Garmel...still not convinced this is any kind of systematic capping...just a few panicked holders getting out on a bad day at the asx office. GS is accumulating as opportunity presents...buy on down days. Smart money.
50 remains the break point, needs either a really good couple of days on the asx (not anytime soon) or some really good news. Whilst most resources stocks have taken a beating lately the demand for minerals remains strong...take a look at ILU's performance over the past six months.
IMA has no debt and a bucket load in the ground all in close proximity to current producers with demand still strong. This is the pick of my porfolio and I expect good things over the next few months. The writing is on the wall and IMA will be one of those " it was so obvious" stocks 6 months from now.
DYOR..."I know nothing"
IMA Price at posting:
43.6¢ Sentiment: Buy Disclosure: Held
