I opened a position here today. Lots to like including forecast cashflow, commencement of a dividend for this half (based off management comments) and I like the medium term outlook for IMA’s commodity exposure, which could go into deficit on a demand v supply based on some of the industry stats I’ve seen.
My only key doubt, which you’ve raised is large holders selling. The relentless selling has meant I’ve kept my position relatively small to manage the risk profile. Do they know something I don’t? We’ll find out soon.
But I think when IMA report their Dec numbers and declare a dividend that could turn the tide even though it’s fairly easy to work it out based on production stats. @autosime’s analysis has also been useful. Cheers mate
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Last
7.3¢ |
Change
-0.001(0.68%) |
Mkt cap ! $82.54M |
Open | High | Low | Value | Volume |
7.4¢ | 7.4¢ | 7.3¢ | $1.924K | 26.02K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 154473 | 7.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 11416 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 156173 | 0.073 |
5 | 361822 | 0.072 |
1 | 55000 | 0.071 |
3 | 171220 | 0.070 |
1 | 10000 | 0.069 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 19593 | 1 |
0.075 | 20000 | 1 |
0.077 | 67500 | 1 |
0.078 | 49297 | 1 |
0.079 | 55889 | 2 |
Last trade - 10.18am 16/07/2024 (20 minute delay) ? |
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RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
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