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6.5¢ image resources nl

168 m market cap . Buy of the century, page-20

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reach_k

544 Posts.

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20/01/21

01:38

Post #: 50290560
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Originally posted by trousergecko: ↑

For me, the share price is being held down by the Liberal government attitude to China, triggered by following Trump into a mess of tariffs and goods rejection. Truly a dangerous ieader, who won't go away entirely. King Mess, Lord of flies.

If relations can be normalised by Biden with China, then Scotty can follow that wagon train instead. The minor minerals industry at the moment could become a target.... Hence the risk keeping a lid on companies like IMA.

Great company IMA, simple profitable operation, terrific money making capacity especially as the build in China is drawing in iron ore to create buildings and infrastructure, needs to be fitted out with ceramics and accessories in the next wave... Probably starting seriously in a year from now, but with an uptrend in pricing in the near term.

Luckily a Chinese company has just partnered with West Australia company for a major mineral sands project, endorsed by Govts. So it would be poor form to attack our industry, a little protection.

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We also need to be cautious that whilst many reference this as a simple operation, this also means it is more vulnerable to common mining material risks such as lighting and fire (which recently happened in the area couple of days ago).

IMA Price at posting: 17.0¢ Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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(20min delay)
Last 6.5¢		Change 0.001(0.78%)		Mkt cap ! $72.37M

Open	High	Low	Value	Volume
6.4¢	6.5¢	6.4¢	$15.98K	248.1K

Buyers (Bids)

No.	Vol.	Price($)
1	68800	6.4¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	71914	1

View Market Depth

No.	Vol.	Price($)
1	68800	0.064
1	11160	0.063
2	32308	0.062
3	124577	0.061
3	260729	0.060

Price($)	Vol.	No.
0.065	71914	1
0.069	30000	1
0.072	533786	2
0.075	40000	1
0.090	9959	2

Last trade - 14.15pm 17/09/2024 (20 minute delay)

IMA (ASX) Chart