Imperial Metals Corp T.III

Short sellers are active

[miningfundi]

The 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.

[temeraire]

A cash bid from ME......now there's a thought and frankly a smart one at that.  He could take it private inside his Family Trust. 

[miningfundi]

I see that Anonymous is back selling aggressively again. Interesting that III's current market capitalisation is less than the value of its 30% interest in Red Chris, even based on the price paid by NCM for its 70% acquisition of Red Chris way back in early 2019. This despite the significant increase in the value of the resource at Red Chris since then e.g. the East Ridge - and ignoring Mt

[temeraire]

No question the stock has been nothing but disappointing.  I participated - like many others on the board - at 4.75.  I passed on the last raise - can you imagine how that would've felt.  The company is underfunded in the face of everything that's ahead. An investment has always been about ridding behind ME. His success in oil makes this thing small beans and one that he can