IMA has pre-released selected Sep. Q’20 results, including a record 92kt of HMC sales. Preliminary shipping schedules outline up to 130kt of HMC could be shipped in Dec. Q’20. We expect the company to be in a net cash position of A$62m at the end of 2020 and forecast a maiden dividend in 1H 2021 following the retirement of debt. With the sales outlook improving, investor focus shifts to mine life gains and the resource update due this quarter. A 25,000m drill campaign to confirm if two years can be added to the mine life is expected to be completed by year-end. IMA is highly cash generative at current prices and each additional year of mine life adds 15% to our NPV. We reiterate our Buy recommendation at an improved price target of A$0.32/sh (A$0.31/sh).broker update
- Forums
- ASX - By Stock
- IMA
- Ann: Diggers and Dealers Presentation
Ann: Diggers and Dealers Presentation, page-7
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMA (ASX) to my watchlist
|
|||||
Last
7.4¢ |
Change
0.001(1.37%) |
Mkt cap ! $83.10M |
Open | High | Low | Value | Volume |
7.4¢ | 7.4¢ | 7.3¢ | $8.577K | 117.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 156173 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 49297 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 156173 | 0.073 |
3 | 67000 | 0.072 |
2 | 155000 | 0.071 |
4 | 184220 | 0.070 |
1 | 10000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 49297 | 1 |
0.079 | 55889 | 2 |
0.080 | 92129 | 2 |
0.081 | 4240 | 1 |
0.084 | 37500 | 1 |
Last trade - 11.17am 12/07/2024 (20 minute delay) ? |
Featured News
IMA (ASX) Chart |