Back in I have been following imperial for over 20 years and made good money with this name selling the rips. Started a position recently and plan on buying much more if it goes lower. I owned this name many times in the past, and I am usually early when buying so did not buy aggressively yet. I bought way too soon a few times prior before making good money in the end. I could of made much more if I was a little more patient. Early 2020 I was buying before COVID was spread all around the world and was just a China virus never thought it would become what it is today and a life line for world leaders to print trillions. I was watching copper fall everyday and thought it was at an unbelievable price around 2, so bought imperial in yhe 1.60-1.70s and bought all the way down to .83USD. prior to be early this round I was super early a decade prior buying something like 7 then 4 then 2 then .93 before it ran up to the 13-14usd range.
Back around 2009-2010 the game plan for imperial was to use Polleys cash flow to help fund Chris with cash flow, and they were doing just that and the stock went from .93 USA to over 14 USA and there future looked rosey then the dam breach messed everything up and Edwards did some magic getting a deal done for a bankrupt company and here we are today. The 30% we own today is right around what newcrest would of paid if they bought the whole company and metal prices were lower, so maybe our 30% is worth more now than what they paid. Anyways, the life of huckleberry and Polley looks much longer than it did a few years ago and should help in the funding of the block cave (2.3bX.30) once both come on line. Like the fact Edwards, will always be there for what can't be funded with cash flow if we need more money as he has had Imperials back for over 20 years.
Anyways, thought I would share this podcast I listened to today and some idea I think are cheap. anyone has any other deep value names I am all ears.
https://podcasts.apple.com/us/podcast/mi-rewind-why-warren-buffett-might-be-wrong-with/id1477323816?i=1000543842112
mcesf
33% owned by insiders, revenue projected at 380m CAD on a 85m CAD marketcap, netting 6% on revenues we are talking a very low P/E, but it gets better they are net cash and have PPE worth more than the marketcap, dirt cheap. Also, note they are in a business that is recession proof as maintenance on pipelines is mandatory, so they will have cash flow coming in the door in any environment.
CRD-B Crawford insiders own a significant amount of the company and have been buying recently!!! They yield 2x the 10 year and trade @ forward P/E around 9. They are a global company in a needed business that is also recession proof. tragic events are going to happen around the world no matter the state of the global economy.
AE one more getting tired, another name with significant insider ownership north of 50% and buying recently as well. Mgt is sharpe as they come they showed this during the COVID lows making multiple purchases when oil and gas prices were in the crapper and nobody had the money or scared to take advantage of the market. They got the VEX pipeline along with other assets for 10% of the cost it took to build as an example on one of the deals they made. Anyways, they trade at a single digit p/e, net cash and payout out more the 2x the 10 year.