RE: Undervalued CompaniesNobody is buying IMT right now because all they have is a bunch of moose pasture for now. I can't believe this company didn't file for chapter 11 a year ago before the 5-1 consolidation. Money has been flowing out of this company faster than Niagra Falls. On paper this company looks terrible with no coverage! Would you buy that???
Since then .16 to .93 and back to current .55. Looks like Gary got his realters licence and snatched up 5 properties before the mad rush of companies all tripping over themselves trying to get a peice of the action. Now he is going to put them all into action at the same time! That is probably what is taking so long, you know how long it take to commission just one 43-101 never mind crossing the t's and dotting the i's on the new property agreement and the geolocical surveys.
Those who have not already found either BEA or IMT are certainly loosing out on something big here. Once this next news release is out I bet IMT and BEA will be halted for a day and never look back on .50 again! That 5-1 consolidation a while ago means they can now add UNLIMITED shares to the float. This will help with possible funding for drilling this spring as they do not require ice roads to gain access to their properties. Now that there are 2 IMT's, (BEA) it opens the door to further JV parteners to work up these properties. I like the way CXX and BAY look. I think our share price will fall in between there somewhere within the next 6 months all depending on what next week brings. Things could go MUCH higher!!!
GLTA Have a Great Weekend!