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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

Post by miningfundion Sep 23, 2022 3:52pm
238 Views
Post# 34982958

Short sellers are active

Short sellers are activeThe short position increased by about 40% from 08/31/22 to 09/15/22 - to about 196,000 shares total which is about 0.13% of the float. "Anonymous" is the active seller today. I am looking forward to a short squeeze when we finally get some seriously good news from III and from the markets - when? NCM is also setting new lows, so no bids from it likely anytime soon. Maybe ME will make a cash bid for III (historically cheap but at a big premium to the current III share price), and do a deal with NCM when the markets improve. I am hanging on and nibbling - III looks seriously oversold. 
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