IMA (ASX) Ann: Quarterly Activities/Appendix 5B Cash Flow Report

Originally posted by Autosime: ↑

edshann
you do appreciate at the start of any mining operations it takes a few months to build inventory. The time from commencement of production to first sales is no different to it was in BFS.
3 months to move plant , build up product and sell.

let’s be clear - the Atlas mine at this point starts after the plant is moved, as with Boonanaring the initial build up in inventory tends to be monetised at the end of operations , so in the case the cash flow gap will be 3 months as Image will be selling inventory in the July - sept quarter of 2023 , and will bank approx 30- 32m

Either way if they move to Atlas with say 82 m cash and 30 m -32 m in inventory, even if Atlas relocation costs 35m they will still be in a super strong cash position

no matter how you look at it, the facts as of today are as follows
HMC commands a great price that will increase with increasing Zircon grade expected from the last part of block and Block D-
the last 3 quarters will deliver great cash flow to add to existing cash
the inventory is worth 30 m
land is worth 20 m plus
the mining operation is simple, absent of risks associated with most commodities

i see clear value for the reasons outlined above at 15 , and bought some today and am in line for more at 14.5 . Absolutely fine if you don’t but in financial methodology terms the DCF impact from a 3 month delay is negligible. Why it’s such a concern for some is perplexing, even more so considering you have no exposure

what we get from IMA quarterly is clear and honest commentary on aspects of the operation - if one pays attention to the detail in this reports vs some resource companies , one appreciates what a good management team we have - nothing is left to gues

Expand

I have no exposure because I sold out early this year at 28 cps. I may be interested in IMA when they give us the details of Atlas economics. I bought Iluka instead. A very good decision.

The last shipment is July/August 23 (one shipment in the quarter I assume). The first shipment from Atlas is December 23 or January 24. That assumes the timing of approvals and start up is as suggested. The revenue for the half year could well be one shipment.

If IMA pay a large dividend in 2023 I would assume not much (if any) in early 2024.

Originally posted by Autosime: ↑

edshann
you do appreciate at the start of any mining operations it takes a few months to build inventory. The time from commencement of production to first sales is no different to it was in BFS.
3 months to move plant , build up product and sell.

let’s be clear - the Atlas mine at this point starts after the plant is moved, as with Boonanaring the initial build up in inventory tends to be monetised at the end of operations , so in the case the cash flow gap will be 3 months as Image will be selling inventory in the July - sept quarter of 2023 , and will bank approx 30- 32m

Either way if they move to Atlas with say 82 m cash and 30 m -32 m in inventory, even if Atlas relocation costs 35m they will still be in a super strong cash position

no matter how you look at it, the facts as of today are as follows
HMC commands a great price that will increase with increasing Zircon grade expected from the last part of block and Block D-
the last 3 quarters will deliver great cash flow to add to existing cash
the inventory is worth 30 m
land is worth 20 m plus
the mining operation is simple, absent of risks associated with most commodities

i see clear value for the reasons outlined above at 15 , and bought some today and am in line for more at 14.5 . Absolutely fine if you don’t but in financial methodology terms the DCF impact from a 3 month delay is negligible. Why it’s such a concern for some is perplexing, even more so considering you have no exposure

what we get from IMA quarterly is clear and honest commentary on aspects of the operation - if one pays attention to the detail in this reports vs some resource companies , one appreciates what a good management team we have - nothing is left to gues

Expand

No.	Vol.	Price($)
4	116690	7.5¢

No.

Vol.

Price($)

116690

7.5¢

Price($)	Vol.	No.
7.6¢	34083	1

Price($)

Vol.

No.

7.6¢

34083

No.	Vol.	Price($)
4	116690	0.075
1	13000	0.074
1	40000	0.072
1	360000	0.070
1	12000	0.068

No.

Vol.

Price($)

116690

0.075

13000

0.074

40000

0.072

360000

0.070

12000

0.068

Price($)	Vol.	No.
0.076	34083	1
0.077	196639	2
0.079	16889	1
0.080	108620	3
0.081	4240	1

Price($)

Vol.

No.

0.076

34083

0.077

196639

0.079

16889

0.080

108620

0.081

4240

(20min delay)
Last 7.5¢		Change -0.002(2.60%)		Mkt cap ! $84.22M

Open	High	Low	Value	Volume
7.6¢	7.7¢	7.5¢	$8.427K	110.5K

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

Top Stories

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Polarx discovers thick sulphide mineralisation at Alaskan Cu project

Ironbark eyes lithium and niobium opportunities with 7 new Brazilian projects

ASX200 dives as inflation clocks in at 4% – higher than 3.8% consensus

Peregrine extends high-grade gold shoot, sniffs anomalism at WA's Tin Can

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News