Hi folks
I think the mine life may be holding some back , but if it is it’s silly because the current latent value of cash plus inventory plus land means you are buying 5-6 years of mine life with circa 75-90 m pre tax cash flow for about 80m. Now with that cash pile the company has a lot of optionality to invest in growth.
even if the paid out a 12% dividend , it equates to only 20m odd so after 2 years of 12% dividend today’s market cap will be less than the value of cash land and inventory. I think the other projects will extend mine life by 2-3 years beyond.
I also think the simplicity of the mining operation should attract a premium , many other miners extract their product through costly and often expensive methods. IMAs operatinig business is so simple, no risk for grade issues , wall failures , high risk sovereign jurisdictions etc . Simple Australian based highly profitable mining operation
I honestly think the market will wake up when they see the company is net cash by 50m
- Forums
- ASX - By Stock
- IMA
- Ann: Exploration Update
Ann: Exploration Update, page-12
-
- There are more pages in this discussion • 14 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
(20min delay)
|
|||||
Last
7.4¢ |
Change
0.002(2.78%) |
Mkt cap ! $83.03M |
Open | High | Low | Value | Volume |
7.7¢ | 7.7¢ | 7.4¢ | $1.54K | 20.00K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 7.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 39000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 99999 | 0.074 |
1 | 214285 | 0.072 |
2 | 99639 | 0.071 |
1 | 16504 | 0.070 |
1 | 100000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 39000 | 1 |
0.077 | 20000 | 1 |
0.078 | 100000 | 1 |
0.080 | 109990 | 1 |
0.087 | 50000 | 1 |
Last trade - 15.59pm 04/10/2024 (20 minute delay) ? |
Featured News
IMA (ASX) Chart |