Inmet Mining

IMN-T

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Analysis and Opinions about IMN-T

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Opinion
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PAST TOP PICK
PAST TOP PICK
April 18, 2013

(A Top Pick March 13/12. Up 14.87%.) Acquired by First Quantum (FM-T).

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Inmet Mining (IMN-T)
April 18, 2013

(A Top Pick March 13/12. Up 14.87%.) Acquired by First Quantum (FM-T).

COMMENT
COMMENT
March 5, 2013

First Quantum (FM-T) has made an offer for this company. Feels this company should take the offer. There are probably better names in the copper space. The whole mining industry needs to consolidate.

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Inmet Mining (IMN-T)
March 5, 2013

First Quantum (FM-T) has made an offer for this company. Feels this company should take the offer. There are probably better names in the copper space. The whole mining industry needs to consolidate.

COMMENT
COMMENT
February 26, 2013

Has an offer on the table from First Quantum (FM-T). He has not tendered his shares nor does he intend to on their 1st offer which he feels is highly undervalued. Inmet’s Panama mine is one of the premier copper mines and will be on stream in the 2nd half of the decade.

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Inmet Mining (IMN-T)
February 26, 2013

Has an offer on the table from First Quantum (FM-T). He has not tendered his shares nor does he intend to on their 1st offer which he feels is highly undervalued. Inmet’s Panama mine is one of the premier copper mines and will be on stream in the 2nd half of the decade.

COMMENT
COMMENT
February 19, 2013

Subject of a takeover bid, valued at $72 a share consisting of half stock and half cash. Risk of this stock going much below $67-$68 is pretty small. Company is actively soliciting votes against the takeover. Thinks it is worth more than $72 a share.

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Inmet Mining (IMN-T)
February 19, 2013

Subject of a takeover bid, valued at $72 a share consisting of half stock and half cash. Risk of this stock going much below $67-$68 is pretty small. Company is actively soliciting votes against the takeover. Thinks it is worth more than $72 a share.

HOLD
HOLD
February 11, 2013

Hold on until the last minute because there could be a deal done anyway. Just stay in.

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Inmet Mining (IMN-T)
February 11, 2013

Hold on until the last minute because there could be a deal done anyway. Just stay in.

SELL
SELL
January 15, 2013

There is a proposal for acquisition by First Quantum Minerals (FM-T). It really comes down to whether you think they can make a go of it in terms of servicing another buyer. Price action has shown that it is not going to $90 anytime soon. If you own it he would suggest Selling.

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Inmet Mining (IMN-T)
January 15, 2013

There is a proposal for acquisition by First Quantum Minerals (FM-T). It really comes down to whether you think they can make a go of it in terms of servicing another buyer. Price action has shown that it is not going to $90 anytime soon. If you own it he would suggest Selling.

HOLD
HOLD
December 20, 2012

Big operating copper company with mines in Spain, Finland, Greece and Panama. First Quantum (FM-T) has just made an offer. He believes that there will be other bids as well and should go for at least $80 a share and possibly $85.

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Inmet Mining (IMN-T)
December 20, 2012

Big operating copper company with mines in Spain, Finland, Greece and Panama. First Quantum (FM-T) has just made an offer. He believes that there will be other bids as well and should go for at least $80 a share and possibly $85.

HOLD
HOLD
December 3, 2012

Doesn’t know if there will be a higher offer. With copper over $3/lb, this is worth $85 a share. He is not a seller because knows there is a lot more value in it. The mine in Panama that will come on line will be the biggest one to come on in the next 10 years. There are no permitting problems.

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Inmet Mining (IMN-T)
December 3, 2012

Doesn’t know if there will be a higher offer. With copper over $3/lb, this is worth $85 a share. He is not a seller because knows there is a lot more value in it. The mine in Panama that will come on line will be the biggest one to come on in the next 10 years. There are no permitting problems.

BUY
BUY
October 9, 2012

(Market Call Minute.) Base metal producer. Good time to get in. Production in Spain, Finland and Panama and fully financed.

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Inmet Mining (IMN-T)
October 9, 2012

(Market Call Minute.) Base metal producer. Good time to get in. Production in Spain, Finland and Panama and fully financed.

BUY
BUY
September 12, 2012

He can’t find another good quality pure copper Canadian producer. This company is hinging its future success on a large mine in Panama and hopefully they will have it completed by 2016-2017. Thinks the market will be short of copper supply next year. Feels it has an NAV of about $80 a share and doesn’t know why it can’t trade at that amount.

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Inmet Mining (IMN-T)
September 12, 2012

He can’t find another good quality pure copper Canadian producer. This company is hinging its future success on a large mine in Panama and hopefully they will have it completed by 2016-2017. Thinks the market will be short of copper supply next year. Feels it has an NAV of about $80 a share and doesn’t know why it can’t trade at that amount.

HOLD
HOLD
August 28, 2012

Was intrigued by the deal they did with Franco Nevada (FNV-T) and feels it is a great way to go. It will take a year or 2 before you see any financial benefits from the financing. Wouldn’t be a buyer yet.

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Inmet Mining (IMN-T)
August 28, 2012

Was intrigued by the deal they did with Franco Nevada (FNV-T) and feels it is a great way to go. It will take a year or 2 before you see any financial benefits from the financing. Wouldn’t be a buyer yet.

DON'T BUY
DON'T BUY
August 22, 2012

(Market Call Minute.) Sees better opportunities in other mining stocks.

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Inmet Mining (IMN-T)
August 22, 2012

(Market Call Minute.) Sees better opportunities in other mining stocks.

BUY
BUY
August 17, 2012

He would be inclined to buy this one at these prices. They are funded for their development projects over the next number of years. He is more bullish on copper prices where the stronger leverage is.

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Inmet Mining (IMN-T)
August 17, 2012

He would be inclined to buy this one at these prices. They are funded for their development projects over the next number of years. He is more bullish on copper prices where the stronger leverage is.

WAIT
WAIT
July 31, 2012

Has to go to $32.10. One of the ones he has earmarked.

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Inmet Mining (IMN-T)
July 31, 2012

Has to go to $32.10. One of the ones he has earmarked.

BUY
BUY
July 31, 2012

Released earnings last night and there was kind of a relief rally today. The fact that they met expectations or slightly beat them, they were rewarded. Terrific balance sheet. Very cheap.

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Inmet Mining (IMN-T)
July 31, 2012

Released earnings last night and there was kind of a relief rally today. The fact that they met expectations or slightly beat them, they were rewarded. Terrific balance sheet. Very cheap.

HOLD
HOLD
July 19, 2012
Copper/zinc producer. Strong balance sheet. His concern one of their primary growth drivers, the Cobre project in Panama. A $6.5 billion plus capital commitment that they are entirely on the hook for. Unsuccessful in farming out a portion of it.
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Inmet Mining (IMN-T)
July 19, 2012
Copper/zinc producer. Strong balance sheet. His concern one of their primary growth drivers, the Cobre project in Panama. A $6.5 billion plus capital commitment that they are entirely on the hook for. Unsuccessful in farming out a portion of it.
DON'T BUY
DON'T BUY
July 16, 2012
Hudbay Minerals (HBM-T) or Inmet Mining (IMN-T)? Hudbay is a little bit too confusing and Inmet is too expensive.
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Inmet Mining (IMN-T)
July 16, 2012
Hudbay Minerals (HBM-T) or Inmet Mining (IMN-T)? Hudbay is a little bit too confusing and Inmet is too expensive.
BUY
BUY
June 29, 2012
In a trading range with support at around $40 or so. This one may be good for a reasonable bounce. There is resistance at around $60.
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Inmet Mining (IMN-T)
June 29, 2012
In a trading range with support at around $40 or so. This one may be good for a reasonable bounce. There is resistance at around $60.
BUY
BUY
June 15, 2012
Has it as an out-perform. Likes it, although he is staying away from the precious metals personally.
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Inmet Mining (IMN-T)
June 15, 2012
Has it as an out-perform. Likes it, although he is staying away from the precious metals personally.
DON'T BUY
DON'T BUY
June 13, 2012
(Market Call Minute.) Too many moving parts. They’ve got big CapX uncertainties.
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Inmet Mining (IMN-T)
June 13, 2012
(Market Call Minute.) Too many moving parts. They’ve got big CapX uncertainties.
HOLD
HOLD
June 11, 2012
(Market Call Minute.) Need to find a partner in their Panama project and she doesn't expect this to materialize this year.
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Inmet Mining (IMN-T)
June 11, 2012
(Market Call Minute.) Need to find a partner in their Panama project and she doesn't expect this to materialize this year.
BUY
BUY
May 17, 2012
(Market Call Minute) Getting ready for corporate Panama update at the end of the month. Existing production out of Spain and Finland and $25 in cash.
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Inmet Mining (IMN-T)
May 17, 2012
(Market Call Minute) Getting ready for corporate Panama update at the end of the month. Existing production out of Spain and Finland and $25 in cash.
DON'T BUY
DON'T BUY
May 11, 2012
He waited and waited for a technical sign but this year it never got strength relative to the TSX. There ill be an opportunity late this year.
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Inmet Mining (IMN-T)
May 11, 2012
He waited and waited for a technical sign but this year it never got strength relative to the TSX. There ill be an opportunity late this year.
DON'T BUY
DON'T BUY
May 10, 2012
Base metal mining company. Profitable. Big development project in Panama. Stock market just hates it at the moment. There is a huge amount of scepticism as to how these projects can run away from you and never get a return your investment. Has come off, but just not that cheap. He prefers Capstone Mining (CS-T) where there is a three-year big South American growth project and the CapX is reasonable and the company can hit.
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Inmet Mining (IMN-T)
May 10, 2012
Base metal mining company. Profitable. Big development project in Panama. Stock market just hates it at the moment. There is a huge amount of scepticism as to how these projects can run away from you and never get a return your investment. Has come off, but just not that cheap. He prefers Capstone Mining (CS-T) where there is a three-year big South American growth project and the CapX is reasonable and the company can hit.
BUY
BUY
May 8, 2012
Just announced that they are going it alone on their big copper mine in Panama. Strip out the cash on their balance sheet, $25 a share, you have a stock trading at $19, think they will earn well over $5 a share this year and this gives you 4X earnings. The stock will get taken out if it stays below $50.
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Just announced that they are going it alone on their big copper mine in Panama. Strip out the cash on their balance sheet, $25 a share, you have a stock trading at $19, think they will earn well over $5 a share this year and this gives you 4X earnings. The stock will get taken out if it stays below $50.
BUY
BUY
April 13, 2012
There are only a handful of miners on the TSX and they are gradually, probably going to disappear. If you are positive like him you should have some exposure in this area. It has bottom and is now starting to turn up.
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Inmet Mining (IMN-T)
April 13, 2012
There are only a handful of miners on the TSX and they are gradually, probably going to disappear. If you are positive like him you should have some exposure in this area. It has bottom and is now starting to turn up.
TOP PICK
TOP PICK
March 13, 2012
The best copper producer in the world. One of the world’s largest deposits coming on stream in 2016. $25 a share in cash on the balance sheet. 5x earnings. Thinks they will get favourable results in Panama and could sell either an interest or the whole company. This is a great entry point and won’t be around very much longer.
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Inmet Mining (IMN-T)
March 13, 2012
The best copper producer in the world. One of the world’s largest deposits coming on stream in 2016. $25 a share in cash on the balance sheet. 5x earnings. Thinks they will get favourable results in Panama and could sell either an interest or the whole company. This is a great entry point and won’t be around very much longer.
PAST TOP PICK
PAST TOP PICK
October 20, 2011
(A Top Pick Oct 5/10. Down 15.23%.) When copper prices go up, this will go up 15% in a heartbeat.
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Inmet Mining (IMN-T)
October 20, 2011
(A Top Pick Oct 5/10. Down 15.23%.) When copper prices go up, this will go up 15% in a heartbeat.
BUY
BUY
October 5, 2011
You have good cyclical bounce here. Probably not a bad time to buy a copper stock.
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Inmet Mining (IMN-T)
October 5, 2011
You have good cyclical bounce here. Probably not a bad time to buy a copper stock.
BUY
BUY
August 24, 2011
Primarily a copper producer. It owns a terrific property in Panama. Major sovereign wealth money behind it. Biggest copper mine in the world. Has had problem getting full production out of the their mine in Spain.
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Inmet Mining (IMN-T)
August 24, 2011
Primarily a copper producer. It owns a terrific property in Panama. Major sovereign wealth money behind it. Biggest copper mine in the world. Has had problem getting full production out of the their mine in Spain.
BUY
BUY
August 11, 2011
One of the only pure copper plays on the TSX. Feels they have the best copper assets globally. Continue to have issues with their Spanish mine. Copper markets have rebounded.
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Inmet Mining (IMN-T)
August 11, 2011
One of the only pure copper plays on the TSX. Feels they have the best copper assets globally. Continue to have issues with their Spanish mine. Copper markets have rebounded.
COMMENT
COMMENT
May 25, 2011
Inmet Mining (IMN-T) or Teck Resources (TCK.B-T)? Not a resource person but would suggest Teck because it is more diversified, bigger and leveraged to metallurgical coal.
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Inmet Mining (IMN-T)
May 25, 2011
Inmet Mining (IMN-T) or Teck Resources (TCK.B-T)? Not a resource person but would suggest Teck because it is more diversified, bigger and leveraged to metallurgical coal.
BUY WEAKNESS
BUY WEAKNESS
May 19, 2011
Reasonable buy at these levels. Expect markets will grind sideways for the next couple of months so accumulate on weakness. Have their Spanish mine coming on next year, which should increase their production. Have a significantly larger mine coming on in 2015-2016 in Panama. Accumulate on weakness.
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Inmet Mining (IMN-T)
May 19, 2011
Reasonable buy at these levels. Expect markets will grind sideways for the next couple of months so accumulate on weakness. Have their Spanish mine coming on next year, which should increase their production. Have a significantly larger mine coming on in 2015-2016 in Panama. Accumulate on weakness.
TOP PICK
TOP PICK
May 3, 2011
This is a story about China. He doesn’t see copper supply meeting China demand. There are not a lot of long term copper plays left. He could see a take-over happening shortly.
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This is a story about China. He doesn’t see copper supply meeting China demand. There are not a lot of long term copper plays left. He could see a take-over happening shortly.
DON'T BUY
DON'T BUY
March 29, 2011
It will under perform the group, now that the merger is not going through. Their biggest project now has a much higher cost structure. He would switch to LUN-T.
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Inmet Mining (IMN-T)
March 29, 2011
It will under perform the group, now that the merger is not going through. Their biggest project now has a much higher cost structure. He would switch to LUN-T.
BUY
BUY
March 22, 2011
Such an interesting story. This is probably the highest beta stock he owns. Biggest wild card is their giant proposed min in Panama, where the president says he doesn’t care about mining. Another hurtle was the way they want to power the mine. Also they are being bid for, one of which is hostile. Panama is seen as the future of the company. The current price only takes into account what they are producing now, so you get Panama for free. Doesn’t think there is much downside.
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Inmet Mining (IMN-T)
March 22, 2011
Such an interesting story. This is probably the highest beta stock he owns. Biggest wild card is their giant proposed min in Panama, where the president says he doesn’t care about mining. Another hurtle was the way they want to power the mine. Also they are being bid for, one of which is hostile. Panama is seen as the future of the company. The current price only takes into account what they are producing now, so you get Panama for free. Doesn’t think there is much downside.
BUY WEAKNESS
BUY WEAKNESS
March 8, 2011
Doesn’t particularly like some of the political risks but they’re diversified enough that any one piece is not going to take them down. Incredibly profitable company and are working on some good growth projects. Looking at it seriously.
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Inmet Mining (IMN-T)
March 8, 2011
Doesn’t particularly like some of the political risks but they’re diversified enough that any one piece is not going to take them down. Incredibly profitable company and are working on some good growth projects. Looking at it seriously.
HOLD
HOLD
February 24, 2011
Proposed merger between Inmet (IMN-T) and Lundin (LUN-T). Both are copper companies and are trying to get bigger. Inmet just reported and production was quite a bit behind schedule and earnings fell short as well. Stock has not been performing well. A lot of these issues are temporary and will be resolved over the next quarter or so. He is bullish on copper.
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Inmet Mining (IMN-T)
February 24, 2011
Proposed merger between Inmet (IMN-T) and Lundin (LUN-T). Both are copper companies and are trying to get bigger. Inmet just reported and production was quite a bit behind schedule and earnings fell short as well. Stock has not been performing well. A lot of these issues are temporary and will be resolved over the next quarter or so. He is bullish on copper.
WAIT
WAIT
February 22, 2011
In the midst of a merger. Some very interesting properties the two parties bring to the table. But there is two very different cultures. He is watching it very closely. It is falling with the market right now.
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Inmet Mining (IMN-T)
February 22, 2011
In the midst of a merger. Some very interesting properties the two parties bring to the table. But there is two very different cultures. He is watching it very closely. It is falling with the market right now.
PAST TOP PICK
PAST TOP PICK
January 26, 2011
(A Top Pick Jan 4/10. Up 13.48%.) Still a Buy.
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Inmet Mining (IMN-T)
January 26, 2011
(A Top Pick Jan 4/10. Up 13.48%.) Still a Buy.
DON'T BUY
DON'T BUY
October 28, 2010
Well managed and a nice balance of metals. Having issues with meeting production and as long as this happens there will be improvement in the stock price. Should be making their numbers by next year but won't be a big performer.
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Inmet Mining (IMN-T)
October 28, 2010
Well managed and a nice balance of metals. Having issues with meeting production and as long as this happens there will be improvement in the stock price. Should be making their numbers by next year but won't be a big performer.