edshann
i sold at those levels too ( marginally higher infact ) as I thought we were less undervalued as it approached 30c and the risk of board change was imminent. Had only a tiny position vs over 4.7m shares before sell down However we are more than 50% down from peak, and have 53 m on balance sheet , inventory of 30 plus million and 3 quarters of production , plus land plus new assets. I think today I would value IMA less than the mid to high 30s I did at the start of the year due to costs pressures , but I still think we are worth high 20s to low 30s and with such a strong balance sheet and low PE, extracting 35-50% from this levels I don’t see as hard over a 12-18 month time frame.
Partly filled today at 14.5. Even at 17.5c that’s 20%
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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) ? |
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IMA (ASX) Chart |