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7.0¢ image resources nl

Do not sell guys, page-6

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Hottin

6,584 Posts.

358

10/04/17

18:01

Post #: 23982537
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Originally posted by Slyvestor ↑

We first need to get through the heap of shares that were bought during the last cap raising at 4c there will be plenty out there looking to sell on a double/triple and take the quick profit. Once those are gone then it's back to the long termers to drive the price.

What price over the next 18 months should be your question. This once traded over $3 per share on a much smaller resource but also with a much smaller share distribution. I expect this to break through $1 leading up to production, after that it will all be about the HM market. We are testing the one year high today, once that is broken the next hurdle is 30c...not sure that is achievable in 3 months, unless this gets hit with a takeover, that has to be a real option but at what price, the earlier they get in the lower the offer price will be.

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I think you are right. I am not sure about $3 but the company is in much much better position now then it was years ago at $3.
Also we should be in production in first Q 2018 so once that happens we will be worth more then 10c I'd think .
And yes I'd not be surprised if someone puts cash on the table to buy the company. Good assets!

IMA Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 7.0¢		Change 0.002(2.94%)		Mkt cap ! $78.54M

Open	High	Low	Value	Volume
6.9¢	7.0¢	6.9¢	$9.849K	142.7K

Buyers (Bids)

No.	Vol.	Price($)
5	77770	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
7.0¢	9649	1

View Market Depth

No.	Vol.	Price($)
5	77770	0.068
1	28843	0.067
2	121271	0.066
3	73846	0.065
2	200000	0.064

Price($)	Vol.	No.
0.070	9649	1
0.071	32903	2
0.072	50000	1
0.073	43000	1
0.080	109990	1

Last trade - 12.26pm 01/10/2024 (20 minute delay)

IMA (ASX) Chart

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