"Market conditions remain encouraging for our Company, largely due to the stronger gold price, an increase in profits from the gold miners and an increase in resource company capital raisings. Traditionally there is a lag of approximately 6 – 12 months between the money being raised and it being deployed in the ground, therefore we are expecting a measured recovery throughout the balance of FY17."
Sounds pretty darn good to me. It has been a long time coming but hopefully worth the wait. The BOD has had a lot to contend with, including I believe some people who set out to destroy IMD back in Aug 2015. The decision to exit O&G is now looking pretty good too. [I can't remember it all now, but if (NB. IF) I was dubious about the decision back then, as I think I might have been, I'm happy to eat humble pie now.].
IMD Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
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