re: Ann: New Malachite Mineralisation Discove... it was going to take me to the moon 10 years ago , when its stock price was , wait for it, 50 cents. There are quite a few of us, I reckon that are still here.
Then it was based on expectation aan hope and promises ... you know the type of thing, a lazy board getting their salaries, admittedly gaining ground (5 stars for that) then like the marketing man who sits on the side of the young maidens bed teeling her how good its going to be ... no action, little drilling, little promotion, especially in the Mt Woods area... I reckon we could have had a mine there years ago and hence CASH FLOW.
Now they have two terrific investments in CNI and INX ... both should eventuqlly take off ... now run by 2 very competent Boards with alignment to the IXR Board's desires for their futures
They have OZL drilling the 2nd hole of 6 (10?) planned in a highly prospective area by experts
They have a very good relationship with Mr Song... a very entrepreneurial investor
They have built a transportation system and it works .... special rail carriages, ship loading technique... and 2 ships a month to be ungraded to 3 ships a month in 2012
They now have money coming in per month and they are debt free.
The world backdrop to any resource company is excellent for years to come. Iron ore and copper especially !!!
Nuclear energy is not dead. The Germans said no more nuclear... now this greeeny lead nation is going to return to coal and gas, while still buying electricity from france, which produces the elec from nuclear power stations ( what a joke) UNX is 28c per lb of urnanuim in the ground... next door mantra was sold for $8 a pound !!
IMX need some more offtake agreements with anybody ( but will be chinese) 3 would be great , who pay their bills on time
They need to put in place a mechanism to get that iron ore out of the grouond as quickly as possible to make as much money as possible before the prices softe due to supply increases over the next 3 to 5 years.
They need to get liquidity into the stock, before instos will play ... Aus and o/s instos ... the stck price id now 47c and there are 50,000 on the screen to buy and sell... thats a joke and it is the same issue with CNI.
BBY claim the stock is worth $1, buy I dont see them buying... perhaps you should ring them up and ask why they are so quiet.
They have a Board that has proven itself to be a "can-do" Board both in IMX and in other areas. My belief is that they have plans afoot to address the above issues and move this company forward and I believe they are realists and have the skills to do it.
If the stockmarket is a voting machine, then they have to win the votes of the investing public... retail and insto ... but then what is the investing public wanting ???
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