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Bullboard - Stock Discussion Forum Imperial Metals Corp T.III

Alternate Symbol(s):  IPMLF

Imperial Metals Corporation is a Canada-based exploration, mine development and operating company. The Company’s holdings include the Mount Polley mine (100%), the Huckleberry mine (100%), the Red Chris mine (30%). The Company also holds a portfolio of about 23 greenfield exploration properties in British Columbia. The Mount Polley copper/gold mine in south-central British Columbia is owned 100... see more

TSX:III - Post Discussion

Imperial Metals Corp > Mexican standoff?
View:
Post by miningfundi on May 27, 2023 5:35pm

Mexican standoff?

Only 21,510 III shares traded last week - an average of 4,300 shares per day! Perhaps III buyers and sellers are waiting for the NCM/NEM merger to close in Q4 2023, and whether N2 will then buy III's 30% of RC? But perhaps ME may make his move during the interim - not an offer to buy III's RC interest (NCM has a ROFR) but an offer to buy the 51% of III he does not own.
Comment by temeraire on May 29, 2023 6:43am
No question the outcome of our 30% has become incredibly interesting!  The trading of the stock is nothing short of ridiculous.  Look back over the years when we were on  knife edge about the BC Govt funding the power line build - making the mine a "renewable" project a decade ahead of the mkt.  Now we've been told there is a 50% upsizing coming with the next ...more