DH has doubled up his holdings in IMA. Expect IMA to perform well today if the rest of the market continues to be silly with this nuclear situation in Japan.
I've been thinking about the question posed by burntgambler as to why Iluka has sold if it's so good.
I think the question has been partially answered by another poster. The 4 tenements are spread throughout the land. Thus making the economics not as lucrative.
I think the second half is a comparison to a company such as BCC. They have picked up huge leases in Alaska. The big boys have moved out as the fish is too small for them, however it's a huge fish for a micro cap like BCC. I beleive the same thing applies here. The 4 leases are just too small for them to really bother with it. This way they get cash plus a holding in IMA. IMA does well - they benefit. Win-win for them.
My thoughts for the day. Am looking forward to today!
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