168 m market cap . Buy of the century, page-19

For me, the share price is being held down by the Liberal government attitude to China, triggered by following Trump into a mess of tariffs and goods rejection. Truly a dangerous ieader, who won't go away entirely. King Mess, Lord of flies.

If relations can be normalised by Biden with China, then Scotty can follow that wagon train instead. The minor minerals industry at the moment could become a target.... Hence the risk keeping a lid on companies like IMA.

Great company IMA, simple profitable operation, terrific money making capacity especially as the build in China is drawing in iron ore to create buildings and infrastructure, needs to be fitted out with ceramics and accessories in the next wave... Probably starting seriously in a year from now, but with an uptrend in pricing in the near term.

Luckily a Chinese company has just partnered with West Australia company for a major mineral sands project, endorsed by Govts. So it would be poor form to attack our industry, a little protection.