TonyD, I don't want to sound like a pessimist but booms help sectors run, which we have seen with graphite. that is over now.
They may have a product but they have not brought it to market yet. The MOU is just a token gesture to appease shareholders - all companies do it, and usually the net effect of an MOU is a pump and dump.
I do not believe I am alone with this thinking as was shown by the pitiful volume we saw following the MOU. I guess the majority of the market agrees with my line of thinking.
Management have not pulled any aces in my book yet, nor have they really supported this company with on market purchases - so, do they believe the hype?
Just keeping it real - but people would rather be sucked in by the hype.
Ann: IMX agrees MOU for development of Chilalo Project, page-26
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