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
7.5¢ |
Change
-0.002(2.60%) |
Mkt cap ! $84.22M |
Open | High | Low | Value | Volume |
7.6¢ | 7.7¢ | 7.5¢ | $8.427K | 110.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 116690 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 34083 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 116690 | 0.075 |
1 | 13000 | 0.074 |
1 | 40000 | 0.072 |
1 | 360000 | 0.070 |
1 | 12000 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 34083 | 1 |
0.077 | 196639 | 2 |
0.079 | 16889 | 1 |
0.080 | 108620 | 3 |
0.081 | 4240 | 1 |
Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
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IMA (ASX) Chart |