RE:RE:RE:RE:Just reminiscing this morning MrPeters wrote: I like your thoughts and would chew their hand off taking it but to b real at todays prices I'd accept 10/1. IO shares.
Imperial Oil (IMO) stock is trading around $72 CAN a share this morning. Given the whole sector's selloff over the last few months on falling Li prices (remembering: the fundamentals have never looked better for E3), I'd accept 1 IMO share for 24 ETL shares, or ~$3.00 CAN per ETL share. I doubt IMO is thinking about that however, so the next best option in my opinion is riding out the downturn and averaging down over the next month or two. The PFS and the potential for a near term catalyst make any other option a bit too risky at the moment (e.g. I'd hate to sell at a loss, only to see a news release pop us back to $3 a share, which in my opinion is highly likely at this time).