one last point when IMA started up Boonanaring, they went in with a decent chunk of high interest debt. They paid it off , distributed 40m in dividends, bought two assets and will fund Atlas start up and still have 40-50 m in cash before dollars start flowing again from Atlas. Plus they would have progressed another project to BFS stage . That is what I call value creation! So if this period ends up being a period of accumulating shares cheaply once again , then that’s fantastic. Let’s not forget at 17.5c , making at least 30-40% with lower risk than most resource stocks won’t be a hard task I will have bids in the market and 17-16 . Bought more at 17.5 today
IMA Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
