossed this name keeps getting hit. XCO has been holding up surprisingly well considering the asset sale being a bust which pretty much assures there will be dilution down the road. The upside potential to this name right now is pretty mouthwatering if NG prices recover to a rational level, but there is risk and that is why it is 5%. XCO has the potential of being Imperial Medals like but it is harder to hold because they do not have the rock solid financials like Imperial did, but the upside is huge even if we get half what China or Europe is currently paying. ABH I bought more of today 12.88 they can double and still trade significantly below tangible book crazy. I bought more of tot today also 46.58 I believe was the price I paid. I almost got more BP also both seem like no brainers when the 10 year is under 2%. If they earn what they did last year and we slap a 6 P/E on these names that is 12% a year with no growth factored in. Even if they are @ peak earnings right now we double the P/E we are talking 6% a year which is considerable better than t-billz. Not super crazy about these names and returns but my standards are lower than they were just a few months ago. So, with these names if oil has a correction you do well looking out, if it stays where it is you do pretty good and if oil goes higher they become very good investments.