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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% by Mount Polley Mining Corporation, a wholly owned subsidiary of the Company. The property encompasses about 24,096 hectares (ha) consisting of seven mining leases and 52 mineral claims. The Huckleberry copper mine in west-central British Columbia is 100% owned by Huckleberry Mines Ltd., a wholly owned subsidiary of the Company. The property encompasses about 25,767 ha, consisting of two mining leases and 49 mineral claims. Red Chris Development Company Ltd., a subsidiary of the Company, owns a 30% beneficial interest in the Red Chris copper/gold mine in northwest British Columbia.


TSX:III - Post by User

Bullboard Posts
Comment by ArmlessWarrioron Aug 14, 2018 9:59am
109 Views
Post# 28456006

RE:RE:I hate to say it but I think these guys will go to 0.15$

RE:RE:I hate to say it but I think these guys will go to 0.15$Too much incentive for management to keep ME happy.  Too little incentive to keep shareholder happy.  ME already has the revenue stream guaranteed.  The outcomes:

1.  Just another day.  ME takes all cashflow.  ME owns all shares.  Enjoys SP increase.
2.  Just another day.  ME takes all cashflow.  ME owns 40% to 80% shares.  Shareholders get take nothing.
3.  Just another day.  ME takes all cashflow.  ME owns 40% to 80% shares.   SP increase and shareholders take some share price increase.
4.  Some non bozo comes along with $100 million+.  Buys non-registered shares.  Becomes the third registered owner.  Fixes the company, fixes the copper demand, convinces ME to forgive the debt.  III pays dividends.  SP increases to $30.  Long term share holders buy houses in Vancouver.  

Bullboard Posts